Bitcoin gained roughly 15% within three hours last Monday as rumors circulated that Amazon was planning to accept Bitcoin payments. However, Amazon denied the speculation later. Bitcoin has surged above $40,000 for the first time in July and hit $42,300 on Sunday with a dominance of 47.67%.Ethereum has risen above $2,600 and gained 5.59% on Sunday. The surge is attributed to improving market sentiment and a major upgrade scheduled for August 5, the London hard fork. The price has consolidated and sits at $2,600 at the time of writing.The price, volume, and volatility indexes all grew significantly at 19.66%, 40.39%, and 28.74%, respectively.
Crypto.com Weekly Market Update (Week 30, 26/07/2021 - 01/08/2021)
Crypto.com Weekly Market Update (Week 30…
Crypto.com Weekly Market Update (Week 30, 26/07/2021 - 01/08/2021)
Bitcoin gained roughly 15% within three hours last Monday as rumors circulated that Amazon was planning to accept Bitcoin payments. However, Amazon denied the speculation later. Bitcoin has surged above $40,000 for the first time in July and hit $42,300 on Sunday with a dominance of 47.67%.Ethereum has risen above $2,600 and gained 5.59% on Sunday. The surge is attributed to improving market sentiment and a major upgrade scheduled for August 5, the London hard fork. The price has consolidated and sits at $2,600 at the time of writing.The price, volume, and volatility indexes all grew significantly at 19.66%, 40.39%, and 28.74%, respectively.