{"id":53692,"date":"2021-11-29T10:00:32","date_gmt":"2021-11-29T08:00:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53692"},"modified":"2025-09-03T16:28:38","modified_gmt":"2025-09-03T13:28:38","slug":"bitcoin-climbs-back-above-57000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-climbs-back-above-57000\/","title":{"rendered":"Bitcoin climbs back above $57,000"},"content":{"rendered":"<p>In the early hours of Monday, November 29, the leading cryptocurrency moved higher \u2014 from around $54,000 to above $57,000. Bitcoin rose 5.4% over the last 24 hours, according<a href=\"https:\/\/www.coingecko.com\/en\"> CoinGecko<\/a>.<\/p>\n<p>As of writing, digital gold trades at around $57,490, rebounding from a decline<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-price-falls-below-55000\"> after &#8216;Black Friday&#8217;<\/a>. That correction occurred amid concerns about a new COVID-19 variant, which raised the prospect of governments imposing new restrictions.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/oJSHFYY4Z9iYtqGErJJpnL4suNJ3VAHE_-VwcNGK-WVix-q-MuooZFO6czaU_7Tr4Jo-hJDnprlaaEZtYeYaaoUkvpsDgriDWHbEuT5zoST7BCXi9AVEjaDFtguKD5xuGkbvrqpQ\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u0432\u0435\u0440\u043d\u0443\u043b\u0441\u044f \u043a \u043e\u0442\u043c\u0435\u0442\u043a\u0430\u043c \u0432\u044b\u0448\u0435 $57 000\"\/><figcaption><meta charset=\"utf-8\">Hour chart BTC\/USD on Bitstamp. Data:<a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSD\/\"> TradingView<\/a>.<\/figcaption><\/figure>\n<p>Total market capitalization stands at $2.7 trillion, Bitcoin\u2019s market capitalization at $1.08 trillion, with the dominance index at 40%.<\/p>\n<p>Following the lead of the first cryptocurrency, the rest of the market moved into the green. Over the last 24 hours, Ethereum rose 6.7% to surpass $4,330.<\/p>\n<p>Notable growth (26.7%) is demonstrated by <span data-descr=\"game finance\" class=\"old_tooltip\">The Sandbox (SAND)<\/span>-\u043f\u043b\u0430\u0442\u0444\u043e\u0440\u043c\u044b The Sandbox (SAND). On November 29 the platform<a href=\"https:\/\/u1f987.com\/en\/news\/the-sandbox-to-launch-alpha-version-of-its-metaverse\"> will launch an alpha version of its metaverse<\/a> for a limited number of users.<\/p>\n<p>The Decentraland (MANA) token rose 14.1% over the last 24 hours.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/OKsyNCk1QKnZjXX5bzda_FPFZs9WFmaf5_gmN2CLtmTM4CEO2kqioACK-QVKHk8mGih3j6e0MsQ1NrVXG9irfPZMx-UxhQ_f8BUm3KzuFx5GjpNDQ7Ceboqxz9DaMwTZt3oBJPHU\" alt=\"\u0411\u0438\u0442\u043a\u043e\u0438\u043d \u0432\u0435\u0440\u043d\u0443\u043b\u0441\u044f \u043a \u043e\u0442\u043c\u0435\u0442\u043a\u0430\u043c \u0432\u044b\u0448\u0435 $57 000\"\/><figcaption><meta charset=\"utf-8\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>Economist Alex Kr\u00fcger noted the market&#8217;s &#8216;overreaction&#8217; and stressed that a reversal typically follows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Everything bouncing. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> +5%. As I said, markets had over reacted in thin holiday liquidity. Over-reactions are followed by reversals. Did you listen to the friendly bears who wanted you to sell after they sold? <a href=\"https:\/\/t.co\/XhRTznefhL\">pic.twitter.com\/XhRTznefhL<\/a><\/p>\n<p>\u2014 Alex Kr\u00fcger (@krugermacro) <a href=\"https:\/\/twitter.com\/krugermacro\/status\/1465097571563679744?ref_src=twsrc%5Etfw\">November 28, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier, SkyBridge Capital founder Anthony Scaramucci saw in the latest correction<a href=\"https:\/\/u1f987.com\/en\/news\/anthony-scaramucci-calls-latest-bitcoin-correction-a-buying-opportunity\"> an opportunity to add to his positions<\/a>. He said that, from a fundamental perspective, cryptocurrencies have potential for further growth.<\/p>\n<p>Earlier, Salvadoran President Nayib Bukele said that the state bitcoin fund <a href=\"https:\/\/u1f987.com\/en\/news\/el-salvadors-bitcoin-fund-buys-100-more-btc\"> purchased an additional 100 BTC<\/a> as the price fell. With the new investment, his balance stands at 1,220 BTC.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin moved higher in the early hours of Monday, November 29, from around $54,000 to above $57,000. It rose 5.4% over the last 24 hours, according to CoinGecko.<\/p>\n","protected":false},"author":1,"featured_media":53693,"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-53692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53692","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=53692"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53692\/revisions"}],"predecessor-version":[{"id":53694,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53692\/revisions\/53694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53693"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}