Bitcoin Holds Above $24K as Market Sentiment Improves

In July Bitcoin could end up above $24,000 as digital gold hit $24,346 on Saturday, July 30th and continued to grow.

At the time of writing, Bitcoin is worth $24,302. Cryptocurrencies from the top ten rankings in terms of capital still follow BTC. Over the past 24 hours, among the Top 10 cryptocurrencies, the meme coin Dogecoin (DOGE) has grown the most, adding 5.08% in price. BNB (BNB) is up 1.81%, Solana (SOL) is up 1.71%, Ethereum (ETH) is up 1.56%, XRP (XRP) is up 1.51% and Cardano (ADA) is up 1.49%.

The following cryptocurrencies show record value growth on July 30: (YFI) +31.93%, Filecoin (FIL) +25.17%, Optimism (OP) +23.26%, Internet Computer (ICP) +16.05 %, Chiliz (CHZ) +13.14%, Polkadot (DOT) +10.28%, Celo (CELO) +9.74%, Axie Infinity (AXS) +9.63%, Gala (GALA) +7, 93% and Lido DAO (LDO) +7.87%.

As for the general mood in the financial markets, the S&P 500 and Nasdaq Composite rose 4.1% and 4.6% over the week, respectively.

However, despite the positive trends, experienced traders are in no hurry to indulge in joyful moods. Josh Rager stated that he was just going to wait a while and see the results of these changes, since anything can happen now.

However, during the last week, optimism in the crypto markets continued to grow. The Crypto Fear & Greed Index reached its highest level since April 6 after coming out of its longest period of “extreme fear”.

At 45/100, the index was officially in “neutral” territory on July 30.

According to analyst Mikael van de Poppe, stock dynamics will continue to create favorable conditions for the recovery of the cryptocurrency market.

“Looks like we’re getting a sequel in August, including crypto and bitcoin,” he tweeted.

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