On the evening of Friday, July 26, the price of the leading cryptocurrency rebounded to the $68,000 level. Over the past 24 hours, the asset has gained 2%.
At the time of writing, Bitcoin is trading at $68,200.
Most digital assets in the top 10 by market capitalization have moved into the “green zone.” Solana (+5%) and Dogecoin (+4.2%) gained the most over the past 24 hours.
The total market capitalization of digital assets stands at $2.55 trillion.
According to Coinglass, the total volume of liquidated positions over the past day amounted to $62 million, with $41 million in shorts.
Previously, analysts at JPMorgan expressed doubts about the sustainability of Bitcoin’s rise. They believe the increase in cryptocurrency prices will be tactical and not the start of a prolonged upward trend.
Earlier, VanEck specialists predicted that digital gold could reach $2.9 million by 2050, driven by its adoption as a global medium of exchange and reserve currency.