People & Money

Bitcoin Approaches $24 k As Cryptos Continue Climb

Bitcoin strong start to the week continued yesterday, with the price of the leading cryptos climbing to more than $23k for the first time since June 14.

The largest cryptocurrency by market capitalisation was trading at around $23,700 at time of writing, up nine per cent since this time yesterday morning and 21 per cent since this time last week.

The price of Ethereum also continues to look strong, up another 2.5 per cent over the past 24 hours and 47 per cent over the past seven days. The second largest cryptocurrency hit highs above $1,570 on Wednesday morning.

Also Read: Bitcoin climbs to a 2022 high as $48k is breached

Other major cryptos have also seen double-digit price growth this week. Has crypto found its bottom?

Investor sentiment is also climbing, with the Fear and Greed Index yesterday ending its record-long 74-day streak in the ‘extreme fear’ zone. The index, which analyses emotions and sentiments to gain an impression of how the market is feeling, sits at 31 today – its highest level since April 11.

This article was culled from cityam.com

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