But little by little it began to gain territory, and all cryptocurrencies such as Ether, Cardano, Polkadot and Binance Coin began to rise, which rose strongly in recent weeks.
A) Yes, Ether, considered the second most widely circulated cryptocurrency, rose 21.3% to $ 3,948 in the last seven days.
In third place is Cardano, which achieved a capitalization of more than $ 100 billion and rose 2.9% last week, with a 100% increase in the last month.
Beyond market factors, the positive momentum was given by what was announced by Tesla owner Elon Musk, who at the end of July said that he owns Bitcoin, Ethereum and Dogecoin, and that he would “like cryptocurrencies to be successful” .
The words were an engine for the cryptocurrency market, despite the fact that many analysts and even official entities, such as central banks, have been warning about the risk of this investment.
Controls over that market had been driven by the United States, China, and the nations of the European Union.
“It makes sense to support something that improves the quality of information through which we conduct the economy. And Bitcoin is a candidate for that,” Musk said during an event held on July 22, which had more than 100,000 people connected. simultaneously.
The currency had a sharp fall on July 20, when it reached $ 29,720, with a loss of 3.6% compared to the previous day.
Thus it managed to break a downtrend that had started after its record price of $ 65,000 in April.