Cryptocurrency Bitcoin grew by more than 7% per day

The value of the flagship cryptocurrency rose by more than 7% per day, bringing the entire crypto market to a capitalization of $ 1.11 trillion.

According to CoinMarketCap, at 9:59 a.m. today, bitcoin was trading at $ 23,749, which is more than 7% higher than at the same time on July 19 (when BTC was trading at $ 21,747). At the same time, the capitalization of the virtual asset reached $ 449 billion, and trading volumes for the day were recorded at $ 47.33 billion (about 2 million in BTC). At the time of writing, bitcoin is trading at $ 23,423.

The increase in the price of BTC had a positive impact on the value of altcoins: the Cardano cryptocurrency (ADA) rose by 10.75% over the past 24 hours and was trading at $ 0.546 (currently, ADA is trading at $ 0.5324). The value of Elon Musk’s favorite coin Dogecoin (DOGE) has also risen — the meme token has risen by 14.05% over the past 24 hours to trade at $ 0.076 (at the time of writing, DOGE is trading at $ 0.075).

It seems that experts' predictions are starting to come true. Recently, representatives of Finder conducted a survey among 53 cryptocurrency and Web3 experts — 25% of respondents are convinced that bitcoin will recover to $ 25,473 by the end of 2022.