איבער $ 70 ביליאָן ינפלאָווס ביטקאָין ס מאַרק היטל אין 7 טעג; וועט די פּרייז ראַלי זיין סוסטאַינעד?

The market capitalization of Bitcoin (בטק) has recorded dramatic gains over the past week as the entire קריפּטאָקוררענסי סעקטאָר finally begins to recuperate from the rout that recently engulfed most of its assets.

As it happens, Bitcoin’s market cap has grown from $377 billion on July 13 to nearly $451 billion where it stood at press time, which means that it has increased by around $74 billion or 19.63% in a single week, according to the קאָונמאַרקעטקאַפּ דאַטן ריטריווד דורך פינבאָלד אויף יולי קסנומקס.

ביטקאָין פּרייַז אַנאַליסיס

With the dramatic influx into the broader market cap, the price of Bitcoin has followed, strengthening by 19.81% across the previous week and currently standing at $23,680. This also marks an 8.30% gain on the day for the maiden token.

פריער, קריפּטאָ טריידער און אַנאַליסט דזשאָש ראַגער ריפערד on Twitter to his predictions on July 7 when he predicted Bitcoin taking profits “around the $28k to $31k area” if it managed to reclaim the $20,500 mark, adding that he “would love to see this push up another 20%+ in order to take profits.”

Meanwhile, a billionaire and the CEO of crypto investment firm Galaxy Digital Mike Novogratz has said that Bitcoin would undoubtedly דערגרייכן $ 500,000 in the following five years or so, thanks to its adoption pace and attribute as “an easily transferable anti-inflation store of value”

Commotion in the market

That said, the world’s largest non-exchange Bitcoin whale dumped 46,000 BTC worth $1 billion in two days, in a move that sometimes acts as a bearish momentum for an asset and a potential indicator that the current ability to stabilize above $20,000 might be short-lived.

At the same time, Anthony Scaramucci’s investment management company SkyBridge Capital has טעמפּערעראַלי סוספּענדעד ווידדראָאַלז from one of its funds – Legion Strategies – that had exposure to crypto assets such as Bitcoin and Ethereum (עטה). 

אָפּלייקענונג: דער אינהאַלט אויף דעם פּלאַץ זאָל ניט זיין געהאלטן ינוועסמאַנט עצה. ינוועסטינג איז ספּעקולאַטיווע. ווען ינוועסטינג, דיין קאַפּיטאַל איז אין ריזיקירן.