Bitcoin started to rise after a significant drop.

The Bitcoin rate, after losing value, began to rise again and exceeded $57,000 per coin.

According to the WhiteBIT exchange, the popularity of cryptocurrencies remains, and the rates are as follows:

Bitcoin (BTC) - $57.11 thousand per coin (+4.09% per day); Ethereum (ETH) - $2.45 thousand per coin (+0.41% per day).

During the first of August, the Bitcoin rate lost $3,000 due to events in the Middle East.

However, the very next day after the correction in global markets, the value of the cryptocurrency began to rise.

Investors withdrew $168 million from US Bitcoin funds and the GBTC fund from Grayscale.

Meanwhile, Ethereum is also rising in price, increasing by 15% per day.

Total inflows into Ethereum ETF exceeded $48 million.

Source: 24 Channel