Following the information gathered from Coin Market Cap by Shegze, Bitcoin has gained more supremacy in cryptocurrency market as the company recorded a massive gain of $220.24bn in a month.
On July 8, 2021, BTC opened trading at $33,889.61. It had a high of $33,907.91, a low of $32,133.18 and closed trading at $32,877.37. Its market cap was $616,492,852,697 and it closed with a trading volume of $29,910,396,946.
On August 7, 2021, BTC opened trading at $42,832.80, had a high of $44,689.86, a low of $42,618.57, and closed trading at $44,555.80. Its market cap was $836,730,623,772 and it closed with a trading volume of $40,030,862,141.
Higher trading volumes mean more positive activity in the BTC market, which indicates greater investor security.
The resurgence of BTC prices has been sustained since August 8, with BTC trading at sustained levels beyond $40k.
Tesla CEO Elon Musk who announced that the company will stop accepting Bitcoin as a form of payment, when the price began to dip in May, has disclosed it that Tesla would begin accepting BTC again once mining of the digital currency becomes more environmentally friendly.
Comments