{"id":52436,"date":"2021-10-12T03:18:53","date_gmt":"2021-10-11T23:18:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52436"},"modified":"2021-10-12T03:19:00","modified_gmt":"2021-10-11T23:19:00","slug":"bitcoin-climbs-above-57000","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-climbs-above-57000\/10\/12\/market-updates\/","title":{"rendered":"Bitcoin climbs above $57000"},"content":{"rendered":"\n<p>Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.<br><br>The largest cryptocurrency rose for the first time since May extending its two-week rally. It\u2019s up over 30% in October, currently trading at around $57187.<br><br>Bitcoin\u2019s surge is due to two reasons, including hope that Bitcoin futures ETF could be approved by the Securities and Exchange Commission soon.<br><br>The other reason lies in a state of excitement following Federal Reserve Chair Jerome Powell\u2019s statements that there is no intention to ban Bitcoin in the States. Powell\u2019s statements raised investors\u2019 confidence in cryptos.<br><br>Other crypto coins jumped as well this week, including meme-coin shiba inu, which aims to compete with dogecoin. Shiba is currently ranked No. 16, while dogecoin is ranked No. 10.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin climbed above $57000 on Monday as it continues to dominate institutional capital flows and traders resume push for record highs.The largest cryptocurrency rose for the first time since May extending its two-week rally. It\u2019s up over 30% in October, currently trading at around $57187.Bitcoin\u2019s surge is due to two reasons, including hope that Bitcoin &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,37,36],"tags":[7542,6904,6903,7308,6885,7163,7743],"class_list":["post-52436","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-forex-markets","category-market-updates","tag-ban","tag-bitcoin","tag-cryptocurrencies","tag-dogecoin","tag-fed","tag-jerome-powell","tag-shiba-inu"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52436","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52436"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52436\/revisions"}],"predecessor-version":[{"id":52440,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52436\/revisions\/52440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51689"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}