Cryptocurrency Price Today: The crypto basket fell from its upward journey on Thursday, July 21, as Elon Musk said the day before that Tesla had sold 75 percent of its Bitcoin holdings. Bitcoin plunged to the $22,000 level on Thursday, from the $24,000 level that was scaled Wednesday when the news broke and then major altcoins such as Ether, Solana, Polkadot, Dogecoin and others also took a hit. As a result, the global cryptocurrency market fell 3.96 percent in the past day to $1.03 trillion at the time of writing this article.
Bitcoin price fell 3.93 percent in the past 24 hours today, standing at $22,806.79 according to data from CoinMarketCap at the time of writing this article, as traders took the brunt of Tesla taking 75 percent of its holdings of the cryptocurrency. sold. However, sentiment on Bitcoin continued to improve, reaching its highest since April this year, analysts said.
Bitcoin continued its upward momentum, crossing the $24K level before falling back below $23K as news came in that Tesla had sold nearly 75% of its Bitcoin holdings. highest level since mid-April, 2022,” analysts at the WazirX trading desk said.
“On the daily timeframe, the BTC trend had broken out of the descending triangle pattern before and remains above the pattern even after a small price drop. The next major resistance level for BTC is expected at $32,300,” they added.
Ethereum also fell on the day and failed to hold the $1600 it had hit a few days ago. The Ether price today at the time of writing this article was $1,488.60, down 5.44 percent in the past 24 hours, data from CoinMarketCap shows.
“Ethereum had recently seen a strong rally, reaching above $1,600. However, the last few days have seen the token fall marginally as sellers look for book profits. The daily trend for Ethereum had broken out of the descending triangle pattern and is now testing the breakout levels of the pattern again. The next major resistance for Ethereum is expected at $1,740,” said WazirX analysts.
However, Solana became the biggest loser in the top 10 cryptocurrencies, losing 12 percent, while Cardano lost 9 percent. Among the other major altcoins, Polygon fell 15 percent, while Avalanche fell 10 percent. Memecoins Shiba Inu and Dogecoin were down 9 percent and 7 percent in the past 24 hours.
Here are the top 10 cryptocurrencies and their prices as of July 21, 2022, Thursday, (according to data from coinmarketcap.com)
Bitcoin $22,806.79 or 3.93 percent loss in the last 24 hours
Ethereum $1,488.60 or 5.44 percent loss in the last 24 hours
Tether $1.00 or 0.00 percent loss in the last 24 hours
USD Coin $1.00 or 0.00 percent loss in the last 24 hours
BNB $255.42 or 5.37 percent loss in the last 24 hours
Binance USD $1.00 or 0.10 percent gain in the last 24 hours
XRP $0.3582 or 5.50 percent loss in the last 24 hours
Cardano $0.491 or 9.42 percent loss in the last 24 hours
Solana $41.16 or 9.45 percent loss in the last 24 hours
Dogecoin $0.06883 or 8.66 percent loss in the last 24 hours
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