RATE Group | Bitcoin bulls practice cautious optimism
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Bitcoin bulls practice cautious optimism

03 Aug Bitcoin bulls practice cautious optimism

Posted at 00:08h in Cryptocurrency News by

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  • Bitcoin stays green, while altcoins paint a mixed picture.
  • Fundamental developments have been supportive of Bitcoin this week.
  • The short-term price recovery is limited by $11,000.

The cryptocurrency market has been licking wounds and clawing back ground lost during the previous week. The total capitalization of all digital assets in circulation returned towards $289 billion, while Bitcoin managed to restore its dominance to 65.6%.

However, despite the overall growth, top-20 coins paint a mixed picture. Chainlink (LINK),Dash and EOS being the worst-performing coins (-8.3%, -4.5%, -4.3% respectively).  Tezos (ZTZ) beat the market with eye-watering 40% of gains on a week-on-week basis. The US-based Coinbase announced the decision to add Tezos to the list of tradable assets. The market often meets the listing news with enthusiasm.

What’s going on in the market

This week the market has been watching crypto whales activity and discussing the effects fo global…

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