Cryptocurrency Price Today: The cryptocurrency market maintained its position during early trading on Monday, July 4, after being in consolidation over the past week. At the time of writing this article the global cryptocurrency market cap was seen in the green with a value of $865.24 billion, up a modest 0.02 percent over the past 24 hours. However, it could not cross the $900 million mark at the beginning of the week as investors still remain in the extreme fear zone due to market volatility.
“The market has remained strong since last one week. Consolidation is generally considered a good sign as it allows the market to recover. The $18,850 support level and $21,000 resistance level in BTC will be closely monitored by market participants,” said Edul Patel, CEO and co-founder of Mudrex.
The price of Bitcoin, the world’s largest cryptocurrency by market cap, remained below $20,000 for another day. At the time of writing, the price of bitcoin is recorded today at $19,130.53, which is a slight increase of 0.39 percent from the previous day.
“Bitcoin is down more than 8 percent that week, hovering around the $19,000 level. There has been a slight improvement in overall market sentiment, but still remains in “extreme fear” territory. Interestingly, on On-chain data shows that whales holding more than 1000 BTC are accumulating tokens despite negative sentiment. BTC daily trend is trending within a descending channel pattern. The next major support is expected at $14,000. Daily RSI is slightly below 30 level, which is in oversold zone,” said WazirX Trade Desk.
Meanwhile, Ether price remained flat today and barely held above $1,000 but maintained its important support level. At the time of writing this article, Ethereum was trading at $1,054.62, down 0.47 percent over the past 24 hours.
“Ether, the second largest crypto, has however been able to hold significant support levels. Transaction fees on Ethereum have fallen to 2-year lows, and we may see some developers taking advantage of this. In the coming days Will be interesting for the crypto market,” Patel said.
Here are the top 10 cryptocurrencies and their prices as of Monday, July 4, 2022 (according to data from coinmarketcap.com)
Bitcoin is up $19,130.53, or 0.39 percent, in the last 24 hours
Ethereum lost $1,054.62, or 0.47 percent in the last 24 hours
Tether $0.99991 or 0.00 percent increase in last 24 hours
USD coin up by $1.00 or 0.03 percent in last 24 hours
BNB has lost $216.89 or 0.62 percent in the last 24 hours
Binance USD is up $1.00 or 0.13 percent in the last 24 hours
XRP is up $0.3183 or 2.07 percent in the last 24 hours
Cardano is up $0.4505 or 0.63 percent in the last 24 hours
Solana is up $32.93 or 0.71 percent in the last 24 hours
Dogecoin up $0.06647 or 0.57 percent over the last 24 hours
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