Published on: August 1, 2021 9 months ago - 3 mins read
Signs of recovery?
July 2021 has come to an end and like each month the 100eyes team analyses what happened to Bitcoin and the altcoin market. After three months of decline, in July Bitcoin’s price finally increased by 18.3%. Bitcoin currently trades 36% below its ATH.
Altcoins also slightly recovered in dollar value in July. On average altcoins gained 14.76% this month. However, only 26% of altcoins outperformed Bitcoin. Next month will determine whether this was only a short uptick. Would be nice to see a big bullish reversal in the whole crypto market.
In the following chart you can see how July compared to the last twelve months of altcoin performance.
The top 5 performers in July were $SAND (+169.98%), $CHR (+116.46%), $ARDR (+111.88%), $FET (+82.96%), and $POWR +68.73%). Biggest losers were $ZEC (-14.20%), $DATA (-15.75%), $NANO (-16.66%), $RCN (-21.84%), and $DOCK (-22.44%).
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