The Strategist

Bitcoin jumps by 13% to $22,000 in a week

07/08/2022 - 10:48

For the first time since mid-June, Bitcoin has surpassed the $22,000 mark. The cryptocurrency market is once again valued at $1 trillion, and the largest coin may expand by 13 percent per week. That is the largest weekly increase since 2021.

Jernej Furman
Jernej Furman
The price of a single Bitcoin increased to $22,000 on cryptocurrency markets. According to Bloomberg, the price of the largest cryptocurrency increased by more than 13% in the previous week. According to the agency, if this trend holds, this week's increase will be the most since 2021.

According to CoinGecko, the alternative tokens Solana, Avalanche, and Ether have all seen significant gains lately. Cryptocurrency market capitalization has topped $1 trillion once more. The Bitcoin market has lost roughly $2 trillion since November.

According to experts, even among investors who were able to weather recessions, anxieties of non-return of investments surfaced after the demise of Bitcoin brokers and the bankruptcy of exchanges.