Bitcoin Reaches the $20k Region While Other Crypto Assets Also See Slight Price Recovery

7:29 am, Tue, 5 July 22

Current Bitcoin Data

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After trading at $19k yesterday, the flagship crypto asset has finally crossed the $20k price region. However, BTC is not the only crypto asset that has seen a slight price increase. Other digital assets such as Ethereum, Cardano, Solana, XRP and Dogecoin have also seen price increases over the last 24 hours.

The current market situation has been quite scary for crypto enthusiasts, especially the ones who are new. The downward movement of the prices has also made people skeptical regarding investing in crypto.

However, while some interested parties are wondering whether or not to invest in crypto, other major entities and institutional investors have been accumulating more BTC.

Therefore, knowing whether or not to buy crypto at the moment can be a difficult decision but if you do intend on crypto investing, make sure you opt for an exchange that is secure and suits your needs the most.

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What to Know About Crypto Prices Right Now?

As mentioned above, Bitcoin and several other prominent cryptocurrencies have seen an increase in their prices over the last 24 hours.

The crypto king, Bitcoin, was currently trading in the $19k price region. It is now trading at $20,359 (at the time of writing), which is a 6.17% increase in the last 24 hours.

Here is a graph by CoinMarketCap that shows the price of BTC over the last 24 hours.

btc-graph-05-07-2022

Another major shift noted among the crypto assets is the popular altcoin Ethereum. This digital asset is now trading at $1,165 (at the time of writing) and has surged 10.49% over the last 24 hours.

Here is a graph by CoinMarketCap for ETH over the above-mentioned period.

eth-graph-05-07-2022

Price movements of other altcoins over the last 24 hours are mentioned below:

  • Solana (SOL) has seen a price increase of 9.40%
  • Dogecoin (DOGE) has seen a price increase of 4.27%
  • XRP has seen a price increase of 3.38%
  • Cardano (ADA) has seen a price increase of 4.01%

Many believe the Vasil Hard Fork to be the reason for Cardano’s price increase. ADA enthusiasts also believe the price of the altcoin to immensely surge once the Vasil upgrade is fully implemented.

However, anything of the sort is yet to be seen in real-time.

Useful Tips for New Crypto Investors

Buying any crypto asset can be a hassle and difficult for people who are new to the crypto space and do not have enough information. Investing in crypto with minimum inconveniences and complications requires you to choose the best platform and know when to buy the digital asset.

Not knowing such details can make the overall process complex and financially burdening as well. Therefore, if you are an interested new investor, here are some helpful tips you should know before crypto investing.

  • Choose a crypto exchange that offers high-end security and ticks all the right boxes for you.
  • Monitor the price movement of the digital asset you want to buy.
  • Know when to invest.
  • Start investing or trading with a small amount.

As a new crypto investor, if you are looking to buy Bitcoin, Ethereum or Cardano, you can click on SwissBorg or Kraken (U.S. citizens).

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