Cryptocurrency Price Today: The global cryptocurrency market was in for a pleasant ride at the start of the day on Tuesday, July 5, as it moved into the green zone, followed by a rally of major crypto coins including Bitcoin, Ethereum, Solana and BNB. After nearly a week, these cryptocurrencies have gained over 9 percent, pulling the crypto market cap above $900 million in March. However, according to experts, investors still remain in the extreme fear zone.
The global cryptocurrency market capitalization was seen in the green on the day, having gained a good 5.62 percent over the past 24 hours. The global crypto market cap was valued at $914.59 billion at the time of writing this article, eventually crossing the $900 mark days later. Meanwhile, data from CoinMarketCap shows that the crypto market saw a massive jump of over 52 percent in volume over the past day.
Bitcoin bounced back when it crossed the $20,000 level after several days and remained comfortable in that area. At the time of writing, the price of bitcoin was recorded today at $20,315.72, which is a good 6.11 percent increase over the previous day. However, the price of bitcoin has fallen by more than 2 percent in the past seven days.
“Bitcoin is up more than 4% yesterday, above the $20,000 level. Trading volumes were fairly low over the past three to four days, but most buyers were. Although market sentiment remains in “highly fear” territory, the index is almost is at its highest level in two months, a sign that investors are slowly moving towards the crypto markets,” said the WazirX trading desk.
“The daily trend for BTC continues to move within a descending channel pattern. Immediate resistance is expected at $32,300 and the next major support is expected at $14,000. Breaking out of the oversold zone, the daily RSI is back at around 36. As per the market sentiment and technical indicators, we can potentially see the formation of a bullish pattern,” said analysts at the crypto exchange firm.
Meanwhile, Ether price took a huge jump today and went above the $1100 mark. At the time of writing this article, the price of Ethereum is $1,159.52 . Was
, which is an increase of 9.83 percent in the last 24 hours. Solana and BNB also rose up to 9.35 per cent on the day.
Here are the top 10 cryptocurrencies and their prices as of Tuesday, July 5th, 2022 (according to data from coinmarketcap.com)
Bitcoin is up $20,315.72 or 6.11 percent in the last 24 hours
Ethereum up $1,159.52 or 9.83 percent in last 24 hours
Tether is up $0.99992 or 0.01 percent in the last 24 hours
USD coin up by $1.00 or 0.03 percent in last 24 hours
BNB is up $234.73 or 8.16 percent in the last 24 hours
Binance USD lost $1.00 or 0.02 percent in the last 24 hours
XRP is up $0.3266 or 2.59 percent in the last 24 hours
Cardano is up $0.468 or 3.91 percent in the last 24 hours
Solana up $35.32 or 9.35 percent over the last 24 hours
Dogecoin up $0.06952 or 4.72 percent in the last 24 hours
read all breaking news, today’s fresh newswatch top videos And live TV Here.