Bitcoin has surged above the $22,000 level, extending its bullish streak
It reached an intraday high of $22,350 on the Bitstamp exchange before paring some gains.
Bitcoin bills have managed to stage an impressive comeback after the top coin dropped to the lowest level since mid-June last week. , Yahoo Finance analyst Jared Blikre recently noted that $30,000 and $40,000 could be the next upside targets for the largest cryptocurrency. Despite recovering to $22,000, Bitcoin is struggling to increase its market share. According to data provided by CoinMarketCap, its dominance recently dipped below 39%. , the ETH/BTC pair reached the highest level of 2022 earlier this month.
The largest altcoin has benefited from excitement surrounding the Ethereum merge, which is shaping up to be the most important even in crypto this year. The second-largest blockchain will finally transition to the proof-of-stake network. Bitcoin.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biggest Movers: ADA, SAND Surge to Multi-Week Highs on Saturday – Market Updates Bitcoin NewsCardano was one of Saturday’s notable gainers, with the token surging to a three-week high. The sandbox was also in the green.
Read more »
While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult – Mining Bitcoin NewsWhile Bitcoin's hashrate in 2022 is 22,900% higher than in 2016, the number of bitcoins found per year is a whole lot less.
Read more »
Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants – Bitcoin NewsWhile hundreds of Brooklyn residents attended the Bitcoin Academy, some attendees enrolled in a grant for $1,000 in bitcoin.
Read more »
Bitcoin to $40,000? Analyst Explains Why This Might HappenThe $40,000 level is a 'big upside target' for Bitcoin, according to this analyst
Read more »
Will Clemente Thinks Bitcoin Gives Bullish Signals and Is Underweighted NowMarket underestimates Bitcoin and ignores bull signs, says WClementeIII btc crypto cryptocurrencies $btc
Read more »