The first cryptocurrency continued to grow in price and reached $24.4 thousand for the first time in the last month and a half.
On the morning of July 29, the bitcoin exchange rate reached its maximum since June 13, rising to $24.4 thousand. The asset is trading at $ 24.2 thousand, over the past day its price has increased by 5%.
The largest altcoins by capitalization also show growth. Over the past 24 hours, the price of Ethereum has risen by 5%, to $ 1.7 thousand, and Binance Coin has risen by 4%, to $ 280. Of the top 15 cryptocurrencies in terms of volume on the market, the price of Polygon and Solana increased the most — by 11%, to $0.98 and $44, respectively.
The growth of the cryptocurrency market accelerated on the evening of July 27, when the Federal Reserve System (FRS), acting as the central bank of the United States, raised the rate by 75 basis points following a two-day meeting. The interest rate on federal loan funds (federal funds rate) has increased to 2.25-2.5% per annum.