{"id":473086,"date":"2021-10-05T13:00:48","date_gmt":"2021-10-05T13:00:48","guid":{"rendered":"https:\/\/wncen.com\/?p=473086"},"modified":"2024-06-11T13:59:12","modified_gmt":"2024-06-11T13:59:12","slug":"bitcoin-shakes-off-bloody-september-price-breaks-50k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-shakes-off-bloody-september-price-breaks-50k\/","title":{"rendered":"Bitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs?"},"content":{"rendered":"

The crypto market has started on another recovery trend. This time, the price of bitcoin has crossed $50,000 after a slow month in September that had the entire market in a chokehold. Crashes rocked the space and cryptocurrencies succumb to the massive value loss that put the market in the red for most of the month. NewsBTC had reported<\/a> that September historically saw declining prices and this year was no different. In short, September is \u201cbad vibes\u201d.<\/p>\n

The month drew to a close with the weekend and trading volume had begun to pick back up. Low volatility usually experienced during weekends has helped give digital assets the needed push and this past weekend was no different. Prices had recovered some with the start of the new week. And after Monday\u2019s trading day drew to a close, the early hours of Tuesday ushered in better prospects for the crypto market.<\/p>\n

Related Reading |\u00a0Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He\u2019s \u2018Very Bullish\u2019<\/a><\/strong><\/em><\/p>\n

Bitcoin had steadily climbed up from the low of $43K which it had started the month with and over the course of five days has added $7K to its value to help it break $50,000 once more. This spells good news for the market as bullish sentiments have returned with this new break. Exchange balances remain low which shows that investors are continuing to hold on to their coins. And despite mounting selling pressure through these past weeks, hold sentiment has dominated throughout the bitcoin community.<\/p>\n

Bitcoin Getting Back On Track<\/h2>\n

Bitcoin had maintained an upward momentum which put it on track to a new all-time high before the September crashes reversed that trend. But nevertheless, the month spent with low momentum gave the asset a much-needed cool-off time before its next bounce towards a new all-time high. After hitting the $50,000 price point, bulls look towards taking the asset above $52K for a setup towards $60K.<\/p>\n

\"Bitcoin<\/p>\n

BTC price crosses $50K | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
The recovery above $50K is bringing traders back into the market as the Fear & Greed Index once again goes into greed<\/a>. Moving up 29 points on the index to take the market out of extreme fear from the close of last month. This turn in market sentiment will result in mounting buy pressure on investors, pushing them to throw more money into the market in order to not miss the next rally.<\/p>\n
Related Reading |\u00a0Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes<\/a><\/em><\/strong><\/p>\n
This will inadvertently lead to an increase in the value of the asset, and by extension, the entire crypto market stands to gain from this buying pressure given that the market generally follows the price of bitcoin.<\/p>\n
Bitcoin is currently trading at a little less than $50K at the time of this writing, owing to significant resistance from the $50K point it had hit not too long ago. The asset is up 4.67% in the last 24 hours and the market cap sits at $939 billion.<\/p>\n
Featured image from CryptoPotato, charts from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"
The crypto market has started on another recovery trend. This time, the price of bitcoin has crossed $50,000 after a slow month in September that had the entire market in a chokehold. Crashes rocked the space and cryptocurrencies succumb to the massive value loss that put the market in the red for most of the month. NewsBTC had reported that September historically saw declining prices and this year was no different. In short, September is \u201cbad vibes\u201d. The month drew to a close with the weekend and trading volume had begun to pick back up. Low volatility usually experienced during weekends has helped give digital assets the needed push and this past weekend was no different. Prices had recovered some with the start of the new week. And after Monday\u2019s trading day drew to a close, the early hours of Tuesday ushered in better prospects for the crypto market. Related Reading |\u00a0Billionaire Orlando Bravo Reveals He Owns Bitcoin And Why He\u2019s \u2018Very Bullish\u2019 Bitcoin had steadily climbed up from the low of $43K which it had started the month with and over the course of five days has added $7K to its value to help it break $50,000 once more. This spells good news for the market as bullish sentiments have returned with this new break. Exchange balances remain low which shows that investors are continuing to hold on to their coins. And despite mounting selling pressure through these past weeks, hold sentiment has dominated throughout the bitcoin community. Bitcoin Getting Back On Track Bitcoin had maintained an upward momentum which put it on track to a new all-time high before the September crashes reversed that trend. But nevertheless, the month spent with low momentum gave the asset a much-needed cool-off time before its next bounce towards a new all-time high. After hitting the $50,000 price point, bulls look towards taking the asset above $52K for a setup towards $60K. BTC price crosses $50K | Source: BTCUSD on TradingView.com The recovery above $50K is bringing traders back into the market as the Fear & Greed Index once again goes into greed. Moving up 29 points on the index to take the market out of extreme fear from the close of last month. This turn in market sentiment will result in mounting buy pressure on investors, pushing them to throw more money into the market in order to not miss the next rally. Related Reading |\u00a0Why The Bitcoin At $100K Discourse Remains Strong Despite Market Crashes This will inadvertently lead to an increase in the value of the asset, and by extension, the entire crypto market stands to gain from this buying pressure given that the market generally follows the price of bitcoin. Bitcoin is currently trading at a little less than $50K at the time of this writing, owing to significant resistance from the $50K point it had hit not too long ago. The asset is up 4.67% in the last 24 hours and the market cap sits at $939 billion. Featured image from CryptoPotato, charts from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":473087,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1119,1144,78790],"class_list":["post-473086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nBitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs?<\/title>\n<meta name=\"description\" content=\"The crypto market has started on another recovery trend. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs?","url":"http:\/\/wncen.com\/news\/bitcoin-shakes-off-bloody-september-price-breaks-50k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-shakes-off-bloody-september-price-breaks-50k\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin_bullrun-min.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin_bullrun-min.jpeg?fit=750%2C450"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btc","btcusd","btcusdt"],"dateCreated":"2021-10-05T13:00:48Z","datePublished":"2021-10-05T13:00:48Z","dateModified":"2024-06-11T13:59:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Shakes Off Bloody September As Price Breaks $50K, Headed For New All-Time Highs?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-shakes-off-bloody-september-price-breaks-50k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-shakes-off-bloody-september-price-breaks-50k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin_bullrun-min.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/bitcoin_bullrun-min.jpeg?fit=750%2C450\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btc\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2021-10-05T13:00:48Z\",\"datePublished\":\"2021-10-05T13:00:48Z\",\"dateModified\":\"2024-06-11T13:59:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/10\/bitcoin_bullrun-min.jpeg?fit=750%2C450","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=473086"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/473086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/473087"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=473086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=473086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=473086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}