The price of bitcoin has overcome $22,000. Market capitalization is over $1 trillion

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On Monday, July 18, the quotes of the first cryptocurrency exceeded $22,000. Over the past day, the asset has grown by 4%, according to CoinGecko.

At the time of writing, Bitcoin is trading at around $22,200.

The second-largest cryptocurrency by capitalization has added 6.6% over the past day. Ethereum is currently holding above $1450.

Following the flagships, all crypto assets from the top 10 by capitalization moved into the green zone. The total market value has exceeded $1 trillion. BTC dominance index – 40.1%, ETH – 16.5%.

After the publication of the US inflation report on July 13, the price of bitcoin fell below $19,000. However, by the end of last week, the asset won back the fall and on July 17 overcame the level of $21,000.

On the same day, Ethereum quotes tested a range above $1,400 amid the upcoming blockchain migration to the Proof-of-Stake (PoS) consensus algorithm.

Previously, leading developers during the next call tentatively approved the merger of the mainnet with the Beacon Chain signaling network on September 19, 2022. The final date will largely depend on the transition to PoS of the Goerli testnet, scheduled for August 11th.

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