Crypto news: Santa rally in full swing, bitcoin above $51,000

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Santa rally in the cryptocurrency market is in full swing, as bitcoin (BTC) was trading above $51,000 in London early trading, finally breaking through $50,000 after resisting the mark for two weeks. 

The whole market with digital tokens advanced by a handsome 5.56% in the last 24 hours.

Altcoin Polygon (MATIC) reached its record high of $2.73, on the back of recent integrations news.

On Wednesday, Uniswap, a decentralised cryptocurrency exchange, announced its v3 contracts have been deployed on Ethereum scaling solution Polygon.

Earlier this week, web browser Opera said it would integrate with Polygon: “The integration is set to occur in Q1 2022 and will enable millions of Opera users in-browser access to over 3,000 decentralised apps (dapps) on the Polygon network. The Opera crypto wallet, which is built into the browser, will also allow them to transact with MATIC,” the web browser provider said in a statement

Quote of the day:

El Salvador’s president Nayib Bukele, speaking on his country’s adoption of bitcoin as legal tender, said

“What has been called by international organisations as “the bitcoin experiment”, is nothing more than the world watching how mass adoption changes a country’s economy.
If it’s for the good, it’s game over for FIAT.
El Salvador is the spark that ignites the real revolution.”

Round-up of coins by market capitalisation

As of 08.45 GMT:

Winners and losers

  • Terra (LUNA) added an impressive 54.45% in the last seven days of trading

Read more: Ripple chief defends crypto “Wild West” in “best year ever”

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Read More: Crypto news: Santa rally in full swing, bitcoin above $51,000

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