As a result of the past week, the coins in the top 10 largest cryptocurrencies by market capitalization demonstrated positive dynamics.
Bitcoin ($BTC ) showed an impressive rally this week. In the evening of July 9, it reached a new ATH around $112,000, but did not stop there. By the end of the work week, BTC pleased investors with a new high, significantly exceeding $118,000. Against the backdrop of the rally, liquidations worth over $1.25 billion occurred in 24 hours. Of this amount, $1.12 billion was related to short positions. After the new ATH, Bitcoin stabilized at high levels. According to Coinmarketcap, at the time of writing, BTC was trading around $118,707, with a week-on-week increase of 9%. Also read why Bitcoin is waiting for July 15 — forecasts and levels to watch.
Ethereum ($ETH ) also showed recovery. It finally exceeded the $3,000 mark that it had struggled with for several months. However, analysts are not sure it can hold above this level. Unlike BTC, it ends the week with a more significant increase of 17%. At the time of writing, the token was trading around $2,986.
Meanwhile, for the second week in a row, the Cardano token ($ADA ) has surged to the top of the growth leaders. At the time of writing, it was trading, according to Coinmarketcap, around $0.7390 with a week-on-week increase of 26.22%.
