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Cryptocurrency rate today: Although it started a downtrend this week, global Cryptocurrency The market ended with good gains, as it crossed the $930 million mark by the end of the week and remained comfortable at that level by the end of the week. Globalism crypto market The maximum was flat at $930.86 billion on Saturday, July 16, up 0.56 percent over the past 24 hours, according to the data.
“Although this week started in a downtrend with increasing selling pressure, the euro was followed by a drop to its lowest levels against the US dollar. Momentum rebounded in the middle of the week as the cryptocurrency market saw slight growth with bulls attempting to push prices higher,” said Edul Patel, President. CEO and Co-Founder of Mudrex: “
However, analysts at the WazirX trade desk said on Friday that market sentiment “appears to be deepening into the fear zone.”
The world’s largest cryptocurrency, bitcoin price has remained close to the $21,000-a-day mark, while breaking the same levels in the previous session. Today, the bitcoin price is stable at $20,719.83, up 0.77 percent in the past 24 hours, data from CoinMarketCap shows at the time of writing.
“Bitcoin rebounded off the $20,000 mark, after the bulls pushed the coin higher. If buyers can hold bitcoin at the current level, we could see it test $21,000 soon,” Patel said.
Analysts at WazirX Trade Desk commented: “The next resistance level for BTC is expected at $32,300 and the immediate support level is expected at $17,700.”
Meanwhile, Ether stayed above the $1,200 per day mark. At the time of writing this article, the price of Ethereum is standing at $1,213.17, which is a 1.21 percent increase over the past 24 hours.
“Ethereum has outperformed Bitcoin, gaining nearly 12 percent after the launch of Shadow Fork 9 in the lead up to the consolidation. If the market continues at the same pace, we could see Bitcoin trading above $21,000 next week erasing its weekly losses. Overall, the market looks bullish this week,” Patel noted.
Here are the top 10 cryptocurrenciesd prices on July 16, 2022, Saturday, (according to data from coinmarketcap.com)
Bitcoin $20,719.83 or 0.77 percent increase in the past 24 hours
Ethereum $1,213.17 or 1.21 percent gain in the last 24 hours
$0.9998 or 0.02 percent credit in the last 24 hours
USD Coin 0.9998 USD or 0.04 percent loss in the last 24 hours
BNB $236.39 or 0.43 percent loss in the last 24 hours
Binance $0.9992 or 0.23% loss in the last 24 hours
XRP $0.3349 or 1.54 percent loss in the last 24 hours
Cardano $0.4387 or 0.82 percent loss over the past 24 hours
Solana $37.15 or 0.18 percent gain in the last 24 hours
Dogecoin $0.06246 or 0.40 percent over the past 24 hours
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