Bitcoin Soars To $50,000, Cardano Reaches Another All-Time High

Bitcoin (BTC) hit $50,000 for the first time since May 15 at 2:41 (UTC) on the Bitstamp exchange. According to CoinMarketCap data, the market capitalization of the largest cryptocurrency is approaching the $1 trln mark and at the time of writing is $944 bln.

Cardano's price has surged 12% in the past 24 hours, hitting a new all-time high of $2.84. Last week, ADA overtook Binance Coin (BNB) and is now the third largest cryptocurrency by market capitalization.

Cardano is gaining traction on social media platforms and it seems like it's only a matter of time before the cryptocurrency crosses the $3 mark. Network data provider Santiment says this is possible amid growing investor euphoria.

Image: Capital Com