Bitcoin returns above $20,000 as Ethereum climbs around 10%

Bitcoin settled above the $20,000 level. Over the last 24 hours, the price of Bitcoin rose by 6%, according to CoinGecko.

At the time of writing, digital gold is trading around $20,370.

Over the last 24 hours Ethereum rose by 9.9%. The second-largest cryptocurrency is trading at around $1,170.

The market recovery comes amid growth toward a new high in the number of non-zero Bitcoin addresses.

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📈 #Bitcoin $BTC Number of Non-Zero Addresses just reached an ATH of 42,349,855

Previous ATH of 42,349,354 was observed on 04 July 2022

View metric:https://t.co/VtoChZbLsa pic.twitter.com/HZasRYlB2l

— glassnode alerts (@glassnodealerts) July 5, 2022

Inflows of Bitcoin to centralized exchanges fell to levels last seen a month earlier.

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📉 #Bitcoin $BTC Exchange Inflow Volume (7d MA) just reached a 1-month low of $29,925,261.70

Previous 1-month low of $30,007,683.07 was observed on 28 June 2022

View metric:https://t.co/dzmYWUYjoL pic.twitter.com/wsv1SqzMu9

— glassnode alerts (@glassnodealerts) July 5, 2022

As of writing, total market capitalization stands at $955 billion (+5.7% over the day). Bitcoin’s dominance index is — 40,6%.

The second quarter of 2022 was Bitcoin’s worst in 11 years. From April through June the first cryptocurrency fell by 56.2%.

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