Bitcoin managed to rise to $ 29,000 for the first time in a month and a half — the growth was $ 2000 per day

The flagship cryptocurrency has managed to rise to $ 29,000 for the first time in a month and a half. The growth of BTC $98,197.87 Bitcoin -0.26% Market capitalization $1.94 trillion VOL. 24 hours $2.45 billion was more than $ 2,000 per day.

At the time of writing, bitcoin is trading at $ 29,046. The total market capitalization of cryptocurrencies increased by 5.4% to $ 1.18 trillion over the day, with a daily trading volume of $ 51.5 billion. All cryptocurrencies from the top 100 showed an increase in price, except for stablecoins.

Ethereum rose by 5.7% in 24 hours to reach $ 1832, Polygon (MATIC) — by 6.7% to $ 0.64, Cardano (ADA) — by 7.3% to $ 0.27.

The Fear and Greed Index rose from 49 to 59 points out of 100. For the first time since May 8, the indicator has moved out of the neutral sentiment range and into the «greed» zone. This indicates an increase in market participants' interest in buying cryptocurrencies.

It is worth noting that bitcoin and leading altcoins have grown despite the pressure from the US Securities and Exchange Commission (SEC) on the crypto market. In early June, the regulator filed charges against two of the largest crypto exchanges — Binance and Coinbase. At the same time, the SEC has started to expand the list of cryptocurrencies that it considers to be illegally issued securities. It has already included Cosmos (ATOM), Binance Coin (BNB), and Solana (SOL).