Bitcoin has risen sharply again

The average market price of Bitcoin rose $1200 on the evening of July 18. After that, the cryptocurrency continued to rise and reached $10716. Now Bitcoin stands at $10542 level. how to how to cryptocurrency gro

According to the WhaleCalls twitter bot, a sharp jump of the Bitcoin rate occurred thanks to massive closing of short positions on futures in a pair of BTC/USD. CoinDesk analyst Omkar Godbole reported that the situation in the cryptocurrency market improved. The probability of digital money falling below $9097 become much lower. The specialist warned that the coin must to overcome the level of $11080 for resuming a bullish trend.

It’s worth noting that most altcoins are also in the green zone. Ethereum went up by 3.12%, to $ 220 over the past day. The XRP price reached $0.318, adding 1.6%. The total market capitalization increased to $284 billion.

Сryptocurrency prices on July 19

(Сryptocurrency prices on July 19. Resource: coinmarketcap)

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