On July 20, 2021 amid global sell off cryptocurrencies also saw prices tumbling down and bitcoin was dragged lower to below $30 K. In today's trade, bitcoin prices are back above $30000 and was last seen up at $32008. Likewise other digital tokens including the likes of dogecoin, Cardano have also gained.
Here are the prices of Top 10 Crypto based on the list compiled by Coindesk:
|Cryptocurrency||Price||% gain in 24 hours|
The price gains in the cryptocurrencies have come as the focus has now shifted to growth from the inflationary concerns which led to global sell off.
Remember bitcoin is a 24/7 market and the price of $29000 was not considered to be making a sense. Further it is viewed that markets are now not giving too much to inflationary pressure and instead are concerned about the economic growth post recovery. Further the intensifying conflict between the US and China economic relations are weighing on the markets.