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Bitcoin Breaks Above $52,000 as Rally Continues

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Wed, 10/06/2021 - 12:45
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Yuri Molchan
World's flagship cryptocurrency has crossed the $52,000 line and continues to rise
Bitcoin Breaks Above $52,000 as Rally Continues
Cover image via stock.adobe.com

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The world's leading digital currency, Bitcoin, has broken above the $52,000 resistance and, at press time, is changing hands at $52,408 on the Kraken exchange.

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Image via TradingView

On Oct. 5, Bitcoin crossed the $50,000 level for the first time since September as "Uptober" started in the crypto market. The Bitcoin Fear&Greed Index is today flashing 68: Greed.

Related
Economist Steve Hanke Names Reasons Why Bitcoin Likely to Crash After Major Price Peak

Earlier, infamous whistleblower Edward Snowden tweeted that the recent crypto ban imposed by China has made Bitcoin stronger.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.