BTC/USD: the price of the cryptocurrency went up
Over the past 24 hours, the price of bitcoin has exceeded $22 thousand. The growth of the bitcoin quotation began on Thursday, July 7, when the price reached $21,000.
According to analysts, the asset has grown by more than 4%. It is worth noting that the price increase is followed by a surge in trading on the stock exchange.
Source: WhiteBit
In addition to bitcoin, the second global cryptocurrency – Ethereum, also went up. During the day, the asset has gained more than 7% and is now worth over $ 1,200 per coin.
Other cryptocurrencies from the top 10 list also began to grow. Now the total capitalization of the cryptocurrency market is approaching a trillion dollars and amounts to $986 billion. There is an increase of +3.9% over the day. In trading transactions, the dominance index of BTC is 40%, and ETH is 14.9%.
Previously, the founder of ARK Invest – Catherine Wood, noted that the market is expected to be bullish, and this June, some on-chain data showed a favorable time to buy bitcoin.
Also, MicroStrategy CEO Michael Saylor said at the time that bitcoin was more of a long-term investment than a short-term income opportunity. He noted that despite the fall in the price of bitcoin, his company would not sell assets, as these are temporary indicators.
It is worth noting that the second quarter of this year was the most difficult for bitcoin in the last decade. The price of the cryptocurrency fell to a record-low level, showing a 56.2% drop in price, and market capitalization fell from the trillion-dollar mark for the first time in a long time.
Bitcoin is currently trading at $21,701 and Ethereum is trading at $1,230 per coin.
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