Bitcoin returns to USD $63,000 after closing June with a 7% loss – DiarioBitcoin

Officially opening July, Bitcoin It seems to want to resume its upward path and exceeds USD $63,000. June closed with losses close to 7%, being the second month with negative performance so far this year.

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• Bitcoin July opens above USD $63,000
  
• This month is off to a good start, after a June that closed with losses
• During June, the price of Bitcoin saw a drop close to 7% compared to the previous month
• However, April has been the month with the biggest losses so far this year.
• Major altcoins are also recovering today

Bitcoin is starting July with a modest price increase after closing its second worst month in 2024. Reviewing its evolution in the last 24 hours, at the time of editing it is quoted at around USD $63,462 per unit, a figure that represents an increase of 3.17% compared to the values ​​seen yesterday.

As can be seen in the data published in our section CryptoMarketsthe price of Bitcoin rose strongly and capitalized on a notable increase just before trading closed yesterday.

It stands out that the digital currency capitalized on a peak of USD $63,669 per unit shortly before 11:00 pm (New York time) yesterday, and then fell slightly and was around USD $62,750 until a few hours ago, at which time rose again and reached the aforementioned prices.

Hand in hand with the capital increase, we also have a notable rebound in the volume of commercial operations, which increased by 84.4% in the last 24 hours, involving the flow of approximately USD $25.74 billion in transactions through the main exchanges.

A good start to the month

The capitalized increase in the price of Bitcoin It represents a good sign for the beginning of July, since last month was a bearish period for the main digital currency, due to the fall seen during said period motivated by several important factors.

According to data published by the analysis firm Coinglass, the monthly yield for the price of Bitcoin was -6.96%. These results constitute the second negative monthly close of 2024, after accumulating a fall of -14.76% in April of this year.

Let us keep in mind that Bitcoin It opened May of this year with values ​​close to USD $58,300, to close said month around USD $67,300 per unit. Therefore, for many analysts, the price faced a correction during June reinforced by a series of events, highlighting the outflows recorded by ETFs Bitcoin, the movements of BTC by the US and Germany to exchanges, without leaving out the start of the compensation process of Mt. Gox.

Major altcoins also recover

Hand in hand with the increase capitalized by Bitcoin, We also have that for this July 1st the main altcoins recovered slightly during the day.

Therefore, coins like ETH, SOL, DOGE, ADA, AVAX, TRX, SHIB, DOT, LINK, NEAR, UNI, MATIC and many others capitalize on increases of between 2% and 7% in the last 24 hours.

Article by Angel Di Matteo / Bitcoin Diary

Picture of DailyBitcoin, free to use, under public domain license

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