On Monday, July 18, prices of the first cryptocurrency exceeded $22,000. According to CoinGecko, the asset grew 4% in the past day.

At the time of writing, Bitcoin is trading around $22,200.

The second-largest cryptocurrency by capitalization rose 6.6% in the past day. Ethereum is currently holding above $1450.

Following the flagships, all crypto assets in the top 10 with capitalization have been moved to the green zone. Its total market capitalization has exceeded $1 trillion. BTC dominance index – 40.1%, ETH – 16.5%.

After the release of the US inflation report on July 13, the bitcoin price tumbled below $19,000, but at the end of last week the asset rebounded and surpassed the $21,000 mark on July 17.

On the same day, Ethereum offerings tested a range above $1,400 during the upcoming blockchain transition to the Proof-of-Stake (PoS) consensus algorithm.

Earlier, during the next call, the leading developers tentatively confirmed the merger of the mainnet with the Beacon Chain signaling network on September 19, 2022. The final date will largely depend on the Goerli testnet transition to PoS, scheduled for August 11.

Recall that according to Coinglass, the second quarter of 2022 was the worst quarter for digital gold in the last 11 years. The asset fell 56.2% from $45,000 to $19,884.

According to Mike Novogratz, head of Galaxy Digital, the stagnation in the cryptocurrency market will continue for about 18 more months, and the industry will see the first signs of recovery after monetary policy loosening. fed.

Anticipating the 2007 mortgage crisis, investor Michael Burry predicted an ongoing decline in bitcoin price.

Most of the investors polled by Bloomberg thought that the first cryptocurrency was more likely to drop to $10,000 rather than rise to $30,000.