July 25: Bitcoin[1] (BTC) is holding its newly won gains, having led the week’s impressive uptick[2] to stay above $8,000. Other leading cryptocurrencies are seeing mixed fortunes, according to data from Coin360[3].
Market visualization from Coin360[4]
Bitcoin[5] (BTC) is trading around $8,200 to press time, down about half a percent on the day. The leading asset surged as high as $8,483 during early trading hours — a price point it has not seen since mid-May — subsequently retracing to its current level.
Bitcoin’s weekly and monthly gains are at a bullish 10 and 34 percent respectively, according to data from Cointelegraph’s price index.
Bitcoin 24-hour price chart. Source: Cointelegraph Bitcoin Price Index[6]
BTC dominance by market capitalization continues to inch upwards, now at 47.2 percent[7] according to CoinMarketCap, after posting[8] its 2018 record-high earlier this week.
Reddit co-founder Alexis Ohanian — whose VC firm Initialized Capital was one of U.S. crypto exchange[9] Coinbase[10]’s first investors — said[11] in a fresh interview that the “battle-tested” coin is “certainly the most robust” noting that “as volatile as it’s been...[Bitcoin] continu[es] to go up over the long term.”
Ethereum[12] (ETH) is trading around $471 at press time, seeing around a 1 percent loss on the day. The top altcoin has seen considerable price movement between its morning peak at $484 and subsequent dip to as low as $464. Ethereum has now lost 4.84 percent on the week, but remains almost 1 percent up on the month.
Ethereum’s 24-hour price
