📊 Bitcoin's price is stuck in place: what's happening in the crypto market?
The cryptocurrency market is experiencing stagnation: the price of Bitcoin (BTC) has remained in a narrow range of $100,000–$110,000 since mid-May. As of the morning of July 9, the price of the first cryptocurrency was about $108,800. Exceptions included a spike to $112,000 on May 22 and a drop to $99,000 on June 22. Over the past day, Bitcoin has increased in price by 0.2%, and the market capitalization of BTC reached $2.16 trillion.
In addition, the price volatility of the leading cryptocurrencies is at a low level. However, experts expect increased market activity with BTC rising above $110,000. Meanwhile, Ethereum (ETH) has risen by 2.5% and is trading around $2,620, while the total market capitalization of cryptocurrencies has increased by 0.8%, amounting to $3.37 trillion.
In other news, the Crypto.com Cronos (CRO) token has become a leader in growth, increasing by 18% after news of a possible launch of an exchange-traded fund including this asset. At the same time, the meme coin Bonk (BONK) has decreased in price by 7.5%, despite a strong weekly growth of 52%.
The fear and greed index reached 66 points, indicating investor interest in purchases. Analysts predict that gradual growth of altcoins can be expected in the coming weeks.
#cryptocurrencies #bitcoin #Ethereum #altcoins #cryptomarket #investments #trading #БЛОКЧЕЙНАХ
