Cardano has fallen out of the top three coins by market cap following a slight decrease, while bitcoin resumes its fight with the $50,000 level.
Bitcoin has added $3,000 since yesterday's low and has overtaken $50k. Ethereum's 6% increase has driven ETH to nearly $1,700.
Signs of recovery within the cryptocurrency market as BTC added more than $3,000 in a day, while ETH jumped by 8% to $1,600.
This week was marked by high correlation between the traditional stock market and cryptocurrencies. Both experienced losses and Bitcoin slips below $50,000.
The high correlation between the US stock market and bitcoin dragged the cryptocurrency down to almost $46,000 as the entire market is in the red.
Despite nearing $53,000 yesterday, bitcoin has failed to sustain its run and has dipped beneath $50,000. This happens as Wall Street also takes a beating.
The crypto market capitalization has remained above $1.5 trillion, while BTC trades around $50,000 once again.
The cryptocurrency market cap has increased by nearly $200 billion in two days as bitcoin jumped to $50,000, while ETH has reclaimed $1,500.
The crypto market cap goes above $1.4 trillion again as BTC has jumped to $46,000, DOT has added 10% of value, and ETH has reclaimed $1,400.
Data suggests that BTC miners have offloaded massive portions of BTC as its price keeps suffering to a low beneath $44,000, ETH lost 35% since reaching ATH 8 days ago.