Bitcoin Back at $21,000, Ether Holds $1,500; full list

Cryptocurrency rate today: After a short effort to break out of the bear markets last week, the cryptocurrency market faced some difficulties while starting the current week. As a result of falling prices for cryptocurrencies including Bitcoin, Ether, Solana and Polkadot as the week began, the global cryptocurrency market cap fell on Monday, July 25, by 3.06 percent over the past day to $1.01 trillion.

Bitcoin lost gains over the past week that made it to a one-month high of $23,000 and fell below $22,000 levels on Monday. Today’s Bitcoin price is down 3.76 percent in the past 24 hours to stand at $21927.40 according to data from CoinMarketCap at the time of writing this article. Bitcoin’s downtrend began over the past weekend, with Elon Musk’s Tesla announcing that it had sold 75 percent of its BTC holdings.

“After a brief recovery, bitcoin traded sideways on Sunday, dropping to the $22,000 level after touching $23,000 last week. Despite the decline as selling pressure increased, BTC held a 6% gain from the previous week. We may see BTC rise towards the $24,000 level this week as seller strength is accompanied by a large volume.Although things look favorable for buyers, there is also a possibility that BTC will drop to the $20,000 level if it breaks below the current level, said Edul Patel, CEO and Co-Founder of Mudrex.

Bitcoin has held steady around the $23,000 level with a slight price drop in the past two days, as sellers dominate the market. On the 4 hour time frame, BTC trend has broken the ascending channel pattern and is now retesting the resistance levels of the pattern. The next major resistance level for BTC is expected at $32,300. “We can expect price movement towards the $25,000 level in the coming days,” said analysts at WazirX Trade Desk.

On the other hand, Ethereum maintained the $1,500 level despite the decline. Data from CoinMarketCap showed that the price of Ether today at the time of writing was $1,521.88, down 5.66 percent in the past 24 hours.

Ethereum continued to maintain a strong position above the $1,500 level. ETH vs Bitcoin has been in an overall bullish trend since last week or so with the Bitcoin Dominance Index dropping below the 43% level. ETH-BTC weekly chart continues to cross the descending triangle pattern and is on the verge of a breach. The next major resistance for ETH-BTC is expected at 0.076.

Here are the top 10 cryptocurrencies and their prices on July 25, 2022, Monday (according to data from coinmarketcap.com)

Bitcoin $21,927.40 or 3.76% loss in the past 24 hours

Ethereum $1,521.88 or a loss of 5.66 percent in the past 24 hours

Earn $1.00 or 0.01 percent in the last 24 hours

USD Coin 0.9998 USD or 0.03% loss in the last 24 hours

BNB $255.48 or 2.91 percent loss in the last 24 hours

Binance $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 over the past 24 hours

Dogecoin $0.06511 or 5.23 percent loss over the past 24 hours

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