Bitcoin closed July at $ 11.4 thousand, which is the highest indicator for the last 2.5 years.
At the end of the past month, the price of leading cryptocurrency increased by 24%, which was a real relief for many traders after a 3 percent decline in June. According to Messari, the closure of $ 11 351 is the maximum indicator since November 2017, since all other periods of closure occurred below $ 11 thousand.
Positive market dynamics favorably affects investor sentiment and stimulates further growth. Analysts say that on the stock exchanges proposal of coins has reached the minimum level over the past 12 months, confirming the interest of participants in the long-term retention of cryptocurrencies.
At the time of publication of the CTS trading at the rate of $ 11,650, rising in the last day by 4.8%. The main causes of rapid growth traders consider the weakening of the dollar and the ongoing economic decline on the pandemic background. In the short term, a further increase in the course is expected to up to $ 12.5 thousand. However, there is a risk of cooling the market and rollback due to the focus of investors’ attention to altcoins.
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