Bitcoin near $22,000, Ether gains 26% in a week; full list

Cryptocurrency rate today: After days of stagnation, the global cryptocurrency market on Monday, July 18, finally showed some rays of hope as it headed toward the trillion dollar mark again after about a month. Data at the time of writing this article showed that the market capitalization of cryptocurrencies on Monday amounted to $998.41 billion, up 2.27 percent from the previous day. This was supported by gains in major cryptocurrencies including Bitcoin, Ethereum, Solana, and others, which are up as much as 25 percent over the past week.

Today’s Bitcoin price crossed the $21,000 mark and touched nearly $22,000 as I write this article, as market sentiment improves regarding the world’s largest cryptocurrency. Bitcoin is trading at $21890.50 at 1211 IST, up 2.44 percent in the past 24 hours, and up 7.19 percent in the past seven days.

The weekend saw Bitcoin cross and maintain its position above the $21,000 level. Market sentiment toward bitcoin has improved in the past two days, surpassing 20, while still in the “extreme fear” area. The 12 hour chart of Bitcoin has formed a distinct channel pattern. The next resistance level for BTC is expected at $32,300 and the immediate support level is expected at $17,700. “The weekly RSI rose above 30 for the first time in more than a month,” said analysts at the WazirX Trade Desk.

“Most of the cryptocurrencies fluctuated over the weekend as the bears became active. Despite the decline, Bitcoin remained above the $20,000 level, which indicates that the selling volume has decreased. BTC is likely to trade between $20,000 and $21,000. American in the coming days,” added Edul Patel, CEO and co-founder of Mudrex.

Ethereum emerged as the biggest gainer among the top 10 cryptocurrencies in the past seven days with altcoin trading up 25.70 percent during the period, data from CoinMarketCap at 1211 IST showed. The price of Ethereum today at the time of writing stood at $1,433.74, an increase of 5.81 percent over the past 24 hours.

Ethereum gained nearly 14% in the past week, eventually breaking above the key resistance level at $1,280. The token gained another 6% earlier today, breaking the $1,400 mark. The recent upside is mainly due to extensive testing of the soon-to-be-arrived Ethereum consolidation that will move its algorithm from Proof-of-Work (POW) to Proof of Stake (POS),” WazirX analysts said.

“The second largest cryptocurrency, Ethereum, has gained close to 17% over the past seven days trading above $1,300 for the first time in a month as the consolidation process approaches. Interestingly, Ethereum led the rally last week despite BTC’s dominance in the market, Patel noted.

Here are the top 10 cryptocurrenciesd their prices on July 18, 2022, Monday, (according to data from coinmarketcap.com)

Bitcoin $21890.50 or 2.44 percent over the past 24 hours

Ethereum $1,433.74 or 5.81 percent gain in the last 24 hours

Limit 0.9998 USD or 0.00 percent loss in the last 24 hours

USD Coin $0.9999 or 0.02 percent loss in the last 24 hours

BNB $257.69 or 1.84% gain in the last 24 hours

XRP $0.3637 or 2.31 percent over the past 24 hours

Binance $0.9993 or 0.23% 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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