Today Cryptocurrency Price: With the start of a recession this week, global cryptocurrency The market ended with good gains, crossing the $950 million mark at the end of the week and remained comfortably at that level till the end of the week. crypto market The cap stood at $953.78 billion on Saturday, July 9, down 1.52 percent in the past 24 hours, according to the data.
“The crypto market started off on a bearish note earlier this week, indicating narrow price action and momentum tracking leverage in US equity markets. Edul Patel, CEO and co-founder of Mudrex said, Most cryptocurrencies continued to strengthen the market mid-week.”
However, Kumar Gaurav, CEO and Founder of Casa said, “We are in a bear market which will intensify. However, the market will present the illusion of growth and entice people to trade. Swings to attract capital sitting on the sidelines It’s too standard to need to show signs of K. But the consolidation isn’t complete, and the market will correct it further.
Two days after crossing the $22,000 level, bitcoin hit the $21,000 level on Saturday. Data from CoinMarketCap at the time of writing this article shows that the price of bitcoin was today $21,542.12 in the past 24 hours, down 0.12 percent over the past 24 hours.
“Bitcoin has been attempting an upward move since 18 June and finally managed to exit an inversion on 7 July, trading above the $22,000 level. This bullish trend could lead to a price reversal. And it could take BTC to $25,000 in the coming weeks, if stability is maintained,” Patel said.
Meanwhile, Ether held above the $1200 mark on the day. At the time of writing this article, Ethereum was priced at $1,214.24, down 0.16 percent over the past 24 hours.
“Ethereum, the second-largest cryptocurrency, also hovered from $1,073 to $1,246 during the week, expanding its sphere of influence. The change in price behavior of ETH over the past seven days shows that it is up around 14.32 percent This has helped it navigate the recent bearish trend to an extent. Overall, the market looks bullish this week,” Patel said.
“The overall crypto market trades in the green with a mini rally with Bitcoin and Ether. The surge of Ether could be mainly due to the excitement around the upcoming Ethereum blockchain merge, which sparked investor interest in the most popular altcoin Maybe,” commented Tarusha Mittal, co-founder and COO at Uniform.
Memecoin, including Shiba Inu and Dogecoin, saw a jump throughout the day. “The meme coin space saw a lot of commotion with DOGE and SHIB. Elon Musk’s statement in support of DOGE increased its market cap by over $1 billion and SHIB announced plans to hold its own stablecoin, Mittal said.
Here are the top 10 cryptocurrencies and their prices as of July 9, 2022, (according to data from coinmarketcap.com)
Bitcoin lost $21,542.12 or 0.12 percent in the last 24 hours
Ethereum lost $1,214.24, or 0.16 percent in the last 24 hours
Tether $0.99994 or 0.00 percent loss in the last 24 hours
USD coin loss of $1.00 or 0.01 percent in last 24 hours
BNB is up $242.27, or 0.06 percent, in the last 24 hours
Binance USD up $1.00 or 0.18 percent in last 24 hours
XRP lost $0.3423 or 0.02 percent in the last 24 hours
Cardano gained $0.4792 or 0.99 percent in the last 24 hours
Solana gained $38.56, or 0.61 percent in the last 24 hours
Dogecoin up $0.0695 or 0.36 percent in the last 24 hours
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