On July 24 the price of the most popular cryptocurrency Bitcoin has overcome first the psychological mark in $7800, and then in $8000, consolidating the positions that were achieved during the previous week.
At the time of writing this (12:00 GMT+1) the bitcoin price was $ 8 110.79, having risen by 5.50% per day.
The cost of bitcoin is affected by the positive predictions of cryptanalysts and expectations of bitcoin-ETF, the opening of which is scheduled for August 10. In addition, the day before it became known that the first cryptocurrency can get support for the system of partially signed transactions. Senior analyst of eToro Mati Greenspan suggested that the market is on the verge of the largest bull rally.
WHY IS IT IMPORTANT?
1. The market capitalization of the coin exceeded $139bn. The index of market dominance of cryptocurrencies reached the values of December 2017 and now makes 46.9%.
2. Bitcoin overcame the mark of $7,500 over the weekend. At the same time, altcoins’ courses from the top-20 grew. Now most of the cryptocurrencies also follow the dynamics of the BTC.