{"id":6697,"date":"2021-07-26T08:45:26","date_gmt":"2021-07-26T07:45:26","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6697"},"modified":"2021-07-26T08:45:34","modified_gmt":"2021-07-26T07:45:34","slug":"bitcoin-market-increases-by-15-in-3-hours","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-market-increases-by-15-in-3-hours\/","title":{"rendered":"Bitcoin market: increases by 15% in 3 hours"},"content":{"rendered":"\n
Bitcoin<\/a> has soared in recent days, reaching $40,000 for the first time this month to test resistance.<\/h5>\n\n\n\n
\"Bitcoin<\/figure>\n\n\n\n

Just a few hours earlier today, the price of Bitcoin <\/a>increased by more than ten percent, with prices fast rising from around $35,000 to just shy of $40,000 on July 26.<\/p>\n\n\n\n

In the price action, we can see a dramatic short squeeze that happened as soon as prices broke above $35,000, with bullish momentum abruptly quickening as prices quickly surged 15 percent from about $34,000 to $39,800 in less than three hours.<\/p>\n\n\n\n

And folks, we have our squeeze. https:\/\/t.co\/Lflcp7MZuw<\/p>\u2014 Willy Woo (@woonomic) July 26, 2021<\/cite><\/blockquote>\n\n\n\n

Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, on the other hand, had gained around $30,000 over the previous five days, bringing it to $34,000. Bitcoin is currently trading for approximately $38,500 at the time of writing.<\/p>\n\n\n\n

As reported by CoinMarketCap, Bitcoin has been the top gainer among the top 30 crypto assets by capitalization during the past 24 hours, achieving a gain of about 13 percent.<\/p>\n\n\n\n

Many technical indicators have returned to providing optimistic signals as a result of the rapid rise, with prominent analyst Lark Davis noting his 426,000 followers that Bitcoin's price is once again going above its 50-day moving average as a result of the rally.<\/p>\n\n\n\n

Oooohhhh\u2026.. #bitcoin just reclaimed the 50-day moving average! Nice! pic.twitter.com\/xpS3kiUV16<\/p>\u2014 Lark Davis (@TheCryptoLark) July 26, 2021<\/cite><\/blockquote>\n\n\n\n

Aside from Polkadot and Chainlink, which have both gained more than 11 percent in the past 24 hours, the following stocks are among the day's biggest gainers:<\/p>\n\n\n\n

With Dogecoin trading at less than 9 percent for the day, it appears that the influence of Elon Musk's Twitter account on the meme-markets coin's is beginning to wane. On July 25, Musk posted a meme declaring that “Dogecoin is money,” which was quickly deleted.<\/p>\n\n\n\n

However, despite Musk's efforts, Dogecoin <\/a>appears to have tracked the broader altcoin markets, with most large-cap crypto assets seeing high single-digit gains for the day.<\/p>\n\n\n\n

#Bitcoin is money<\/p>\u2014 Jay_OKEX_CEO (@JayHao8) July 25, 2021<\/cite><\/blockquote>\n\n\n\n

The cryptocurrency Ether is also trailing the pack, with a gain of almost 7 percent in just the last 24 hours, despite next month's rapidly approaching London upgrades.<\/p>\n\n\n\n

As a result, ETH <\/a>has been the worst-performing cryptocurrency among those rated among the top ten by market capitalization over the last day and a half.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has soared in recent days, reaching $40,000 for the first time this month to test resistance. Just a few hours earlier today, the price of Bitcoin increased by more than ten percent, with prices fast rising from around $35,000 to just shy of $40,000 on July 26. In the price action, we can see […]<\/p>\n","protected":false},"author":13,"featured_media":6698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,21],"tags":[152,231],"class_list":["post-6697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-news","tag-bitcoin","tag-market"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/image-234.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=6697"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6698"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}