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# Bitcoin retests $50,000 milestone, the second time in 10 days
- URL: https://btcpeers.com/bitcoin-retests-50-000-milestone-the-second-time-in-10-days-2/
- Published: 2021-09-02T21:10:47.000Z
- Updated: 2023-09-24T15:42:20.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Bitcoin reclaimed the $50,000 benchmark on Thursday, ten days after it tested the level on August 23.

The flagship cryptocurrency has risen by 5.5% in the past 24 hours, according to CoinGecko. It peaked at a local high of $50,171, with a market cap of $941.6 billion. Bitcoin’s dominance is currently 40.6% of the entire [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) market.

Although historically September has always been a difficult month for Bitcoin bulls, the recent rally is a positive start for the month. According to data from bybt.com, investors have suffered losses in September for four years in a row, with maximum monthly returns slightly above 6%.

In other news, the second-largest cryptocurrency Ethereum is up by 5.8% over the day, having re-tested levels above $3,800.

Meanwhile, Cardano (ADA), which climbed to the third spot last month, hit a new all-time high of $3.09 earlier today, as the network prepares for the Alonzo hard fork. The eagerly anticipated Alonzo upgrade will bring smart contract functionality to the network.