Bitcoin Has Risen In Price By 7% In A Day

The cost of the leading cryptocurrency, Bitcoin, increased 7% over the past day from July 19 to July 20, 2022. As of 9:45 am Moscow time, BTC was trading at $23,645, up 7.39% from the same day ago. At the same time, the capitalization of the virtual coin reached $452.09 billion, and the daily trading volumes were fixed at $47.43 billion, or more than 2 million BTC.

Analysts noted that thanks to the growth in the value of the flagship cryptocurrency, the entire market reached a capitalization of $1.11 trillion. The appreciation of the leading digital coin was reflected in the price of other virtual assets.

For example, Cardano (ADA) has risen in price by 11.51% over the past 24 hours, breaking the critical resistance level by $0.5. The virtual coin was trading at $0.536. Its total market supply reached $18.13 billion.

Also, among the cryptocurrencies included in the top 10 rating by market capitalization, Dogecoin (DOGE) has thoughtfully added in price. The popular meme token has risen in price by 8.15% over the past 24 hours to $0.071, while the total supply of coins reached $9.51 billion.

A good result was also recorded for the Ripple (XRP) cryptocurrency. Its value added 6.51%, which brought a good income to short-term investors. The price of one token is $0.38, and the capitalization is $18.38 billion.

Experts noted that the cryptocurrency market is now in bullish momentum and expressed their expectation of further growth in the value of leading digital assets.