Bitcoin

The world's main cryptocurrency has not tested an area below $30K since the beginning of this year. However, finding itself below this line on June 22, bitcoin did not stay there for long and began to gain what was lost rather quickly.

In 7 days after the sad events, it managed to grow by 26%. Several positive factors contributed to this positive trend.

Yesterday, for example, TP ICAP, one of the world's largest inter-dealer brokers, announced the launch of a platform for trading cryptoassets. At first, platform users will only be able to deal with Bitcoin, but over time, it is planned to connect Ethereum. The resource will work with the support of Fidelity Investment and Standard Chartered. The project is expected to start in the second half of the year.

In addition, on Tuesday, Bitcoin received significant support from its longtime fan, Cathie Wood. A well-known American investor turned to the US Securities and Exchange Commission with an application to organize a Bitcoin ETF. The future company will be tracking the BTC market.

Yesterday, on such positive news, the digital leader managed to break through the level above $36,600 at one point. But after that, it began to decline. Bitcoin was trading at $34,800 this morning, and its market capitalization was $654 billion (according to coinmarketcap.com).

Now the pressure on bitcoin continues to be exerted by news coming from the UK. So, it became known that the list of financial institutions that decided to restrict user transfers to crypto exchanges was replenished with another bank. The initiative was supported by the Natwest Group.

Ethereum

Over the week, the main competitor of bitcoin has risen in price by 28%. A key catalyst for Ethereum's growth was the London update, which was added to the altcoin testnet last week.

London is the next step in the transition of the ETH network to protocol 2.0, which will increase the scale of the blockchain and add convenience to users. This update is still rolling out today and early July in other testnets. And the next stage will be connecting London already on the official blockchain.

At the time of preparation of the material, Ethereum was trading at $2,112, and its capitalization was $246 billion.

Binance Coin

Over the past 7 days after the collapse of the crypto market, the Binance Coin rate jumped by 37%. The confident mood of the coin could not be spoiled even by the negative news coming from the UK. Recently, the UK announced a decision to ban the operation of the Binance cryptocurrency exchange in the country.

Binance Coin is valued at $295 on Wednesday morning, and the asset's market cap surpassed $45 billion.

Cardano

Last week, after the collapse of the crypto market, the value of Cardano fell to $1. Since then, the asset, which is among the top 5 largest by market capitalization, has been able to gain 40%. This morning, the price of the coin was $1.34, and its market capitalization exceeded $45 billion.

Dogecoin

The largest weekly growth was demonstrated by Dogecoin. Within 7 days, Elon Musk's favorite has risen in price by 62%. The digital asset again owes this growth to its famous patron.

Recently, the head of Tesla spoke in favor of the initiative to update the Doge network. The new proposal provides for the possibility of reducing the average commission for an operation on the token's blockchain by 100 times.

A week ago, the lowest price of Dogecoin was $0.16. The coin has not been at such a low level since mid-spring. After 7 days, the coin is valued at $0.25, and its capitalization exceeds $32 billion.