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Bitcoin grabs the yellow jersey so far today

06 Sep, 2021

The weekend rebound to above $4000 in Ether surely grabbed the headlines, but in most recent trade it is its lead counterpart that has grabbed the gains. Bitcoin has lifted clear of 50k in Asian trading today. That was not the case last week as the lead cryptocurrency struggled to hold a move above that level. No matter though, because today it has finally extended the move and that has seen it rise close to 52k so far. The move higher in BTC has seen a gain for it versus Ether too. Last week it continued to trail in the wake of Ether, but as the new week gets under way BTC has managed to win back some lost ground. Naturally, it still has a long way to go before it can challenge its 2021, and record highs above 64k. However, the majority of the pundit talk has turned positive in recent sessions, so further immediate upside might not be such a surprise, provided it can of course hold ground above that 50k level on a more sustained basis. Bitcoin is currently trading at 51,795

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