Today Cryptocurrency Price: Major cryptocurrencies including Bitcoin, Ethereum as well as memecoins such as Shiba Inu and Dogecoin lost their values on Monday, July 11, taking the global cryptocurrency market into the red zone. Global cryptocurrency market It continued to widen its weekend losses, as investors eagerly await US inflation numbers, which fell 2.95 percent over the past 24 hours to $915.25 billion.
Cryptocurrencies including Bitcoin, Ethereum, Solana, XRP and Polkadot remained in the red for the day. Data from CoinMarketCap shows that the price of bitcoin recorded a value of $20,505.13 at 1052 IST today, which is 0.23 percent lower than the previous day.
“Last week, bitcoin was on an uptrend and crossed the $22,000 level with the US Fed saying bearish concerns are exaggerated. However, BTC fell below $21K over the weekend. 4-Hours In the time frame, BTC charts have broken out of the triangle pattern. Although the trend has declined marginally and is retesting the pattern. Daily RSI which was earlier rising to 50, has fallen to 40 level over the past few days. and trading volumes were extremely low during the same period. The next major support for bitcoin is $14,000,” said analysts at WazirX Trade Desk.
Bitcoin, Ethereum and most cryptocurrencies have declined over the past 24 hours due to the increase in selling prices on Sunday. Bitcoin is down about 4% since the past day. If the bulls can hold the bar above the $21,000 level, we could see a sharp upward move,” said Edul Patel, CEO and co-founder of Mudrex.
Meanwhile, Ethereum was comfortably trading at the $1,100 mark. At the time of writing this article, the price of Ether fell 0.00 percent today to $1,150.20. Ethereum prices have fallen by more than 3 percent since the past week.
“On the other hand, as the price of Ethereum also falls, the revenues of projects based on the network are also falling sharply. ETH is down by about 5%, and is about to test its support level at US$1,200. If buyers lose control of sellers, we could see Ethereum falling towards the $1,000 area,” Patel said.
“Ethereum has been closing in the red for the past 3 to 4 days since it started last week. ETH has declined marginally against Bitcoin over the past few days as the Bitcoin dominance index crossed the 44% level The weekly chart for ETH-BTC continues to move higher within an ascending channel pattern, trading at support levels,” said the WazirX analyst.
Here are the top 10 cryptocurrencies and their prices as of Monday, July 11, 2022 (according to data from coinmarketcap.com)
Bitcoin lost $20,505.13 or 0.23 percent in the last 24 hours
Ethereum lost $1,150.20 or 0.00 percent in the last 24 hours
Tether is up $0.9996, or 0.01 percent, in the last 24 hours
USD coin up $0.9999 or 0.01 percent in last 24 hours
BNB is up $231.68, or 0.06 percent, in the last 24 hours
Binance USD is up $1.00 or 0.16 percent in the last 24 hours
XRP lost $0.3215 or 0.68 percent in the last 24 hours
Cardano is up $0.4531 or 0.02 percent in the last 24 hours
Solana lost $35.55, or 0.33 percent, in the last 24 hours
Dogecoin $0.06596 or 0.20 percent loss in the last 24 hours
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