Bitcoin reaches its highest level since mid-June

For the first time since mid-June of this year, the flagship cryptocurrency has managed to reach a significant level of $ 22,000. Over the past few days, the value of bitcoin has risen by almost 10%, and the asset has been in the green zone for several days in a row. Against this backdrop, most altcoins are confidently strengthening their positions, and the total capitalization of the crypto market is approaching $ 1 trillion.

Many experts are divided on the current situation. Galaxy Digital CEO Mike Novogratz recently suggested that bitcoin will continue to move towards consolidation for some time. He also did not rule out the possibility of a decline given the unfavorable macroeconomic environment.

Craig Johnson of Piper Sandler Companies believes that the bullish correction in the market is a positive factor. If BTC quotes remain above $ 26,000, we can expect the upward trend to continue.

At the moment, the value of the No. 1 cryptocurrency is $ 21,500.