CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Market Updates » Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch)

Bitcoin Reclaimed $20K Following Extreme Volatility, AVAX Jumps 7% (Market Watch)

Author: Jordan Lyanchev

Last Updated Jul 7, 2022 @ 08:48

Bitcoin stands above $20,000 after the enhanced volatility yesterday and earlier today. AVAX and SAND have spiked the most from the alts.

Getting your audio player ready...

Bitcoin’s price went on a roller-coaster in the past 24 hours, dumping to $19,000 before jumping to almost $21,000. The altcoins are calmer on a 24-hour scale, with AVAX and SAND being the most substantial gainers.

Bitcoin Stands Above $20K

At the end of June, which marked BTC’s worst-performing month and a quarter in over a decade, the asset went on a tear and jumped by over $2,000 in hours. However, that was short-lived as it dumped just as quickly to under $20,000.

The weekend went unexpectedly calm and bitcoin traded around $19,000 for most of it. The volatility returned as the US national holiday on July 4 came to an end, and bitcoin approached and briefly exceeded $20,000.

The bears came back to play almost immediately and pushed BTC south to $19,250. Yet, the asset bounced off rather immediately and spiked to $20,750 (on Bitstamp).

As of now, it has calmed slightly but still trades above $20,000, and its market cap sits at $385 billion.

Alicia Bakery
CMO - A really good agency

Did you like this market update?
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address
Your privacy is guranteed.
Thanks for subscribing, you will get your first report in the next hours!
BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Notable Bitcoin News

The public mining company Core Scientific said it had sold most of its bitcoin holdings in June.

CoinShares reported that US investors had shown a significant desire to open short positions on BTC last week.

Despite the ongoing market crash, The Wolf of Wall Street predicted that BTC investors will “almost certainly” profit if they hold for 3-5 years.

AVAX and SAND Lead the Way

Most altcoins were well in the green yesterday but are calmer today. Ethereum went to a multi-day high above $1,150 but has retraced slightly and now sits just under that level.

BNB continues to trade higher and is now close to $240 after a minor daily increase. Solana, up by around 3%, is now above $36.

While Ripple, Cardano, Dogecoin, Polkadot, and TRON have failed to display any significant movements in either direction, Avalanche has increased by almost 7% in a day and is close to $20.

From the lower- and mid-cap alts, The Sandbox is the most substantial gainer, following a 9% daily jump. Consequently, SAND sits near $1.3.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Industry News

The CEO of CryptoCom denied the recent rumors that his company will suspend or limit withdrawals soon.

One company that had suspended withdrawals – Voyager Digital – filed for Chapter 11 bankruptcy.

Another crypto firm – CoinLoan – also had to amend its policies by limiting withdrawals.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Join Our Community

FacebookX YouTubeTelegram


Editorials
10 Best Meme Coins to Watch in June 2025

10 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top