Zoom News : Oct 06, 2021, 04:02 PM
New Delhi: Bitcoin prices on Wednesday continued to extend gains, a day after passing the $50,000 mark for the first time in four weeks. The world's largest cryptocurrency by market capitalization was trading 5 per cent higher at around $51,614 at 11:30am.According to CoinDesk, Ether, the coin linked to ethereum blockchain and the second largest crypto, was up 3 per cent to $3,500. Cardano prices gained marginally to $2.22 whereas dogecoin surged nearly 5 per cent to $0.24. Other digital tokens like Stellar, Litecoin gained Solana and Uniswap slipped over in the last 24 hours.The global crypto market cap was up by more than 3 per cent to $2.22 trillion compared to Tuesday. However, the total crypto market volume jumped about 4 per cent to $110.80 billion.The Bitcoin advance has overcome China’s ban on cryptocurrency transactions and turbulence around El Salvador’s troubled rollout of the digital coin as legal tender, reports Bloomberg."Now that Bitcoin has surpassed $50,000, we do expect this bull run to take it to near highs during the fourth quarter,” said Leah Wald, chief executive officer of Valkyrie Investments, a specialized alternative asset management firm, in a Bloomberg QuickTake video.Bitcoin had fallen below the $50,000 mark in early September during a broad selloff. It's prices declined further in September, hitting a low of $40,596 on September 21.Here are the top cryptocurrencies and their prices on Wednesday:Bitcoin--$51,540Ether--$3,494.173. Binance Coin - $433.014. Cardano - $2.205. Tether - $0.99996. XRP - $1.067. Solana - $157.168. Dogecoin: $0.25929. USD Coin $1.0010. Polkadot - $30.98