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Cryptocurrency price today: On August 1, Monday, the global cryptocurrency market was largely flat, but remained in the red even though market sentiment appeared to be on its way out of its fear zone. The market capitalization of cryptocurrencies at the time of this writing was $1.09 trillion, down 1.12 percent over the past day, as Bitcoin, Ether, Solana, Dogecoin and other cryptocurrencies cut their winning streak to open slightly lower.
Data from CoinMarketCap showed that Bitcoin held the $23,000 mark and gained more than 6 percent over the past seven days. The price of Bitcoin today was standing at $23,324.99 at the time of writing this article, a decrease of 1.72 percent over the past 24 hours.
“Bitcoin has closed in the green for two consecutive weeks with last week jumping just over 3 percent and making a high of $24,600. It also appears that market sentiment is slowly emerging from its “fear” territory as Bitcoin looks bullish. BTC’s weekly trend continues to cross The descending triangle pattern, but bounced from the support level and is in an uptrend.. The next major resistance level for BTC is expected at $32,300,” a spokesperson for WazirX Trade Desk said.
“Most of the cryptocurrencies underwent a correction on the last day of the week. Despite the slight dip, Bitcoin remains above the $23,000 level. If the bulls manage to move above the current level today, we could see BTC touch $25,000 soon. On the other hand, Ethereum has been on a winning streak over the past two weeks,” noted Edul Patel, CEO and Co-Founder of Mudrex.
On the other hand, today Ether is down 0.31 percent to $1,689.44 at the time of writing. Solana, Cardano, XRP and Dogecoin are also down as much as 3 percent.
“Ethereum has been on a winning spree, closing in the green for weeks on end. Last week alone saw a 5 percent rally in price as ETH broke the previous key resistance of $1,740. Ethereum’s weekly trend formed a bearish channel pattern with the recent bounce from the $1,740 levels. Support. The next major resistance for Ethereum is expected to be at the $2,400 level,” a WazirX spokesperson said.
“Ehereum is likely to test the $1900-2000 level in the coming days. This trend shows how strong the buyers are in the market.”
Here are the top 10 cryptocurrencies and their prices on August 1, 2022, Monday (according to data from coinmarketcap.com)
Bitcoin $23,324.99 or 1.72% loss over the past 24 hours
Ethereum $1,689.44 or 0.31 percent loss in the last 24 hours
Earn $1.00 or 0.01 percent in the last 24 hours
USD Coin 0.9998 USD or 0.00 percent loss in the last 24 hours
BNB $285.96 or 2.42 percent loss over the past 24 hours
XRP $0.3806 or 1.99 percent loss over the past 24 hours
Binance $0.9992, or 0.16% loss in the last 24 hours
Cardano $0.518 or 2.36 percent loss over the past 24 hours
Solana $42.61 or 3.15 percent loss over the past 24 hours
Dogecoin $0.06948 or 1.54 percent loss over the past 24 hours
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