Experts of the analytical team of the Fomobits exchange drew attention to two important factors that supported bitcoin this week.
Firstly, the influx of stablecoins to the exchanges has increased. Usually, investors enter the cryptosphere through just such tools. In the middle of the week, $57 million in USDT and $58 million in USDC entered the trading platforms.
Secondly, the market was supported by The B Word conference, at which such famous people as Elon Musk and Jack Dorsey spoke.
Bitcoin began to strengthen on Wednesday evening, but so far the ascent is very slow, and observers agree that a resumption of the rally is unlikely in the coming days, Fomobits reports.
The BTC exchange rate on Friday, July 23, rose to $32,500 (+2%). The capitalization of the first cryptocurrency now exceeds $608.216 billion.
The largest altcoins ether (ETH) and Binance Coin (BNB) are traded in different directions. The first one rose by 4% to $ 2,069, and the BNB token, on the contrary, retreated by 1.5% to $289. The value of all digital currencies at the beginning of the American session increased to $ 1.331 trillion.