Published on: August 1, 2020 1 month ago - 3 mins read
July 2020 – What a month!
July 2020 has come to an end, like each month the 100eyes team analyzes what happened to Bitcoin and the crypto market overall. A month ago we saw that Bitcoin flattened completely and showed the lowest volatility in two years. In our previous market analysis we warned everyone that periods of low volatility are often followed by periods of high volatility. Turned out to be the case once again.
In July Bitcoin gained 24.2% and altcoins held their own very well, surprisingly. Overall 88% of altcoins had a positive month, on average altcoins gained 35.9% in dollar value. Almost 50% of all altcoins even outperformed Bitcoin, which is particularly surprising because BTC took off so strongly. All stats considered July 2020 has been the best month for the crypto market in over two years!
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 $ERD (+283.89%) , $BAND (+276.61%), $PERL (+264.57%), $BQX (+252.70%), and $BLZ (+236.62%). Biggest losers were $NULS (-14.96%), $LUN (-31.16%), $ONG (33.12%), $TNB (-43.30%), and $ARN (-46.76%).
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