{"id":48726,"date":"2021-09-02T10:06:07","date_gmt":"2021-09-02T07:06:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48726"},"modified":"2025-09-02T08:52:37","modified_gmt":"2025-09-02T05:52:37","slug":"bitcoin-breaks-through-50000-as-price-climbs","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-breaks-through-50000-as-price-climbs\/","title":{"rendered":"Bitcoin breaks through $50,000 as price climbs"},"content":{"rendered":"<p>On Thursday, September 2, the price of the first cryptocurrency breached the $50,000 mark (on the Binance exchange). Over the past 24 hours, the price of digital gold rose by more than 5%, according to <a href=\\\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\\\">CoinGecko<\/a>.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"490\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39-1024x490.png\\\" alt=\\\"Bitcoin breaks through $50,000\\\" class=\\\"wp-image-147891\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39-1024x490.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2021-09-02_10-02-39.png 1834w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption>BTC\/USDT hourly chart on Binance. Data: <a href=\\\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\\\">TradingView<\/a>.<br \/><\/figcaption><\/figure>\n<p>The asset&#8217;s market capitalization exceeded $935 billion. Open interest on the Bitcoin futures market reached $17.9 billion, according to <a href=\\\"https:\/\/www.bybt.com\/BitcoinOpenInterest\\\">Bybt<\/a>.<\/p>\n<p>Some analysts expect the cryptocurrency&#8217;s price to continue moving higher. For example, Micha\u00ebl van de Poppe, who forecasts Bitcoin rising to $57,000.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> facing final hurdle before $57K. <a href=\\\"https:\/\/t.co\/uE1VBdfRS2\\\">pic.twitter.com\/uE1VBdfRS2<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\\\"https:\/\/twitter.com\/CryptoMichNL\/status\/1433323584676585472?ref_src=twsrc%5Etfw\\\">September 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Popular crypto blogger by the nickname K A L E O forecasted that digital gold would take far less time to break the $50 000-$60 000 range. He advised investors to \\&#8221;not blink\\&#8221;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">When it\u2019s happening, don\u2019t blink. <a href=\\\"https:\/\/t.co\/j1szBqLt9b\\\">https:\/\/t.co\/j1szBqLt9b<\/a><\/p>\n<p>\u2014 K A L E O (@CryptoKaleo) <a href=\\\"https:\/\/twitter.com\/CryptoKaleo\/status\/1433243941915213826?ref_src=twsrc%5Etfw\\\">September 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Institutional investments may have helped lift the price of the leading cryptocurrency. Mike Alfred, head of data analytics at Digital Assets Data, said that many \u201clarge and important institutions\u201d bought Bitcoin over the summer. He said these deals will be announced between September 7 and November 19. <\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">A lot of large and important institutions bought <a href=\\\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#bitcoin<\/a> over the summer. They will announce their purchases between September 7 and November 19. Enjoy the fireworks.<\/p>\n<p>\u2014 Mike Alfred (@mikealfred) <a href=\\\"https:\/\/twitter.com\/mikealfred\/status\/1433252301959876610?ref_src=twsrc%5Etfw\\\">September 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Last week, Bitcoin already <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-breaks-above-50000\">tested the $50 000 mark<\/a>, but could not hold above this level.<\/p>\n<p>As reported in ForkLog, Yuri Mazur, head of data analytics at the CEX.IO Broker, told ForkLog that if current market trends persist, the price of digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/expert-outlines-prerequisites-for-bitcoin-to-reach-75000\">will rise to new highs near $70 000-$75 000<\/a>.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, September 2, the price of the first cryptocurrency breached the $50,000 mark (on the Binance exchange). Over the past 24 hours, the price of digital gold rose by more than 5%.<\/p>\n","protected":false},"author":1,"featured_media":48727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-48726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48726"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48726\/revisions"}],"predecessor-version":[{"id":48728,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48726\/revisions\/48728"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48727"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}