March 29, 2024

Bitcoin rate increased by 7% per day and reached $ 11,000

Bitcoin rate increased by 7% per day and reached $ 11,000

For the first time since mid-August 2019, Bitcoin (BTC) is testing values ​​above $11,000. Today, July 28, Bitcoinhas rapidly risen in price to $ 11 400. During the day, its exchange rate increased by 7%, and after a decline in March to $ 3800 - by 200%. The trading volume of the asset in 24 hours increased by 45% to $ 35 billion. The share of BTC in the market rose to 63%.

At the time of publication of this review, the largest digital currency reached $ 11,009, its market capitalization exceeded $ 202.9 billion (+ 8%).

On some trading floors, the coin was approaching $ 11,400. Then, traders moved on to consolidate profits, which led to a correction in the price of the cryptocurrency.

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In the expert environment, positive sentiments now dominate. Many predict that Bitcoin will be able to hit an annual high of $ 12,000 over the next two sessions.

Key support is at $ 10,500, so even if the correction continues, it is unlikely that we will see BTC drop below this mark.

Morgan Creek co-founder Anthony Pompliano recently recalled that since the beginning of the year, Bitcoin has risen in price by 35% and the potential for maintaining upward momentum has not yet been exhausted.

Altcoins showed different dynamics.For example, the Ethereum cryptocurrency, which yesterday rose in price more than others, is now falling in price by 2%, to $318. The Cardano token lost the same amount of value. At the same time, the price of Litecoin, Bitcoin Cash and Bitcoin SV increased by 8-9%.

Of the top 100 cryptocurrencies by capitalization, THORChain showed the greatest growth — 18%. Ampleforth fell in price the most - by 22%. The capitalization of the entire digital asset market has reached $322 billion.

At the beginning of July, managing partnerBlockchain startup Nexo Anthony Trenchev said that Bitcoin will rise to $50,000 within a few months. Cryptocurrency will rise in price due to its distribution in society and limited emission.

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