Today Cryptocurrency Price: The cryptocurrency market was back in the red zone on Tuesday, July 12 as investor sentiment turned negative against volatility in the stock market. The global cryptocurrency market fell below the $900 million mark, registering a value of $877.60 billion. According to the data, this is a decrease of 3.63 percent over the past 24 hours, as major crypto coins including Bitcoin and Ethereum fell during the day.
Bitcoin fell again that day as investors refused to invest in the world’s largest cryptocurrency by market cap. Bitcoin price today recorded a price of $19,744.64 at 1318 IST, which is 0.57 percent lower than the previous day.
“Bitcoin is down more than 7% over the past few days and fell below the $20K level after failing to stay above $22K. BTC market sentiment also weakened as fears loomed large with the price drop. Daily On the time frame, BTC chart is trending within a descending channel pattern. The daily RSI is approaching oversold territory and we can expect investors to re-enter this level. Maintaining momentum above the $22K level Failure to hold could cause BTC to drop further. Immediate support for Bitcoin is expected at $17,700,” said analysts at WazirX Trade Desk.
On the other hand, Ethereum, the world’s second largest crypto coin, was barely over the $1,000 mark. At the time of writing this article, the price of Ether also fell 1.01 percent to $1,069.40 today.
“Ethereum closed in the red once again yesterday, down nearly 6 percent. ETH tried to cross the $1,280 resistance several times but always faced rejection. The daily trend for Ethereum took a descending turn. A triangle pattern has formed and is trading close to the support levels. The daily RSI has declined below the 40 level and is rapidly moving into the oversold zone. An immediate support for Ethereum is expected at $890.” analysts said.
“The crypto recession is a reality that is becoming more and more real with each passing day. Moreover, it is not restricted by geographic boundaries. The list of cryptocurrency stakeholders continues to grow, with the latest being added such as – Singapore-based Wald (which stopped customer withdrawals), Voyager Digital (filed for bankruptcy), and Huobi Thailand (closed July 1),” said Kumar Gaurav, CEO and founder of Casa.
Here are the top 10 cryptocurrencies and their prices as of Tuesday, July 12, 2022 (according to data from coinmarketcap.com)
Bitcoin lost $19,744.64, or 0.57 percent, in the last 24 hours
Ethereum Lost $1,069.40 or 1.01 percent in the last 24 hours
Tether lost $0.99992 or 0.01 percent in the last 24 hours
USD coin loss of $1.00 or 0.02 percent in last 24 hours
BNB is up $223.18, or 0.49 percent, in the last 24 hours
Binance USD up $1.00, or 0.03 percent in the last 24 hours
XRP lost $0.3109 or 1.28 percent in the last 24 hours
Cardano has lost $0.4322 or 0.75 percent in the last 24 hours
Solana has lost $33.48, or 0.34 percent, in the last 24 hours
Dogecoin is $0.06175 or 0.47 percent loss in the last 24 hours