The price of Bitcoin
Today, on July 12, 2024, there has been a significant recovery in the price of Bitcoin, bringing it closer to the $100 level. Yesterday, Bitcoin reached the $102 zone but failed to sustain its upward movement and dropped back to the $99 level.
In a surprising turn of events this week, Bitcoin experienced a remarkable price surge, surpassing its all-time high (ATH) and reaching $103,679. This milestone has made Bitcoin the 10th largest currency in the world. Furthermore, the largest cryptocurrency in the market has seen a 33% growth in the past 30 days alone.
According to cryptocurrency analyst Ali Martinez, whales (large investors) are accumulating Bitcoin at an exponential rate during this bullish market. Martinez stated, “Bitcoin whale accumulation is going parabolic. They just bought another 20,000 BTC in the last 24 hours, valued at $2 billion!”
At the time of publication, the price of Bitcoin was quoted at US$99,816.65, representing a 1.9% increase in the last 24 hours. This is equivalent to approximately R$607,721.66 BRL and €94,429.19 EUR. Over the course of the week, the asset has shown a slight growth of 3.3%.
Similarly, following Bitcoin’s recent movement, most major cryptocurrencies have also experienced significant price gains in the last 24 hours. Ethereum is trading at $4,008.18 with a 3.7% decrease in its price. XRP is trading at $2.44 with a 7.6% increase. Cardano has increased by 4.3% and is now priced at $1.21. Solana has risen by 2% and is trading at $239.04.
Among the top 100 cryptocurrencies, the Bitget Token (BGB) stands out with the highest increase in value. At the time of publication, the price of BGB was quoted at US$2.88, reflecting a 21.9% increase in the last 24 hours. In just seven days, the token has shown a growth of 77.1%.
Tags:
Bitcoin (BTC)
Cryptos