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Bitcoin bounce to $23,000, Ether in green; Solana faces loss

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Cryptocurrency price today: On Wednesday, August 3, the global cryptocurrency market rebounded slightly after closing in red for four consecutive days, with Bitcoin, Ethereum, Polkadot, Dogecoin and others trading in green. The cryptocurrency market reached $1.07 trillion, up 1.16 percent in the past 24 hours, according to the data.

Bitcoin opened in the green after closing in the red on Tuesday, and jumped to the $23,000 levels on Wednesday at the open. The price of Bitcoin today at the time of writing this article is $2,204.25, up 1.48 percent over the past 24 hours.

“Bitcoin dropped 1 percent yesterday, and closed the day back in negative territory. BTC has now closed in the red for the fourth day in a row. The four-hour trend for BTC continues to cross the bullish channel pattern. The chart bounced from the top of the trend line towards The downside and we can expect this bearish momentum to continue for a few more days before the trend reverses again. The next major resistance level for BTC is expected at $32,300, and the next support is expected at $19,000,” said a spokesperson for the BTC Trade Desk. Wazirx.

The global cryptocurrency market started this month with a correction. Bitcoin dropped below $23,000 on Tuesday as selling pressure increased. However, since BTC is trading sideways this week, it may be able to extend its gains soon,” said Edul Patel, CEO and co-founder of Mudrex.

Meanwhile, Ethereum crossed the $1,600 mark on Wednesday after dropping below the same levels on Tuesday. Today’s Ether price has jumped 3.33 percent at the time of writing to $1,639.63, according to data from CoinMarketCap.

“Ethereum has remained somewhat neutral against Bitcoin over the past week or so, hovering around 0.071 levels. Bitcoin dominance also continues to maintain its position above the 42 percent mark without any significant movement in the past two days. ETH-BTC daily chart continues. In passing the descending triangle pattern to retest the upper trendline of the pattern. The next major support for ETH-BTC is expected at 0.049 and the next resistance is expected at 0.078,” a WazirX spokesperson said.

“On the other hand, Ethereum has bounced off the support at $1,500 and is trading above $1,600. Amidst the ongoing buying, ETH is likely to reclaim $1,700 again in the coming hours,” Patel added.

Here are the top 10 cryptocurrencies and their prices on August 3, 2022, Wednesday, (according to data from coinmarketcap.com)

Bitcoin $23,204.25 or 1.48% gain over the past 24 hours

Ethereum $1,639.63 or 3.33 percent gain in the last 24 hours

Assess a loss of $1.00 or 0.01 percent in the last 24 hours

USD Coin gained $1.00 or 0.00 percent in the last 24 hours

BNB $288.74 or 3.56% gain in the last 24 hours

Binance gains $1.00 or 0.00 percent in the past 24 hours

XRP 0.3709 USD or 0.06% gain in the last 24 hours

Cardano is $0.5074, or 2.71 percent, is a gain in the last 24 hours

Solana $38.76 or 4.96 percent gain in the last 24 hours

Dogecoin $0.06756 or 1.79 percent over the past 24 hours

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