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Bitcoin’s price on Tuesday rose but still hovered just over $20,000-mark. However, the cryptocurrency market volume still remained low.
The world’s largest and popular cryptocurrency, Bitcoin, lost around 57 per cent in the first six months of the year, while the second largest cryptocurrency, Ethereum, has dropped 71 per cent.
Bitcoin’s price gained 6.53 per cent to $20,342.88. Ethereum rose 10.25 per cent to $1,160.36.
“Even though this week saw a bearish start, Bitcoin and most cryptocurrencies gained a decent amount of growth on Monday benefiting from the US Independence Day holiday. The largest cryptocurrency is down by 44 per cent since the last Independence Day,” Edul Patel, Co-Founder and CEO, Mudrex.
“If bulls can keep the rise going, breaking above $21,000, we might see the next run towards $29,000,” Patel said.
XRP fell 0.25 per cent, Solana gained 9.87 per cent, Cardano rose 4.64 per cent, Stellar was up by 3.16 per cent, and Polkadot rose 0.86 per cent.
Dogecoin rose 0.78 per cent and Shiba Inu gained 1.11 per cent.
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