Market Update – Bitcoin Adds $100 in 1 Day

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Bitcoin has added around $100 in the past 24 hours and is currently trading at $31.275,73 (+1.55%). The rest of altcoins from CMC’s top 5 are also suffering losses.

The Bitcoin dominance index stands at 47%, while the total capitalization of the cryptocurrency market stays at $1,249,042,546,532.

The BTC market capitalization stands at $587,606,890,381. It looks like the cryptocurrency market is not having a good start of the week.

The greed and fear index stands at 23 points (extreme fear), which clearly reflects the situation in the market.

Today we have shared 2 news. The first one is about a white hat hacker who has helped a user of the browser-based crypto wallet MetaMask recover $117,000 after losing $240,000 as a result of a phishing attack.

The second news is about the Dogecoin daily trading volume reaching 1 billion dollars in the past quarter. Dogecoin trading volume increased by 1,250% between the months of April and June, while the average stood at $995 million in Dogecoin during the quarter.

The new workweek has just started and it looks like Bitcoin has not found any trigger to keep growing. What will happen the rest of the week?