bitcoinBTC/USD
$ 21,267.70
ethereumETH/USD
$ 1,690.65
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.461757
xrpXRP/USD
$ 0.343137
usd-coinUSDC/USD
$ 0.99975

Bitcoin Reaches Five-Week High, Rising Up 7%

Granit.M

By market cap, the most valuable cryptocurrency in the world is Bitcoin (BTC), which has increased 7% in the last day to reach $23,369.

Bitcoin (BTC) is still trading at levels last seen on June 13th, even though this is a small drop from the early-morning Wednesday daily high of $23,759.

The leading cryptocurrency is also up 17% in the previous week, with the most recent price movement occurring amid rising trade volumes.

On Tuesday, up to $48.7 billion in Bitcoin (BTC) were traded across crypto exchanges, with the value rising to more than $47.3 billion in the last 24 hours.

In contrast, daily trade volumes were at their lowest point since the year began at the beginning of the month, at barely $16.3 billion.

The bullish breakout occurs when cautious optimism slowly returns to international markets. July 12 saw a strong increase in the price of U.S. equities as additional businesses, such as toy-maker Hasbro, pharmaceutical behemoth Johnson & Johnson, and oilfield services company Halliburton topped earnings expectations.

Shares of companies focused on cryptocurrencies also increased on July 12, with MicroStrategy climbing more than 18% to $267.17 and Coinbase rising 12.2% to $65.83. Other prominent gainers in the cryptocurrency market are the meme coins Dogecoin (DOGE) and Shiba Inu (SHIB), which have had daily gains of 13% and 11%, respectively.

Ethereum’s (ETH) recent run that sent the price of the second-largest cryptocurrency above $1,600 on Tuesday has since cooled down, and it is currently trading at $1,531, down 0.04 % on the day.

Also read:

Related News

Ethereum’s Last Test Run Before the Biggest Crypto Event is Over.

The last practice run for Ethereum’s long-awaited update, which has been touted as one of the most significant events in the history of cryptocurrencies, was just completed.  The so-called proof-of-work technique has been used for mining Ethereum since the cryptocurrency was launched about a decade ago. It needs an excessive amount of energy as well as the solving of difficult mathematical problems by an enormous number of competing machines. The

Read More »

More trouble for Coinbase as the US Supreme Court rejects its appeal

The SEC is investigating Coinbase, the largest cryptocurrency exchange in the US, for allegedly listing securities on its platform. The Supreme Court’s denial of the exchange’s plea has caused yet another major problem. According to Bloomberg, the US Supreme Court rejected Coinbase’s request to submit its user disagreement to arbitration right now. It was said that the court’s request for the justices to intervene in the case was rejected. The

Read More »

Hodlnaut Has Become the Latest Crypto Lender Platform to Block Withdrawals

The cryptocurrency lending platform Hodlnaut, which is headquartered in Singapore, has halted withdrawals, token swaps, and deposits, blaming “current market circumstances.” This makes Hodlnaut the latest in a series of cryptocurrency companies to go out of business since May. According to the notice made on Monday, the business also stated that it will revoke its registration with the Monetary Authority of Singapore (MAS) to provide digital token payment services. According

Read More »

My Coins

bitcoinBitcoin
$ 21,267.709.24%
ethereumEthereum
$ 1,690.6510%
cardanoCardano
$ 0.46175713.16%
tetherTether
$ 1.000.08%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]