The price of bitcoin rose by 10% in half an hour after a significant increase in volume.
During the one-hour period, the price of bitcoin, bitcoin cach, eter, ripple and eos rose from 6% to 10%, resulting in a price increase of total market prise from $ 292 billion to $ 272 billion. That's more than $ 20 billion.
The market was added $ 20 billion in 30 minutes
In the evening of July 17, an amazing improvement was caused by the increase in price of large digital assets. Bitcoin and Ethereum showed the best results among major cryptos in a short period of time with an almost 10% increase.
In previous reports, CCN pointed out that a series of positive events on the market are seen, such as the South Korean government's regulation of the cryptomarket, which could further promote market regeneration.
The optimistic development of leading crypto markets (including the US, Japan and South Korea) has not been reflected in the crypto market for the past two weeks, and recent growth may show the progress of that regulation, adaptation, and the increase in customer demand in general.
The fastest increase in bitcoin was on April 9 when it rose from $ 6,900 from $ 8,000 in 30 minutes.
If the price of bitcoin exceeded $ 8,000, then the April 9 events may be repeated and it might potentially reach 10,000 dollars. However, if Bitcoin maintained stability at $ 7,400, it might be able to see major support in the next week between 8,000 to 9,000 dollars.
The difference between the rise of July 17 and the counterfeit growth in June is the volume. At Binance, now the largest stock exchange in the world of cryptos, Bitcoin volume was $ 300 million against Tether (USDT), which was $ 100 million in July 16. Within two days the volume of bitcoin increased three times.
The problem with the crypto market was low prices during July, and despite the optimistic indications of bitcoin, the low volume of the crypto market hindered the improvement of the situation.
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