[ad_1]
Cryptocurrency Price Today: The global cryptocurrency market on Tuesday, July 5th had a fun ride early in the day as it jumped into the green, followed by a rally in major cryptocurrencies including Bitcoin, Ethereum, Solana and BNB. These cryptocurrencies surged more than 9 percent, sending the cryptocurrency market cap to over $900 million in March, about a week later. However, investors remained in a zone of intense fear even, according to experts.
The global cryptocurrency market cap is seen in green today, rising by 5.62 percent in the past 24 hours. The global cryptocurrency market capitalization reached $914.59 billion at the time of writing, finally surpassing the $900 mark days later. Meanwhile, the volume of the cryptocurrency market has also seen a massive jump of more than 52 percent over the past day, data from CoinMarketCap showed.
Bitcoin re-emerged on the day as it crossed the $20,000 levels after several days and stayed comfortably in that territory. Today’s Bitcoin price has recorded a value of $20,315.72 at the time of writing, which is a decent 6.11 percent rise over the past day. However, in the past seven days, the price of Bitcoin has fallen by more than 2 percent.
“Bitcoin gained more than 4 percent yesterday, breaking through the $20,000 level. Trading volumes have been significantly lower in the past three or four days, but the majority have been buyers. Although market sentiment continued to remain in the “extreme fear” area, However, the index reached its highest level in nearly two months, which is an indication that investors are slowly gearing up towards the crypto markets.”
The daily trend of Bitcoin continues to move inside the descending channel pattern. An immediate resistance is expected at $32,300, and the next major support is expected at $14,000. The daily RSI bounced back around 36, to break out of the oversold territory. With market sentiment and technical indicators, we are likely to see a bullish pattern forming,” the cryptocurrency exchange analysts added.
Meanwhile, the price of Ether today has seen a huge jump to surpass $1,100. At the time of writing this article, the price of Ethereum stands at $1,159.52
, which rose by 9.83 percent in the past 24 hours. Solana and BNP shares are also up as much as 9.35 percent on the day.
Here are the top 10 cryptocurrencies and their prices on July 5, 2022, Tuesday (according to data from coinmarketcap.com)
Bitcoin $20,315.72 or 6.11% gain in the past 24 hours
Ethereum $1,159.52 or 9.83 percent gain in the last 24 hours
Hook up $0.9992 or 0.01 percent gain in the last 24 hours
USD Coin gained $1.00 or 0.03 percent in the last 24 hours
BNB $234.73 or 8.16 percent gain in the last 24 hours
Binance $1.00 or 0.02% loss in the last 24 hours
XRP $0.3266 or 2.59% gain in the last 24 hours
Cardano $0.468 or 3.91 percent gain in the last 24 hours
Solana $35.32 or 9.35 percent gain in the last 24 hours
Dogecoin $0.06952 or 4.72 percent gain in the past 24 hours
Read all files latest newsAnd the Breaking newsWatch The most important videos And the live tv over here.
[ad_2]
Source link
