Week in Review: Bitcoin surpasses $24,000, and Vauld owes creditors $402 million

Bitcoin price climbed above $24,000, the crypto-lending platform Vauld owed $402 million to creditors, Tesla sold 75% of its BTC, and other events from the week just ended.

Bitcoin clears the $24,000 level

On July 19, the price of bitcoin broke through the $23,000 mark, and the following day it rose to a summer-high level above $24,000. The Ethereum market also saw a local rally — trading periodically above $1,600.

According to Glassnode analysts, after waves of capitulations in May–June 2022, bitcoin quotes have been below the realized price for a month. Analysts noted this as a sign of a bottom forming.

At the time of writing, Bitcoin was around $22,731, and Ethereum around $1,595.

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All top-10 assets by market capitalization ended the week in the green. Ethereum led the gains, rising 17.5% over the seven days.

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Total market capitalization of the crypto market exceeded $1 trillion. Bitcoin’s dominance index fell to 39.9%.

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