Cryptocurrency rate today: On Saturday, July 30, the global cryptocurrency market fell slightly on the back of the US economy slumping for two consecutive quarters in a classic definition of approaching recession. Although the Fear and Greed Index had its best performance since April on Friday, investors are expected to be on their toes, which in turn will affect the market. Minor losses incurred by Bitcoin, Ethereum, Dogecoin, Shiba Inu Solana and other major cryptocurrencies sent global markets in the red early Saturday. At the time of writing this article, the cryptocurrency market cap is at $1.10 trillion, down 1.09 percent in the past 24 hours.
“The global cryptocurrency market has been on an upward trajectory since the beginning of the week with minor corrections. Bitcoin, Ethereum, and most cryptocurrencies have all risen over the past seven days,” said Edul Patel, CEO and co-founder of Mudrex, despite the recent US central bank rate hike. However, most cryptocurrencies held their gains.
The cryptocurrency market is seeing a small uptick with heavyweights like Bitcoin and Ethereum posting their best performance recently. It is important to note that the $1.76 billion monthly bitcoin options expiring on Friday could be dominated by bears as bitcoin was unable to break the $24,000 resistance level,” added Tarusha Mittal, COO and Co-founder of UniFarm.
Bitcoin continued its downward trajectory for a second day in a row on Saturday after a two-day rally, but it remained largely flat. Bitcoin price today was standing at $23,798.19 at the time of writing, down 0.84 percent over the past day, according to CoinMarketCap data. On a weekly basis, Bitcoin gained 4 percent.
Bitcoin started the week trading at $22,000 and touched the $24,000 level on Thursday for the first time in a month. However, later in the day, it rebounded to the consolidation point at $23,000. If BTC continues this comfortable rally, it could soon trade at $25,000 next week,” Patel told News18.com.
Ethereum also fell slightly on Saturday but held the $1,700 mark. The price of Ether today at the time of writing this article is $1714.98, a decrease of 1.12 percent over the past 24 hours.
Ethereum is up nearly 5 percent over the past week to build up the strength to take another step. This trend shows how strong the buyers are in the market. In general, the market appears to have moved away from the effects of the downtrend,” Patel noted.
Here are the top 10 cryptocurrencies and their prices on July 30, 2022, Saturday, (according to data from coinmarketcap.com)
Bitcoin $23,798.19 or 0.84 percent loss in the past 24 hours
Ethereum $1,714.98 or 1.12 percent loss in the last 24 hours
Earn $1.00 or 0.01 percent in the last 24 hours
USD Coins $0.9998, or 0.01 percent gain in the past 24 hours
BNB $290.71 or 3.26 percent gain in the last 24 hours
Binance gains $1.00 or 0.16% in the past 24 hours
XRP $0.3682 or 2.57 percent loss over the past 24 hours
Cardano $0.5189, or 3.50 percent loss in the last 24 hours
Solana $42.11 or 4.74 percent loss over the past 24 hours
Dogecoin $0.06915 or a loss of 3.90 percent in the last 24 hours