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Bitcoin fell to $22,000; Ether and Polkadot lose up to 12% in one day

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Cryptocurrency price today: The global cryptocurrency market on August 2, Tuesday, took a bigger hit as it struggled to extend the gains made during the month of July. Trading volumes on the day remained muted with a 5.51 percent increase over the past 24 hours as investors took control of activities due to the apparent economic slowdown across the globe. Cryptocurrency market capitalization is down 3.06 percent over the past day to $1.05 trillion at the time of writing, with major cryptocurrencies — including Bitcoin, Ethereum, Polygon, Shiba Inu, Dogecoin and Polkadot — all down 12 percent at the time of writing. cent during the same time frame.

Bitcoin dropped back to $22,000 levels after it approached the $25,000 mark at the end of last month and closed in the red for three consecutive days until Monday. Data from CoinMarketCap showed that the price of Bitcoin today at the time of writing was $22,834.62, down 1.98 percent over the past 24 hours.

“After exceeding the $24,000 level, bitcoin has fallen marginally and closed in the red for three consecutive days. Meanwhile, the data shows that long-term investors have raised close to $64 billion worth of bitcoin in the past 12 months. The trend continues. Every 4 hours for BTC in the ascending channel pattern The next major resistance level for BTC is expected at $32,300 A spokesperson for WazirX Trade Desk said on Tuesday, “The daily RSI maintains a strong position above the 50 level.”

Ethereum also fell to the $1,500 level, after breaking through the $1,700 level during the end of July in a consecutive rally. On Tuesday, Ethereum has lost nearly 7 percent since its opening. Today, the price of Ether settled at $1,581.80, down 6.29 percent over the past 24 hours.

Ethereum fell more than 3 percent yesterday and eventually fell below the $1,600 level. Trading volumes have been tepid over the past few days with sellers dominating the markets. The weekly trend of Ethereum has formed a bearish channel pattern with a recent bounce from the support levels. The next major resistance for Ethereum is expected to be at the $2,400 level. “The daily RSI remains above the 50 level,” a WazirX Trade Desk spokesperson said today.

Here are the top 10 cryptocurrencies and their prices on August 2, 2022, Tuesday (according to data from coinmarketcap.com)

Bitcoin $22,834.62 or 1.98% loss in the past 24 hours

Ethereum $1,581.80 or 6.29 percent loss in the last 24 hours

Tie a gain of $1.00 or 0.00 percent in the last 24 hours

USD Coin – gains of 1.00 USD or 0.01 percent in the last 24 hours

BNB $278.28 or 3.20 percent loss in the last 24 hours

Binance $0.9999 or 0.08 percent loss in the past 24 hours

XRP 0.3704 USD, or 2.33 percent loss in the last 24 hours

Cardano $0.4924 or 5.04 percent loss in the last 24 hours

Solana $40.19 or 6.94 percent loss in the last 24 hours

Dogecoin 0.06624 USD, or 4.39 percent loss in the past 24 hours

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