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Bitcoin and Ether Breach Key Levels; Shiba Inu, Dogecoin in green

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Cryptocurrency price today: Starting on a bearish note this week, the global Cryptocurrency The market finished with good gains, as it crossed the $950 million mark by the end of it and remained comfortable at that level by the end of the week. The crypto market The maximum was flat at $953.78 billion on Saturday, July 9, down 1.52 percent over the past 24 hours, according to the data.

“The cryptocurrency market started on a bearish note earlier this week indicating tight price action and gained momentum to track gains in the US stock markets. Most cryptocurrencies continued to rise, leading to Mudrex’s CEO and co-founder Edul Patel. Market boost midweek.

However, Kumar Gaurav, CEO and Founder of Cashaa noted, “We are in a bear market that will intensify. However, the market will present the illusion of growth and will attract people to trade. It is very common to need to show signs of swing to attract capital sitting on the sidelines. But Consolidation is not complete, and the market will correct it further.”

Two days after it climbed to the $22,000 level, bitcoin fell to the $21,000 level on Saturday. Today’s bitcoin price is stable at $21,542.12, down slightly by 0.12 percent over the past 24 hours, data from CoinMarketCap shows at the time of writing.

“Bitcoin has been trying to move higher since June 18 and finally managed to break out of the inverse on July 7, trading above $22,000. This uptrend could trigger price reversals and could take BTC to $25,000 in the coming weeks if the consistency is maintained. ‘ Patel said.

Meanwhile, Ether stayed above the $1,200 per day mark. At the time of writing this article, the price of Ethereum is standing at $1,214.24, a drop of 0.16 percent over the past 24 hours.

“The second largest cryptocurrency, Ethereum is also hovering from $1,073 to $1,246 over the course of the week, expanding its spheres of influence. Changes in the past seven days in ETH price action show that it has added nearly 14.32 percent which helped it navigate In a somewhat recent downtrend. Overall, the market appears to be bullish this week,” Patel added.

“The cryptocurrency market in general has been trading in the green with Bitcoin and Ether seeing a small rally. The main reason for Ether’s surge may be the euphoria about the upcoming Ethereum blockchain consolidation which may have sparked the interest of investors in The most popular digital currency.

Memecoins including Shiba Inu and Dogecoin saw jumps during the day. “The meme coin space has seen a lot of movement with DOGE and SHIB leading the effort. Elon Musk’s statement in support of DOGE added more than $1 billion to the company’s market capitalization and SHIB announced plans to acquire its stablecoin.

Here are the top 10 cryptocurrencies and their prices on July 9, 2022 (according to data from coinmarketcap.com)

Bitcoin $21,542.12 or 0.12% loss over the past 24 hours

Ethereum $1214.24 or 0.16% loss in the last 24 hours

Limit 0.9994 USD or 0.00 percent loss in the last 24 hours

USD Coin 1.00 USD or 0.01 percent loss in the last 24 hours

BNB $242.27 or 0.06% gain in the last 24 hours

Binance gains $1.00 or 0.18 percent over the past 24 hours

XRP $0.3423, or 0.02 percent loss over the past 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% gain in the last 24 hours

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