Bitcoin retests $50,000 milestone, the second time in 10 days

Bitcoin retests $50,000 milestone, the second time in 10 days

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 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, 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.

Subscribe to BTC Peers

Don’t miss out on the latest issues. Sign up now to get access to the library of members-only issues.