Bitcoin again above $65,000

Things are moving in the right direction again, after the cryptocurrency crash in early July, prices are now rising sharply. The total market value currently stands at $2.4 trillion, more than ten percent higher than a week ago. Bitcoin stands at $65,320 at the time of writing, up 3.66 percent from yesterday. Over the past seven days, the BTC price has risen a whopping 11.8 percent.

The end of LKA sales in particular seems to reassure investors. Saxony's Landeskriminalamt had sold some 50,000 seized BTC, mostly through over-the-counter (OTC) transactions.

The changed market sentiment is reflected in the Fear & Greed Index. This was at extreme fear a week ago, but is now at 69. This means that greed is prevailing again.

The price of the second-largest cryptocurrency, Ethereum, also rose 2.91 percent to $3,496. On a weekly basis, this enabled ETH to gain 14.43 percent, better than its major rival Bitcoin. Hopes for a quick approval of Ethereum ETFs in the U.S. are currently giving the crypto market an extra boost. According to Bloomberg ETF expert Eric Balchunas, ETH index funds could launch on July 23.

Even stronger price gains were seen in some popular altcoins: compared to last week, the XRP token rose 39.7 percent, Near Protocol (NEAR) rose 34.5 percent and Solana (SOL) rose 14.1 percent.

Still, some investors are worried about Mt.Gox's payouts. About 142,000 BTC will be received by those affected in the coming weeks. If large sales occur, this could again depress the Bitcoin price.