Ethereum is entering the market nicely

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Bitcoin rose from $ 50,000 in Asian trading on Thursday, offsetting some of the 17% loss it incurred after Elon Musk said on Twitter that Tesla would stop accepting payments in cryptocurrency for its cars.

The price of the largest cryptocurrency in the world fell from about 54,819 dollars to 45,700 dollars, its lowest level since the first of March, less than two hours after the tweet after 22:00 GMT.

Almost half of those losses were compensated in early Asian trading, and were in the latest transactions at 51,99 dollars.

Ethereum, which is the second largest cryptocurrency in the world, followed the same path, dropping 14% to touch a low of $ 3,550 before increasing again from the level of $ 4 thousand.

And according to the latest data released by Coinmarketcap yesterday, Ethereum now has a market capitalization of over $ 500 billion. And by that, it became the second cryptocurrency in the world to reach this market value.

Ethereum is now more valuable than the world's leading investment bank JPMorgan, JPMorgan Chase's total market cap is currently around $ 480 billion.

Ethereum has witnessed a rally since the start of 2021, and the cryptocurrency surpassed the market value of Bank of America and PayPal earlier this year.

Currently, Ethereum dominates 19.6% of the cryptocurrency market, its highest level ever.

Almost half of those losses were compensated in early Asian trading, and were in the latest transactions at 51,99 dollar its lowest level since the first of March, less than two hours after the tweet after 22:00 GMT.

finally again musk and Bitcoin rose from $ 50,000 in Asian trading on Thursday, offsetting some of the 17% loss it incurred after Elon Musk said on Twitter that Tesla would stop accepting payments in cryptocurrency for its cars.

so we are waiting

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