Bitcoin tested the $50,000 level, where it last traded in early September.
The screenshot below shows that the price has yet to settle above this psychological level.
The rally in BTC revived the broader market. The following shows the top ten by market capitalization:
Among the top ten, only Dogecoin is ahead of digital gold in terms of daily growth.
According to Glassnode, the number of active Bitcoin addresses reached a three-month high.
📈 #Bitcoin $BTC Number of Active Addresses (7d MA) just reached a 3-month high of 51,988.173
View metric:https://t.co/SUxtdZ0Wuc pic.twitter.com/3iHlqnQfqZ
— glassnode alerts (@glassnodealerts) October 5, 2021
Max Kaiser, a television host and founder of Heisenberg Capital, predicted Bitcoin would reach $220,000 in the second half of 2021.
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