One of the most popular cryptocurrency Bitcoin on Thursday has opened in gains and was trading at USD 47,907, rising up1.58 percent.
The global market capital of the virtual currency was floating around USD 901.478 billion.
As per to virtual market analysts and media reports, the cryptocurrency Bitcoin is on the verge of making a ‘Golden Cross’ on the daily chart for the first time after forming a ‘Death Cross’ in June.
A ‘Golden Cross’ is a term used by technical market analysts that refers to a crossover of two key simple moving averages that is the 50-day moving average over the 200-day moving average.
According to Tradingview website, until Tuesday evening, Bitcoin’s 50-day moving average firm at USD 45,802 whereas the 200-day moving average stood at USD 45,875.
Meanwhile, Bitcoin rival Ethereum was trading at USD 3,590.02, surging over 5 percent and its the global market capital stood at USD 421.5 billion.
Cardano was trading at USD 2.45, rising 2.18 percent over previousday decline of 3 percent.
Dogecoin was trading at USD 0.2436 or decline of 1.05 percent in 24 hours.
The global crypto market capital stood at USD 2.18 trillion, that is a 3.02 percent increase over the 24 hours.
The total cryptocurrency market volume over the last 24 hours is USD 100.15 billion which is a decline of 10.05 percent.