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    Home»Cryptocurrency»BTC, BNB, UNI, FIL, THETA
    1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMzczYmQ1NDktZWNiYy00ODQzLTliMGItOTg5ZGZkNzA4NGNmLmpwZw.jpg
    Cryptocurrency

    BTC, BNB, UNI, FIL, THETA

    adminBy adminJuly 31, 2022No Comments8 Mins Read
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    Bitcoin (Bitcoin) Made a strong comeback in July and is on track for the highest monthly rise since October 2021. Due to the rapid recovery of Bitcoin and some altcoins, the cryptocurrency horror and desire index on July 30 was 42/100. Highest level since April 6th.

    Investors seem to be making the most of Bitcoin’s depressed levels. According to data from on-chain analytics firm Glassnode: Bitcoin in exchange wallets falls It decreased from 3.15 million Bitcoins in March 2020 to 2.4 million Bitcoins in July. This puts the index at his lowest level since July 2018.

    Daily display of crypto market data. sauce: Coin360

    Mike McGrone, senior commodity strategist at Bloomberg Intelligence, said the Federal Reserve has instructed the Federal Reserve to consider raising rates at a “meeting-by-meeting” meeting. Bitcoin outperforms most assetsHe said Bitcoin’s “risk vs. rewards leaned in favor of one of the largest bull markets in history.”

    Could Bitcoin extend its recovery in the short term, which could trigger buying of selected altcoins? Let’s examine the chart of the top 5 cryptocurrencies that may outperform in the short term.