Cryptocurrency Price Today: The global cryptocurrency market on Monday, August 1, remained largely flat, but remained in the red even as market sentiments seemed to be emerging from the fear zone. The crypto market cap at the time of writing this article was $1.09 trillion, down 1.12 percent from the past day as Bitcoin, Ether, Solana, Dogecoin and other cryptocurrencies broke their winning streak to move slightly lower. to open.
Bitcoin held the $23,000 mark, gaining more than 6 percent in the past seven days, data from CoinMarketCap showed. Today’s Bitcoin price stood at $23,324.99 at the time of writing this article, which is a 1.72 percent drop in the past 24 hours.
Bitcoin has closed in the green for two straight weeks with a jump of just over 3 percent last week and a high of $24,600. Market sentiment also appears to be slowly exiting the ‘fear’ zone as Bitcoin looks bullish. trend for BTC continues to move within a descending triangle pattern but has bounced back from the support level and is in an uptrend. The next major resistance level for BTC is expected at $32,300,” a spokesperson for the WazirX trading desk said.
“Most cryptocurrencies underwent a correction on the last day of the week. Despite the slight decline, Bitcoin remained above the US$23,000 level. If bulls can make a move above the current level today, we could see BTC hit $25,000 soon. On the other hand, Ethereum has had a winning streak in the past two weeks,” said Edul Patel, CEO and co-founder of Mudrex.
In contrast, today’s Ether price is down 0.31 percent to a scale of $1,689.44 at the time of writing this article. Solana, Cardano, XRP and Dogecoin also fell to 3 percent.
“Ethereum is on a winning spree, going green for four weeks in a row. Last week alone saw the price rise more than 5 percent as ETH broke above the previous key resistance level of $1,740. The weekly trend for Ethereum has formed a bearish channel pattern with a recent recovery from its support levels. The next major resistance for Ethereum is expected at the $2,400 level,” the WazirX spokesperson said.
“Ehereum is likely to test the $1,900-2,000 level in the coming days. This trend shows how strong buyers are in the market,” said Patel.
Here are the top 10 cryptocurrencies and their prices as of Monday, August 1, 2022 (according to data from coinmarketcap.com)
Bitcoin $23,324.99 or 1.72 percent loss in the last 24 hours
Ethereum $1,689.44 or 0.31 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 0.00 percent loss in the last 24 hours
BNB $285.96 or 2.42 percent loss in the last 24 hours
XRP $0.3806 or 1.99 percent loss in the last 24 hours
Binance $0.9992 USD or 0.16 percent loss in the last 24 hours
Cardano $0.518 or 2.36 percent loss in the last 24 hours
Solana $42.61 or 3.15 percent loss in the last 24 hours
Dogecoin $0.06948 or 1.54 percent loss in the last 24 hours
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