According to statistics, in the last few hours there have been positive changes in the price of Bitcoin. The coin crossed a key resistance area of $10,200 and reached $10,500.
The latest Bitcoin news showed that in 24 hours the coin grew by 5.25%, and at the time of writing, the price was $10,480, and a couple of hours ago it reached the area in 10 500 dollars.
Bitcoin's price movement has a huge impact on the value of many other cryptocurrencies. When the coin overcame a key resistance area of $10,200, it triggered a growth trend in the rest of the cryptocurrency market.
The BTC rate in July was at the peak of volatilityVolatility
– is a financial term that means a statistical indicator of price change. In the cryptocurrency world, it is used by traders as an indicator for managing financial risks. That is, it is a measure of trade risk and as a financial analytical tool for gambling. Details thanks to new market participants and speculation around the leadership position of Bitcoin. However, the current market dynamics of the coin indicates a progressive trend in the coming days.
The BTC rate over the past 24 hours increased by 5.25%. Recall, on July 23, the founder and CEO of Pantera Capital, Dan Morehead, said that the Bitcoin exchange rate has great potential and can grow to $ 42,000 by the end of 2019.
Editor: Yuliya Soroka