Despite the recent volatility, bitcoin has managed to sustain above the coveted $20,000 line. Most altcoins are also slightly in the green today, with ETH spiking towards a near 10-day high at $1,200.<\/p>\n
Bitcoin Bitcoin Sustains Above $20K<\/h2>\n
Last week ended on a highly volatile note in which bitcoin skyrocketed by over $2,000 in minutes to just under $21,000. However, that turned out to be a fake breakout as the cryptocurrency retraced just as quickly.<\/p>\n
Following such enhanced price fluctuations, the asset calmed at around $19,000 when the weekend came, and given the fact that July 4 was the national US holiday, not much happened in terms of price action on Monday either.<\/p>\n
The landscape changed on Tuesday when BTC spiked to and beyond $20,000 before experiencing another roller-coaster<\/a>, in which it dropped to $19,250 and shot back up to $20,600.<\/p>\n Following another retracement to sub-$20K levels, bitcoin jumped back above that line and remains there as of now. As such, its market cap is close to $400 billion, while the dominance over the alts sits tight at 42.4%.<\/p>\n Most altcoins also went through similar price movements lately but are slightly in the green on a daily scale.<\/p>\n Ethereum stands tall with a 3% increase since yesterday. Moreover, the second-largest asset jumped to just over $1,200 hours ago, which became a 9-day high. As of now, though, ETH trades just under that level.<\/p>\n BNB, Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, and Avalanche have charted insignificant daily increases. TRON, on the other hand, is just slightly in the red.<\/p>\n Most lower- and mid-cap altcoins are also quite still on a daily scale. As a result, the overall market cap of all crypto assets stands calm at just over $900 billion.<\/p>\n The CEO of FTX – Sam Bankman-Fried – said<\/a> his company still has “a few billion” left to bail out other struggling crypto firms.<\/p>\n One of the companies that Elon Musk runs – Boring – will start accepting<\/a> Dogecoin (DOGE) for various payments.<\/p>\n Following the meltdown of the Terra ecosystem, the authorities of the US and South Korea noted<\/a> that they will start sharing data with each other.<\/p>\n Sepolia, a public testnet of Ethereum, has become just the second one to implement<\/a> the Merge upgrade.<\/p>\n Uprise Investment Fund admitted<\/a> to losing over $20 million of its customers and own funds by shorting LUNA in May.<\/p>\n Binance Free $100 (Exclusive): Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms<\/a>).<\/p>\n \nPrimeXBT Special Offer: Use this link<\/a> to register & enter POTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n \nDisclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n<\/a>
Bitcoin ETH Sees Local Peak<\/h2>\n
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Industry News<\/h3>\n