Bitcoin hits one-month high at $23,000; Dogecoin gains 14%



Cryptocurrency rate today: It appears that the cryptocurrency market has finally made gains as investors have come out of the area of ​​extreme fear, to restore their confidence in the cryptocurrency. Bitcoin surged to a one-month high again for the second time in a row, as the world’s largest crypto token crossed the $23,000 mark, and the global cryptocurrency market cap surged 4.36 percent to expand $1.06 trillion, with major cryptocurrencies including Bitcoin, Ether, Cardano and Dogecoin gain up to 14 percent on the day.

Today’s Bitcoin price was standing at $23,437.33 at the time of writing this article, up 7.36 percent over the past 24 hours. Data from CoinMarketCap today showed that over the past seven days, the price of Bitcoin has increased by 18.01 percent.

“Bitcoin rose about 5 percent yesterday to surpass $23,000 for the first time in more than a month. The MACD index rose above the “0” level, indicating the beginning of a bearish cycle as trading volumes rose on the exchanges. On the daily time frame, BTC trend has broken From the descending triangle pattern, the next major resistance level for Bitcoin is expected to reach $32,300.”

“The weekly RSI dropped below 30 earlier and is now starting to move higher away from that level. Historically, whenever the weekly RSI approached 30, bitcoin made a turnaround and a bullish rally followed as buyers returned. We can see a case Similar is now being repeated, as Bitcoin appears to be in an uptrend.”

Bitcoin and Ethereum continued to move for another day in a row. BTC retested the $23,000 level after weeks of trading between $17,000 and $21,000. Edul Patel, co-founder and CEO of Mudrex, indicated that the next critical level for BTC would be $25,000.

On the other hand, the price of Ether has increased by as much as 42.79 percent over the past seven days. The price of Ethereum today at the time of writing this article was giving a value of $1,536.65, up 0.58 percent over the past 24 hours. Meanwhile, Dogecoin gained more than 14 percent in the past 24 hours while writing this article.

“While on the other hand, Ethereum is up more than 45 percent over the past week, outperforming the market. There may be many reasons for the surge, but consolidation may be one of the prominent ones. The overall market momentum looks bullish as investor sentiment continues to rise.

Here are the top 10 cryptocurrenciesd prices as of July 19, 2022, Tuesday, (according to data from coinmarketcap.com)

Bitcoin $23,437.33 or 7.36% gain in the past 24 hours

Ethereum $1,536.65 or 0.58 percent gain in the last 24 hours

Earn $1.00 or 0.02 percent in the last 24 hours

USD Coin 0.9996 USD or 0.03% loss in the last 24 hours

BNB $267.14 or 2.82% gain in the past 24 hours

XRP $0.3714 or 4.51 percent over the past 24 hours

Cardano $0.5264 or 8.93 percent gain in the last 24 hours

Binance USD 0.9985 or 0.26% loss in the last 24 hours

Solana $44.41 or 1.13 percent gain in the last 24 hours

Dogecoin $0.07414 or 14.11 percent over the past 24 hours

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