After charting a $3,000 surge in a day, BTC continued somewhat up-wards again in the previous 24 hours and reached a weekly high at roughly $33,000. Many alternative coins are in the green as well, with ETH nearing $2,100 and Polkadot registering a 7% increase.
Bitcoin Touched $33K
After the Monday crash in which the main cryptocurrency dumped below $30,000, the bulls have actually kept total control over the market. They firstly pressed the asset above that coveted level prior to positive news originating from Elon Musk propelled another upper hand.
As reported, the CEO of Tesla and SpaceX said he personally owns BTC, ETH, and DOGE, and two of the business he runs likewise hold bitcoin. As a result, BTC went on a tear and took off by more than $3,000 in just a day.
After a short retracement, the bulls drove the property north again hours earlier, and it went to just shy of $33,000 (on Bitstamp). This became its highest price line because July 15th.
As a result, bitcoin’s market capitalization has remained above $600 billion, but its supremacy has actually decreased slightly to 45.5% as some altcoins have outperformed it in the past 24 hours.