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Cryptocurrency rate today: After more than a month of flying in and out of the $900 million level, the global cryptocurrency market on Tuesday, July 19, broke the $1 trillion mark. This was the first time that market capitalization exceeded levels since June 13, amid a crypto winter that engulfed traders around the world. The global cryptocurrency market cap is trading at $1.02 trillion at the time of writing, a 1.93 percent jump over the past day, according to the data. Investors are finally out of the area of intense fear after months, as Bitcoin, Ethereum, Dogecoin, Solana and others showed significant gains as the week started.
Today, the price of Bitcoin broke through the levels of $22,000 to mark its highest level in one month. At the time of writing this article, the world’s largest cryptocurrency is worth $22,079.39, according to data from CoinMarketCap. That was a 0.40 percent jump over the past 24 hours, and 10.91 percent over the past week.
Bitcoin continued its upward trend to climb above the $22,000 level. Market sentiment towards Bitcoin finally broke out of the “extreme fear” area and is at its highest level in more than 3 months. BTC 12 hour chart has broken the channel pattern. The next major resistance level for BTC is expected at $32,300 and the immediate support level is expected at $17,700. The daily RSI continues to remain in a healthy territory above the 50 level. We can expect the upward trend to continue in the coming weeks, said analysts at the WazirX Trade Desk.
Ethereum has outpaced Bitcoin’s rally over the past week, gaining more than 40 percent over the same time period and climbing to the $1,600 mark for the first time in over a month. Today, the price of Ether settled at $1,536.66, an increase of 5.98 percent over the past 24 hours.
Ethereum continued to rise with gains of nearly 20 percent yesterday alone. Ethereum topped $1,600 for the first time in over a month as Total Crypto markets reclaimed $1 trillion. On the daily time frame, the Ethereum trend has broken out of the descending channel pattern. The next major resistance for Ethereum is expected at $1,740,” WazirX analysts said.
Here are the top 10 cryptocurrenciesd prices as of July 19, 2022, Tuesday, (according to data from coinmarketcap.com)
Bitcoin $22,079.39 or 0.40% increase in the past 24 hours
Ethereum $1,536.66 or 5.98 percent gain in the last 24 hours
Tie $0.9998 or 0.01 percent gain in the last 24 hours
USD Coin gained $1.00 or 0.05 percent in the last 24 hours
$260.87 BNB or 1.02 percent gain in the last 24 hours
Binance $0.9991 or 0.01 percent loss in the last 24 hours
XRP $0.3571 or 1.72% loss in the last 24 hours
Cardano $0.4821, or 2.53 percent gain in the last 24 hours
Solana $43.46 or 4.15 per cent gain in the past 24 hours
Dogecoin – 0.06638 USD – 1.03 percent gain in the last 24 hours
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