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Bitcoin Drops Below $50K Level Cryptocurrency Tezos Rises 30% After Ubisoft News

Bitcoin Drops Below $50K Level Cryptocurrency Tezos Rises 30% After Ubisoft News

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Answer Bitcoin Drops Below $50K Level Cryptocurrency Tezos Rises 30% After Ubisoft News

Bitcoin tried to climb again in the last 24 hours, but stopped at $52,000 and fell back below $50,000.

Most altcoins have also stopped rising since yesterday’s increases, with a few exceptions such as Tezos, which is up nearly 30% in a single day.

Bitcoin Failed at $52,000:

Last Saturday, we reported on the massive crash that pushed Bitcoin from $58,000 to a two-month low of $42,000, liquidating more than $2.5 billion from 400,000 leveraged openers.

The asset started to recover on Sunday but was halted at nearly $50,000.

However, it managed to breach this level yesterday.

In addition, Bitcoin continued to climb in the following hours, reaching as high as $52,000.

Read:The “1inch” platform launches a cryptocurrency wallet on the iOS App Store…Details here

This is where the bears rose again and pushed the price of the currency south again.

As a result, the price of Bitcoin is now just over $49,000, and its market capitalization has fallen to $932 billion.

XTZ Cryptocurrency Explosion:

Most altcoins have recently imitated the performance of Bitcoin, which means that they fell sharply in value on Saturday and charted impressive gains yesterday.

But there are some exceptions for some alternative digital currencies, such as the XTZ currency, which rose by more than 30%, after partnering with the gaming giant “Ubisoft”, which we discussed in an article on Arab Bitcoin this morning.

Read:Why did the cryptocurrency market crash? An answer for Bitcoin, Luna and other cryptocurrencies?

Overall, the cryptocurrency market cap has fallen by $50 billion per day to a total value of $2.30 trillion.

Read also:

The gaming company “Ubisoft” is preparing to launch NFT in-games using the numbering system…Details here

Study: More than 25% of US investors surveyed own Bitcoin


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