{"id":47566,"date":"2021-10-05T15:44:52","date_gmt":"2021-10-05T19:44:52","guid":{"rendered":"https:\/\/euvolution.com\/open-source-convergence\/uncategorized\/bitcoin-price-hits-50000-for-first-time-in-a-month-mint.php"},"modified":"2021-10-05T15:44:52","modified_gmt":"2021-10-05T19:44:52","slug":"bitcoin-price-hits-50000-for-first-time-in-a-month-mint","status":"publish","type":"post","link":"https:\/\/euvolution.com\/open-source-convergence\/bitcoin\/bitcoin-price-hits-50000-for-first-time-in-a-month-mint.php","title":{"rendered":"Bitcoin price hits $50,000 for first time in a month – Mint"},"content":{"rendered":"

Bitcoin price today surged above the $50,000 mark for the first time in four weeks. The world's largest cryptocurrency by market capitalization rose more than 5% to to hit $50,312 on Tuesday.<\/p>\n

The cryptocurrency fell below that level on September 7 amid a broader selloff in shares of cryptocurrency and blockchain related firms that day. It continued to fall in September, hitting a low of $40,596 on September 21.<\/p>\n

Other cryptocurrency prices also gained with ether, the coin linked to ethereum blockchain and the second largest crypto trading at $3,466, up 3%. Cardano, dogecoin and other digital tokens including XRP, Litecoin, Uniswap also were higher.<\/p>\n

Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday.<\/p>\n

Bitcoin recorded its third straight week of inflows. Ethereum products and funds, meanwhile, posted another week of inflows totalling $20 million, despite conceding market share to bitcoin in recent weeks. Inflows to ether, the token for the Ethereum blockchain, so far this year amount to $1 billion.<\/p>\n

Another report showed that India, Vietnam and Pakistan are helping to lead the expansion of cryptocurrency markets in central and southern Asia, according to Chainalysis. Indias market grew 641% over the past year and Pakistans 711%, a report from Chainalysis showed, using a metric that estimates the total cryptocurrency received by a country.<\/p>\n

(With inputs from agencies)<\/p>\n

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\nBitcoin price hits $50,000 for first time in a month - Mint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price today surged above the $50,000 mark for the first time in four weeks. The world's largest cryptocurrency by market capitalization rose more than 5% to to hit $50,312 on Tuesday. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24697],"tags":[],"class_list":["post-47566","post","type-post","status-publish","format-standard","hentry","category-bitcoin"],"_links":{"self":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/47566"}],"collection":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/comments?post=47566"}],"version-history":[{"count":0,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/posts\/47566\/revisions"}],"wp:attachment":[{"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/media?parent=47566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/categories?post=47566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euvolution.com\/open-source-convergence\/wp-json\/wp\/v2\/tags?post=47566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}