On the first day of July, Bitcoin rose 2%... Expectation of July rally amid improvement in investment confidence ↑

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▲ Source: Alternative



On the first day of July, the price of Bitcoin (BTC) rose by about 2%. Although prices fell by 7% in June, they are showing signs of strength in July.

According to Coinglass data, after a negative monthly close in June, there was a sharp rebound each time in July.

According to Coinglass, which has been tracking Bitcoin's monthly rise since 2013, if Bitcoin fell in June, it rose by an average of 7.42% in July.

The pitching pitch has also improved. Cryptocurrency data provider Alternative's self-estimated 'Fear and Greed Index' recorded 51, up 21 points from last week. The two-seam pitch improved and went from fearful to neutral.

The closer the index is to 0, the more extreme market fear it is, and the closer it is to 100, the more extreme optimism it is.

Based on CoinGecko, Bitcoin is trading at $62,851 as of 9:29 on the 2nd (Korean time).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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