On Thursday, July 7, the price of the first cryptocurrency surpassed the $21,000 level. In the last 24 hours, the asset rose by 4.4%, according to CoinGecko.
At the time of writing, Bitcoin is trading near $21,050. As shown in the chart below, the price rise is accompanied by a surge in trading volume.
Ethereum price over the last 24 hours rose by 7.7% and at one point surpassed the $1,230 level.
Following the majors, crypto assets in the top-10 by market capitalization moved into the green zone. At the time of writing, the exception was the stablecoin BUSD.
The total market capitalization is $986 billion (+3.9% over the past 24 hours). BTC dominance index — 40.8%, ETH — 14.9%.
According to ForkLog report, some on-chain data in June signaled a favorable time to buy the first cryptocurrency.
Earlier, the second quarter of 2022 proved to be the worst for bitcoin in 11 years. From April to June the asset fell 56.2%.
In July, Bloomberg Intelligence commodities strategist Mike McGlone predicted a rise in bitcoin over the next six months.
Earlier, Deutsche Bank analysts allowed for a recovery to $28,000 by the end of 2022, to $28,000.
For information on where to track cryptocurrency prices, read in the educational cards.
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