Bitcoin is going sky high without slowing down!


On the morning of Tuesday, July 24th, the price of bitcoin overcame the psychological mark at $7,800 and then jumped the $8,000 mark also.

With this, the leading cryptocurrency has consolidated the positions that were achieved during the previous week.

As of 05:00 UTC on Tuesday, the average weighted bitcoin rate, according to CoinMarketCap was $7,853, and market capitalization was close to $135 billion.

The dominance index of bitcoin, earlier on Monday has reached the record level since December last year, and also continued to grow and at the moment is 47.1%.

A curious picture is observed in the market of altcoins – if not so long ago, most of the cryptocurrencies, in general, followed the dynamics of the BTC, this time they go to the red zone.

Senior analyst of the investment platform eToro Mati Greenspan suggested that the cryptocurrency market is on the threshold of a powerful “bull rally.”

UPDATE 1: As of 05:10 UTC, the bitcoin rate on a number of exchanges, including Bitfinex and Bitstamp, broke the barrier at $7,900.

UPDATE 2: At 05:35 UTC the bitcoin exchange rate on the Bitstamp exchange was exactly $8,000, on Bitfinex – $8,013.60.

In the last period, Bitcoin has shown its bullish character, with the price movements that were recorded and mentioned above.

In addition to this positive news about the leading cryptocurrency, it should also be mentioned its movement od the WEX platform where it has shown extreme progress.

On Wednesday, July 25th, the price of bitcoin on the Russian crypto exchange WEX got very close to the $10,000 margin, or to be more precise, it has risen to $ 9,754.

At the moment, according to CoinMarketCap, the weighted average rate of the first cryptocurrency fluctuates around $ 8,270.

At the time of writing, the volume of trading on the WEX platform is about $22 million. On July 12th, this figure was $39 million.