Bitcoin, Ether Breach Key Levels; Shiba Inu, Dogecoin in green
Cryptocurrency Price today: From a bearish tone this week, the global cryptocurrency market ended with decent gains, crossing the $ 950 million mark towards the end of it and remaining comfortable at that level as the week ended. The crypto market value was $ 953.78 billion on Saturday, July 9, down 1.52 percent in the last 24 hours, according to data.
“The cryptocurrency market started in a bearish tone earlier this week, indicating the narrow price action and picking up momentum and tracking in the US stock markets. Most cryptocurrencies continued to win, strengthening the market in the middle of the week,” said Edul Patel, CEO and co-founder of Mudrex.
However, Kumar Gaurav, CEO and founder of Cashaa, noted: “We are in a bear market that will be intense. However, the market will present an illusion of growth and entice people to trade. It is quite standard for the need to show signs of turning. to attract the capital that sits on the sidelines. But the consolidation is not complete and the market will correct it further. “
Two days after reaching the $ 22,000 mark, Bitcoin came down to the $ 21,000 level on Saturday. The Bitcoin price today was $ 21,542.12, down a little 0.12 percent over the last 24 hours, data from CoinMarketCap showed at the time of writing.
“Bitcoin has been trying to move upwards since June 18 and eventually managed to break out of an inverse on July 7, trading above the $ 22,000 level. This bullish trend could lead to a price reversal and could take BTC to $ 25,000 over of the coming weeks if the consistency is maintained, “Patel said.
Meanwhile, Ether stayed above the $ 1200 mark on the day. At the time of writing this article, the Ethereum price was $ 1,214.24, down 0.16 percent over the last 24 hours.
“The second largest cryptocurrency, Ethereum, also hovered from $ 1,073 to $ 1,246 during the week, expanding its spheres of influence. The changes in the last seven days in the price action of ETH show that it has added almost 14.32 percent, which helped it to navigate the latest bearish trend to some extent. Overall, the market appears to be bullish this week, “Patel added.
“The entire crypto market traded in the green with Bitcoin and Ether witnessing a mini-rally. The Ether rise may be mainly due to the euphoria surrounding the upcoming Ethereum blockchain Merge, which may have aroused investor interest in the most popular altcoin,” commented Tarusha Mittal. co-founder and COO at UniFarm.
Memecoins including Shiba Inu and Dogecoin so skip the day. “The meme coin space saw a lot of movement with DOGE and SHIB leading the effort. Elon Musk’s statement in support of DOGE added over $ 1 billion to market value, and SHIB announced its plans to have its stablecoin,” Mittal said.
Here are the 10 best cryptocurrencies and their prices July 9, 2022 (according to data from coinmarketcap.com)
Bitcoin $ 21 542.12 or 0.12 percent loss in the last 24 hours
Ethereum $ 1,214.24 or 0.16 percent loss in the last 24 hours
Tether $ 0.9994 or 0.00 percent loss in the last 24 hours
USD Coin $ 1.00 or 0.01 percent loss in the last 24 hours
BNB $ 242.27 or 0.06 percent gain over the last 24 hours
Binance USD 1.00 or 0.18 percent gain in the last 24 hours
XRP $ 0.3423 or 0.02 percent loss in last 24 hours
Cardano $ 0.4792 or 0.99 percent gain in the last 24 hours
Solana $ 38.56 or 0.61 percent gain in the last 24 hours
Dogecoin $ 0.0695 or 0.36 percent gain in the last 24 hours
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