Highlights July 8: Bitcoin reaches highest price level in 3 weeks

Highlights July 8: Bitcoin reaches highest price level in 3 weeks

By Daniela Kirova - min read

The crypto market as a whole is mixed. Bitcoin was trading at $21,333 at the time of writing.  

Top cryptos

Over the past 24 hours, Bitcoin’s price rose around 5% to reach its highest levels in three weeks. Ethereum was up around 2% at time of writing, while XRP climbed around 3%. 

Cryptos outside the top 10 were mostly in the green. Polygon is the biggest gainer, up by more than 5%. 

Top movers

Outside the top 20, the tendency was similarly mixed, with most coins adding or losing 2-4% of their value. Notable standouts on the winning side are Neo with 6% and Curve DAO Token, up 5%. As predicted yesterday, the CRV token keeps increasing. 

Another winner today is Aave, up 8% at the time of writing. It began surging after Aave proposed to introduce GHO, a native, decentralized, collateral-backed stablecoin pegged to the US dollar. 

The biggest gainer today is 1inchnetwork, up 10% at the time of writing. Kyber Network just announced that 1inch completed integration of KyberswapElastic on 7 chains: Ethereum Mainnet, Binance Smart Chain, Polygon, Optimism, Avalanche, Arbitrum, and Fantom.  

Users can now take advantage of the competitive rates of the newly launched liquidity protocol. 

The losers 

Compound shed 4%, reversing some of yesterday’s gains. Convex Finance is down by more than 4%, which is seemingly perplexing considering the close association with Curve DAO Token. However, the biggest loser of the day is The Sandbox with -6%.