Bitcoin prices surpass the $23,000 level
- July 19, 2022
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On Tuesday, July 19, Bitcoin prices hit a range above $23,000 for the first time since June 14. In the past day, the asset has grown by almost
On Tuesday, July 19, Bitcoin prices hit a range above $23,000 for the first time since June 14. In the past day, the asset has grown by almost 3.5%, with the cryptocurrency trading around $23,210 at the time of writing.
Following the flagships, all cryptocurrencies in the top 10 with capitalization moved to the green zone. Solana showed the best dynamics – the price of the asset increased by more than 10.5%.
Its total market capitalization has approached $1.1 trillion. Bitcoin dominance index was 40.3%.
According to Glassnode, the MVRV Z-Score has been below zero since June 13. This indicates that the market cap of bitcoin is lower than realized. Historically, this indicates a potential market bottom.
Glassnode analysts also noted signs of a bitcoin-generated bottom. Experts pointed out that long-term investors are resuming cryptocurrency accumulation and hodlers are not trying to get rid of their coins.
The “Fear and Greed Index” hits 30, marking an improvement in investor sentiment. On June 18, the indicator dropped to an extremely low level of 6 for the first time since August 2019.
Recall that Grayscale Investments allowed the completion of the crypto winter by the end of March 2023.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
