Will Bitcoin Price Surge Above $25K In August?

The cryptocurrency market has picked up pace alongside the Federal Reserve interest rate hike of 0.75% and the release of the US GDP report that stands at -0.9% for the second quarter.

The world’s first cryptocurrency, Bitcoin Price has surged by 11% trading at $23,926 and Ethereum, the second largest crypto by market cap is selling at $1,731 after an uptrend of 15.28% over the last 24hrs.

Meanwhile, even the crypto transaction has seen a massive surge in the last 24hrs as the cumulative trading volume has exceeded $93 billion. This marks the highest trading volume in the week.

According to the stats from coinmarketcap coinmarketcap s*****[email protected] Crypto Tool Followers : 0 View profile , most of the contribution comes from Bitcoin as it stands at $35.2 billion in volume in the last 24hrs.

Bitcoin Price At $27k?

As per reports, just a while ago, the NUPL index surpassed the number 0. Earlier the reading was at -0.001, but at the moment it stands at +0.002. NUPL is a metric that reads the difference between unrealized profit and unrealized loss. Then it lets us know if the network is at profit or loss. If the reading stands below zero, then the ecosystem is at a loss and vice versa.