Cryptocurrency Price Today: After a brief effort to get out of the bear markets last week, the crypto market faced a few bumps during the start of the current week. As an effect of cryptocurrencies including Bitcoin, Ether, Solana and Polkadot, which plummeted early in the week, the global cryptocurrency market cap fell 3.06 percent in the past day to $1.01 trillion on Monday, July 25.
Bitcoin lost its gains from the past week, hitting its month-to-month high of $23,000 and dropping below the $22,000 level on Monday. Bitcoin price dropped 3.76 percent in the past 24 hours today, standing at $21,927.40 according to data from CoinMarketCap at the time of writing this article. Bitcoin’s downward trend started late last week when Elon Musk’s Tesla announced it was selling 75 percent of its BTC shares.
“After a brief rally of relief, Bitcoin traded sideways on Sunday, falling to the US$22,000 level after hitting above the US$23,000 level in the past week. Despite the decline with increasing selling pressure, BTC has maintained a gain of 6% from the previous week. We may see BTC rise towards the $24,000 level this week as seller power comes with high volume. While things look favorable for buyers, there are also chances that BTC will fall to the $20,000 level if it falls below current levels,” said Edul Patel, CEO and co-founder of Mudrex.
Bitcoin has held steady around the $23,000 level with a small price drop in recent days as sellers dominated the market. On the 4-hour time frame, the BTC trend has broken out of the rising channel pattern and is now testing the pattern’s resistance levels again The next major resistance level for BTC is expected at $32,300. We can expect a price move towards the $25,000 level in the coming days,” analysts at the WazirX trading desk said.
Ethereum, on the other hand, maintained its $1,500 level despite a decline. Today’s Ether price was $1,521.88 at the time of writing this article, down 5.66 percent in the past 24 hours, according to a report. data from CoinMarketCap.
Ethereum continued to hold a strong position above the $1,500 level. ETH against Bitcoin has been in an overall upward trend since the past week, with Bitcoin’s dominance index diving below the 43% level. The weekly chart for ETH-BTC continues to move within a pattern of descending triangles and is about to break out. The next key resistance for ETH-BTC is expected at 0.076.
Here are the top 10 cryptocurrencies and their prices as of July 25, 2022, Monday, (according to data from coinmarketcap.com)
Bitcoin $21,927.40 or 3.76 percent loss in the last 24 hours
Ethereum $1,521.88 or 5.66 percent loss in the last 24 hours
Tether $1.00 or 0.01 percent gain in the last 24 hours
USD coin $0.9998 or 0.03 percent loss in the last 24 hours
BNB $255.48 or 2.91 percent loss in the last 24 hours
Binance USD $1.00 or 0.07 percent loss in the last 24 hours
XRP $0.3453 or 4.74 percent loss in the last 24 hours
Cardano $0.4941 or 4.70 percent loss in the last 24 hours
Solana $38.43 or 5.79 percent loss in the last 24 hours
Dogecoin $0.06511 or 5.23 percent loss in the last 24 hours
Read all Latest news and Important news here
