On July 7, Bitcoin broke above the $21,000 mark again. According to Coingecko, the asset has gained 4.4% in the last 24 hours.
As of this writing, bitcoin is trading at around $21,050. As you can see in the chart below, an increase in price is accompanied by a large increase in trading volume.
In turn, the Ethereum price rose by 7.7% in the past 24 hours and temporarily broke above the USD 1230 level.
Virtually all of the top ten cryptocurrencies by capitalization are green today. As of this writing, the only exception is the BUSD stablecoin.
Total market capitalization is now $986 billion (+3.9% intraday). The BTC dominance ratio is 40.8% and ETH - 14.9%.
As a reminder, the second quarter of 2022 was the worst for bitcoin in 11 years. During the April-June period, assets decreased by 56.2%.
In July, Bloomberg Intelligence commodity strategist Mike McGlone predicted that bitcoin would rise over the next six months.
With the Bloomberg Galaxy Crypto Index approaching a pullback similar to the 2018 low and #Bitcoin resetting its 50 and 100 week moving averages similar to the old foundations, risk vs. the reward leans towards reactive investors in 2H.
Experts from Deutsche Bank they allowed before the price of digital gold will return to $28,2022 by the end of XNUMX.
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