Rates of Bitcoin, Ethereum, Polkadot and Dogecoin jumped up
At the morning of July 26, Bitcoin in just a few hours spiked from $35,000 to just under $39,000. At the time of writing, the first cryptocurrency was traded at $38,863.
According to Willy Woo, the price rally chart indicates a short squeeze after the rate surpassed the $35,000 mark on Monday.
Over the past 24 hours, Bitcoin has become the growth leader among the 30 largest cryptocurrency assets in terms of capitalization, adding almost 13% in price.
Polkadot and Chainlink also showed good results, by increasing in price by more than 11%. Dogecoin, unfortunately, only added 9%. And Ethereum got only a 7% gain in the past 24 hours.