Bitcoin prices surged upward with a bullish momentum in the trading session in the early afternoon of Wednesday, July 7, reaching a maximum of 13 days at around $ 6,780. The overall market capitalization is increasing to about $ 275 billion with a gain of $ 25 billion since the beginning of the month.
After a consolidation period in the area of $ 6,500 Bitcoin price jumped to a new high of $ 6,784 in July to five minutes scoring a percentage increase of 2.12%
Among the top ten coins listed on CoinMarketCap, Bitcoin Cash and EOS are recording a performance higher than other altcoins, rising by 3 and 4 percent, respectively, while Ethereum and Ripple increase by 2% and 1%.
Thanks to this surge in the price of Bitcoin most of the cryptocurrencies are increasing in value, the value of 6,700 dollars also represented an important resistance overcome which, at the technical level, a new bullish signal was generated that should push the market towards the next resistance placed at $ 7,000 in the next few hours.