Will Bitcoin be able to reach $24,000 today?
The current week started with a strong strengthening of the stock market. Cryptocurrencies, like other risky assets, were also able to attract capital.
Bitcoin has tested values above $22,000 for the first time since the beginning of June. The night before, the coin overcame resistance around $23,000.
On Wednesday, July 20, the BTC exchange rate strengthened to $23,389. During the week, the capitalization of the leading digital currency increased by more than 20% to $446.048 billion.
Altcoins today demonstrate multidirectional dynamics. The most productive over the past seven days was ether (ETH). This coin soared 48% to $1,561. Binance Coin (BNB) and Dogecoin (DOGE) rose to $268.15 and $0.07, respectively.
Cardano (ADA), Solana (SOL) and XRP, on the contrary, fell to $0.524, $45.29 and $0.376. The capitalization of the crypto market is just over $ 1.055 trillion. Together with digital currencies, shares of mining companies were able to win back positions this week.
We have returned to the accumulation zone, which can lead the market to new heights, says Eric Peters, founder of One River Asset Management.
In his opinion, it is better to buy now rather than sell, because after the consolidation is completed, BTC and altcoins will resume the offensive.
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