Bitcoin rises above $40k, gains $220.24bn in 30 days

Cryptocurrency fraud rises by 30% in 2021

BTC began trading on July 8, 2021 at $33,889.61. It had a high of $33,907.91, a low of $32,133.18 and closed trading at $32,877.37. Its market cap was $616,492,852,697 and it closed with a trading volume of $29,910,396,946.

On August 7, 2021, it began trading at $42,832.80, reaching a high of $44,689.86, a low of $42,618.57, and closed at $44,555.80. Its market cap was $836,730,623,772 and it closed with a trading volume of $40,030,862,141.

Since August 8, the price of BTC has maintained its upward trend beyond $40, 000.

BTC began a downward slide in May following Elon Musk’s comment that it will no longer be accepted as a form of payment by Tesla.

Also, the market was affected by the continued crackdown on BTC mining by China.

However, Elon has since made a U-turn saying once BTC mining becomes more environmentally friendly, Tesla would begin accepting it again.

Higher trading volumes mean more positive activity in the BTC market, which indicates greater investor security.

Author: Greg