{"id":325980,"date":"2021-08-16T22:06:29","date_gmt":"2021-08-16T19:06:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cryptocurrency-market-tops-2t-as-bitcoin-price-surges\/"},"modified":"2021-08-16T22:06:29","modified_gmt":"2021-08-16T19:06:29","slug":"cryptocurrency-market-tops-2t-as-bitcoin-price-surges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cryptocurrency-market-tops-2t-as-bitcoin-price-surges\/","title":{"rendered":"#Cryptocurrency market tops $2T as bitcoin price surges"},"content":{"rendered":"<p>&#8220;<strong>#Cryptocurrency market tops $2T as bitcoin price surges<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the price of bitcoin and other digital coins. <\/p>\n<p>The price of bitcoin rose higher than $48,100 at one point on Saturday, its highest level since May 17, according to data from Coinbase. <\/p>\n<p>It had pared some of its weekend gains on Monday, with the digital token last seen trading at about $46,500 per coin, up almost 1 percent from 24 hours earlier. <\/p>\n<p>The price of bitcoin is still almost 32 percent lower than its peak of more than $64,000 per coin that it saw in mid-April, but the crypto has seen a rally of about 46 percent from a month ago when it had dropped to about $30,000 per coin.<\/p>\n<p>Other cryptos also helped push the broader market up past $2 trillion. Binance coin, which has a market cap of $71.4 billion, traded 4 percent higher on Monday at $424.60 per coin, according to Coinbase.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-002.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Surges in the price of bitcoin and other digital coins helped the value of the cryptocurrency market move past $2T for the first time since May.\" class=\"wp-image-19146452\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-002.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-002.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-002.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Surges in the price of bitcoin and other digital coins helped the value of the cryptocurrency market move past $2T for the first time since May.<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Dado Ruvic<\/span><\/figcaption><\/figure>\n<p>Dogecoin was last seen trading more than 8 percent higher, at 33 cents per coin. <\/p>\n<p>The crypto market has faced a number of hurdles since enthusiasm in the sector peaked in the spring. <\/p>\n<p>Renewed scrutiny from the Chinese government of cryptocurrencies and specifically bitcoin mining \u2014 the energy-intensive process of producing new bitcoins and verifying transactions of the current supply of bitcoins \u2014 has pressured prices in recent weeks.<\/p>\n<p>More recently, the US Senate last week passed a version of the $1.2 trillion infrastructure bill that did not have any of the proposed amendments on crypto tax reporting that had been a major point of contention in the industry. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-004.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"While bitcoin hit $48,100 it saw its peak price of $64,000 of coin in April.\" class=\"wp-image-19146453\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-004.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-004.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-004.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>While bitcoin hit $48,100, the coin saw its value peak at $64,000 per coin in April.<\/figcaption><figcaption><span class=\"credit\">AP\/Rick Bowmer<\/span><\/figcaption><\/figure>\n<p>That was seen as a blow to the sector, as it could place more tax regulations on the industry, though some industry advocates said it\u2019s a sign the government is taking the explosive growth in the sector seriously.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/08\/16\/cryptocurrency-market-tops-2t-as-bitcoin-price-surges\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Cryptocurrency market tops $2T as bitcoin price surges&#8221; The total value of the entire cryptocurrency market shot past $2 trillion over the weekend for the first time since May, fueled by a renewed surge in the price of bitcoin and other digital coins. The price of bitcoin rose higher than $48,100 at one point on&#8230;<\/p>\n","protected":false},"author":1,"featured_media":325981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/08\/Bitcoin-002.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,114327,76127,70610],"class_list":["post-325980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-8-16-21","tag-cryptocurrency","tag-finance"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/325980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=325980"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/325980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/325981"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=325980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=325980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=325980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}