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Bitcoin quotes overcame $ 23,000
On Tuesday, July 19, bitcoin quotes reached a range above $ 23,000 – for the first time since June 14. Over the past day, the asset has grown by almost 3.5%, at the time of writing cryptocurrency is traded near $ 23,120.
Following the flagships, all cryptocurrencies from the top 10 according to capitalization passed into the green zone. Solana showed the best dynamics – the price of the asset increased by https://gagarin.news/ more than 10.5%.
The total cost of the market has approached $ 1.1 trillion. Bitcoin dominance index amounted to 40.3%.
According to Glassnode, the MVRV Z-Score indicator from June 13 is below the zero level. This indicates that the market value of bitcoin below realized. Historically, this indicates the potential bottom of the market.
Glassnode analysts also noted signs of the formation of the bottom with bitcoin. Experts pointed out that long -term investors resumed the accumulation of cryptocurrency, and Kholesu do not seek to get rid of their coins.
“Index of fear and greed” reached level 30, which indicates an improvement in the mood of investors. On June 18, the indicator dropped to an extremely low mark of 6 – for the first time since August 2019.
Recall that Grayscale Investments allowed the completion of cryptosims by the end of March 2023.
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