Bitcoin (BTC) price surged by $3,000 to over $55,200 in about an hour on Wednesday, reaching the highest level of the past five months.
- The 8.32% increase in the price in 24 hours brought the market value of bitcoin (BTC) back to over $1 trillion.
- According to CoinGecko data, while ether (ETH) gained 2.8% and XRP 1.6% in the same time period; ADA and SOL prices decreased by 0.4% and 4.9%.
- In the hours when the crypto market is in motion, ADP private sector employment in the USA is in September. 568 thousand reported to increase. The expectation of the private sector was that the increase would be at the level of 430 thousand.
- In addition, US President Joe Biden will meet with names such as JPMorgan CEO Jamie Dimon, Intel CEO Pat Gelsinger, Bank of America CEO Brian Moynihan, Nasdaq CEO Adena Friedman to discuss the debt limit issue.
- Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), announced yesterday that they do not plan to ban cryptocurrencies, similar to Fed Chairman Powell’s statement.
- According to CryptoQuant CEO Ki Young Ju, the ‘whale(s)’ were released on Wednesday. $1.6 billion in five minutes bought bitcoin.
The article titled Bitcoin Exceeded $55,000 and Reached the Peak of 5 Months was prepared by Ömer SAKMAR and published on koinbulteni.com.