Bitcoin Jumps Above $32,000 on Elon Musk's Revelation
Main page News, Bitcoin, Crypto Market

On Thursday, July 22, bitcoin (EXANTE: Bitcoin) is rising. As of press time, the largest cryptocurrency by market capitalization is up by 3.82% and is trading at the $32,017.58 mark, according to EXANTE.

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Bitcoin Jumps Above $32,000 on Elon Musk's Revelation

Chart of the USD/BTC trading pair from EXANTE

Ether (ETH), for its part, is up by 6.57% at $2,006.41, while binance coin (BNB) gains 5.15% and is now trading at the $296.04 mark.

FxPro's team of analysts says the positive price dynamics of the crypto market is due to the cooling of anxiety around the sale in the traditional market, as well as the support of Elon Musk for bitcoin at the B-Word conference.

"Thus, the market shows us that there is still a pool of investors who are so desperate to buy out the market «at the dip,» which ultimately does not allow this scenario to come true."

iHodl earlier reported that Elon Musk confirmed at The B Word panel that not only he or Tesla, but also SpaceX owns the largest cryptocurrency by market capitalization. Musk also noted that in general he is a supporter of bitcoin.

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