Bitcoin price broke through the $24,000 level

On the night of July 29, quotations of the first cryptocurrency overcame the $24,000 level. Over the past 24 hours, the asset has gained 4.1%, according to CoinGecko.

As of this writing, bitcoin is holding above $24,300.

The second most capitalized cryptocurrency is still above the $1700 level, which it crossed on July 28. Ethereum has added 4.9% in 24 hours, its current price is $1740.

According to Coinglass, in the last 24 hours the volume of liquidations in the futures market exceeded $488 million. More than $247 million of the total amount accounted for Ethereum, $85.5 million – bitcoin.

Of the top 10 crypto-assets by capitalization, USDC Stablecoin remains in the red zone. Solana demonstrates the most noticeable growth – 10.7% per day.

Leading digital assets shifted to growth after the U.S. Federal Reserve’s meeting. On July 27, the agency raised its key rate range to 2.25-2.5%, against which bitcoin reached $22,000.

On July 28, the U.S. Commerce Department released GDP data showing that the economy had entered a technical recession. Stock markets reacted negatively to the report and digital gold quotes rolled back from the intraday high above $23,200.

As a reminder, Grayscale analysts have assumed the end of the crypto-zine by the end of March 2023.

Earlier, former Goldman Sachs top manager and macro investor Raul Pal predicted a bitcoin reversal due to rising global liquidity.

Irina Dudak

News correspondent of the cryptocurrency and blockchain market.
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