Cryptocurrency Prices Today: Bitcoin Knocking on $50,000

• The world’s largest cryptocurrency Bitcoin went as high as $49,700 on Saturday, pushing it closer to the psychological mark of $50,000

• After months of trading between $30,000 and $40,000, the flagship cryptocurrency is gradually climbing close to its all-time high of $64,000

• Meanwhile, it has been a mixed day for altcoins in the market, coins such as Cardano and Litecoin are in the green while Ethereum and Polkadot are struggling to stay in profit from the last 24 hours

The market cap of cryptocurrency globally is $2.11 trillion, an increase of 1.55% in the last 24 hours.

The positive movement in the market cap has been driven by a $1.3% increase in the value of flagship cryptocurrency Bitcoin.

The world’ largest cryptocurrency is currently trading at $49,100, as it nears the psychological barrier of $50,000.

Since falling below $30,000 in July, Bitcoin has been able to recover strongly but it remains some way from its all-time high of $64,000.

It has been a mixed day for other cryptocurrencies in the market, with some being in green and others losing value.

The second-largest crypto asset in the world Ethereum is currently trading at $3,250, down by 0.44% in the last 24 hours.

Read also: Ex-Manchester United Player Accused of $6.4m Bitcoin Fraud

Cardano is one of the biggest gainers of the day. The altcoin managed to rally to an all-time high of $2.46 on Saturday, becoming the third-largest cryptocurrency in the world based on market cap.

Other popular cryptos with gains in the last 24 hours are Litecoin(3.85%) and Filecoin(5.26%).

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