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Cryptocurrency Price Today, August 1: Bitcoin value as we speak was standing at $23,324.99 whereas writing this text, which is a fall of 1.72 per cent during the last 24 hours.
Cryptocurrency market cap on Monday stayed above the $1 trillion mark
Cryptocurrency Price Today: The world cryptocurrency market on August 1, Monday, remained largely flat, however stayed in pink even because the market sentiments seemingly was within the technique of popping out of the worry zone. The crypto market cap on the time of writing this text was $1.09 trillion, a fall of 1.12 per cent over the previous day, as Bitcoin, Ether, Solana, Dogecoin and different cryptocurrencies snapped their profitable streaks to open barely decrease.
Bitcoin held the $23,000 mark and gained over 6 per cent over the previous seven days, information from CoinMarketCap confirmed. Bitcoin value as we speak was standing at $23,324.99 whereas writing this text, which is a fall of 1.72 per cent during the last 24 hours.
“Bitcoin has closed in inexperienced for two consecutive weeks with a final week soar of simply over 3 per cent and making a excessive of $24,600. The market sentiment additionally appears to slowly exit the ‘worry’ zone as Bitcoin appears to be like bullish. The weekly development for BTC continues to traverse inside a descending triangle sample, however has bounced off from the help degree and is on an uptrend.. The subsequent key resistance degree for BTC is predicted at $32,300,” stated a spokesperson on the WazirX commerce desk.
“Most cryptocurrencies underwent correction on the final day of the week. Despite the slight decline, Bitcoin remained above the US$23,000 degree. If bulls could make a transfer as we speak above the present degree, we would see BTC touching the US$25,000 quickly. While alternatively, Ethereum has been on a profitable streak for the previous two weeks,” famous Edul Patel, CEO and co-founder of Mudrex.
Ether value as we speak, alternatively, fell by 0.31 per cent to scale $1,689.44 on the time of writing this text. Solana, Cardano, XRP and Dogecoin had been additionally down by as much as 3 per cent.
“Ethereum has been on a profitable spree, closing in inexperienced for fout successive weeks. The previous week alone noticed over a 5 per cent rise within the value as ETH broke above its earlier key resistance degree of $1,740. The weekly development for Ethereum has fashioned a descending channel sample with a latest bounce again from its help ranges. The subsequent key resistance for Ethereum is predicted at $2,400 degree,” stated the WazirX spokesperson.
“Ehereum would possibly probably take a look at the US$1,900-2,000 degree within the coming days. This development exhibits how sturdy consumers are out there,” added Patel.
Here are the highest 10 cryptocurrencies and their costs on August 1, 2022, Monday, (According to information from coinmarketcap.com)
Bitcoin $23,324.99 or 1.72 per cent loss within the final 24 hours
Ethereum $1,689.44 or 0.31 per cent loss within the final 24 hours
Tether $1.00 or 0.01 per cent acquire within the final 24 hours
USD Coin $0.9998 or 0.00 per cent loss in the final 24 hours
BNB $285.96 or 2.42 per cent loss within the final 24 hours
XRP $0.3806 or 1.99 per cent loss within the final 24 hours
Binance USD $0.9992 or 0.16 per cent loss within the final 24 hours
Cardano $0.518 or 2.36 per cent loss within the final 24 hours
Solana $42.61 or 3.15 per cent loss within the final 24 hours
Dogecoin $0.06948 or 1.54 per cent loss within the final 24 hours
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