Bitcoin exchange rate reached a 13-month high

Bitcoin exchange rate reached a 13-month high

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Author: Robert Strickland (crypto-journalist)
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Bitcoin exchange rate reached a 13-month high
Bitcoin rate exceeded $31.3 thousand and updated the maximum for 13 months
The value of the first cryptocurrency exceeded the mark of $31.3 thousand after a report about the resubmission of an application for registration of spot bitcoin-ETF from BlackRock

On the evening of July 3, the price of Bitcoin exceeded $31,300 for the first time since June 1, 2022. The asset updated its highest in 13 months at $31.38 thousand, according to CoinGecko. VTS rose by 1.1% over the day. At 9:30 , bitcoin is trading at $31,000.

BTC/USD
31 020 +331 (1,08%)
Jul 04

The bitcoin exchange rate began to rise after it became known that the NASDAQ exchange re-filed an application for registration of a spot bitcoin-ETF from BlackRock. In the adjusted documents, the cryptocurrency exchange Coinbase is listed as a partner of the investment company. BZX Cboe, an exchange that represents issuers of potential bitcoin-ETFs Fidelity, WisdomTree, VanEck, ARK Invest, and Invesco, also listed the platform.

Prices of several other cryptocurrencies rose following Bitcoin. Ethereum gained 0.4% in 24 hours to $1.95, Ripple (XRP) gained 1.6% to $0.48, Cardano (ADA) gained 1.5% to $0.29 and Polygon (MATIC) gained 3.4% to $0.7. Cryptocurrency Solana (SOL) fell in price by 0.7%, to $19.21.

The total market capitalization of cryptocurrencies increased by 0.6%, to $1.25 trillion, with a daily trading volume of $44 billion. The Fear and Greed Index of the crypto market is in the "greed" range at 64 points out of hundred.

Against the backdrop of rising cryptocurrency rates, 26,000 traders' positions totaling $66 million were liquidated during the day on cryptocurrency exchanges. According to Coinglass, 56% of them were short. Orders with Bitcoin accounted for $20 million, with Ethereum - $11 million.

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