Bitcoin Gains $220.24bn In 30-Days, Trades $43k

The market cap of Bitcoin gained $220.24bn in 30 days according to the data analysis on CoinMarketCap. Bitcoin

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.
READ ALSO: Nigerians Traded N69.3bn Worth Bitcoin In Space Of 5 Months
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.
READ ALSO: BBNaija Is An Abomination And Exhibition Of Nudity. It’s Misleading Youths, FG Should Ban It – MURIC’s Ishaq Akintola
BTC prices began to dip in May, after Elon Musk said that Tesla wasn’t going to accept it as a form of payment again. China’s continued crackdown on BTC mining also affected the market.

Musk has since said Tesla would begin accepting Bitcoin again once mining of the digital currency becomes more environmentally friendly.
Watch our trending video of the day below;

Photo Credit: Getty

Leave a Reply