Bitcoin just posted its best month of trading activity since last year in July, up 19%. What does this mean for PivaCrip?

Although the cryptocurrency’s total market cap has yet to reach its all-time high and is currently hovering around the $1 trillion mark, there is positive movement among major cryptos across the board. And with Ethereum (ETH) up more than 50% over the past month, it was only a matter of time before Bitcoin (BTC) would follow in its younger brother’s footsteps.

Yes, Bitcoin (BTC) may have fallen over 65% since its all-time high in November 2021, reaching a staggering $69,000. However, the way forward looks quite promising as it just finished its best month since last year. In today’s editorial, I want to reflect on why investors might remain bullish on Bitcoin and what this means for the crypto market, including a new project, PrivaCrip (PRCR).

Is Bitcoin (BTC) Gaining Momentum?

At the time of writing, the first digital asset is trading for $24,094 by market cap, according to data from CoinMarketCap. Despite a seven-day surge, Bitcoin’s (BTC) 30-day surge is its most significant surge since October of last year! This alone could herald an impending bullish rally as Bitcoin (BTC) and the rest of the crypto herd have been hit by soaring inflation, a possible global recession and the largest military conflict in Europe since World War II.

As the Fed has hiked interest rates multiple times in recent months, investors are eyeing the risky assets that have flooded the bear market recently. In addition to US stocks, this includes Bitcoin (BTC) as well as other digital coins and tokens known for their volatility.

However, given the data, Bitcoin (BTC) has performed better than analysts predicted and is still going hand-in-hand with the traditional US stock market, a pattern that has been particularly evident in 2022. Since Friday, US stocks have risen for the third straight day and are expected to post their best day in nearly two years as investors appear less spooked by the Federal Reserve’s action to cool inflation.

Another reason investors should remain bullish on Bitcoin (BTC) is that despite the bear market, professionals are eager to get their paychecks in crypto, according to an industry report by Deel. Although professionals don’t mind being paid in a variety of coins, Bitcoin (BTC) has dominated the crypto payments scene. The report concluded that more than 47% have expressed an interest in getting paid in Bitcoin (BTC) over the past six months across various industries.

Disclaimer: Dell, a global payroll specialist, used data from more than 100,000 cross-border contracts in 150 countries and over 500,000 payroll data points for the report.

PrivaCrip (PRCR): data protection for the masses!

Privacy has always been the cornerstone of crypto and blockchain development and forms one of the three pillars that drive the industry’s success. One might even surmise that without its immutable privacy feature, blockchain technology would be obsolete. In view of this, PrivaCrip (PRCR) aims to provide a network that will be the world’s most protected blockchain. In order to accelerate the mass adoption of Web 3.0 use cases, the project will create a safe environment for users when exchanging information.

Eyeing the DeFi market as one of its main wins, PrivaCrip (PRCR) will solve the privacy problem inherent in the industry by offering a scalable solution that ensures the maximum security of user data. One of the most important tools to achieve this would be a tool called Tokenize Data, which many considered groundbreaking and laid the groundwork for a whole new environment.

By guaranteeing that the information remains private and cannot be re-used without consent, this would effectively return control of the data to users. Considering how much information is being recorded in DeFi and other crypto domains, such a project could indeed promise a brighter future for the crypto industry in the future.

The final result

The about-face that Bitcoin (BTC) is making will inevitably impact other altcoins, and the market will be back in the green for now. PrivaCrip will be no exception and once the pre-sale period ends, its upward movement should become a done deal. However, always do your own research, even for massively acclaimed projects like Bitcoin (BTC). May the force among the giant blockchain networks be with you!

If you want to know more about PrivaCrip, visit the website for information.

PrivaCrip (PRCR)

Disclaimer: This is a paid publication. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in such content. Do your research and invest at your own risk.

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