Bitcoin at $21,000 After Shedding 10% in a Week, Ether Price Flat


Cryptocurrency Price Today: The bears are seemingly on the verge of taking on the crypto markets once more because the digital belongings have shed their good points made previous week and tumbled yet one more time. As an impact, the worldwide cryptocurrency market cap has additionally fallen beneath the $1 trillion mark one once more, days after swishing previous it and holding the place. On Wednesday, July 27, the crypto market cap was standing at $977.81 billion, a rise of 0.84 per cent over the day, as per information retrieved from CoinMarketCap.com.

“The crypto market has been on a bearish trend, with the two largest cryptocurrencies, Bitcoin and Ethereum, surrendering their weekly gains over the past two days. The market seems to react to the upcoming Federal Open Market Committee meeting,” stated Edul Patel, CEO and co-founder at Mudrex.

Bitcoin worth at present was standing at $21,210.92 whereas writing this text, up by 0.41 per cent prior to now 24 hours. Over the final seven days, Bitcoin worth has spiraled by 10.40 per cent, thus shedding good points remodeled the previous week.

“Bitcoin hovered across the $21K degree after closing in purple for the final couple of days. The market sentiment continued to heat up in direction of Bitcoin and different cryptos with Institutional traders wanting constructive for the markets to recuperate as inflows into crypto markets continued to rise with almost $16 million flowing into Bitcoin alone prior to now week,” stated analysts on the WazirX commerce desk.

“On the daily time-frame, the trend for BTC is re-testing the triangle pattern at the breakout levels. The next key resistance level for BTC is expected at $32,300 and an immediate support is expected at $19,000.,” they added.

“Bitcoin continued to fall on Tuesday in opposition to the rising quantity and promoting strain. It is probably going that bears may check the US$20,000 zone quickly. On the opposite hand, there are additionally probabilities that traders may push BTC a bit up, perceiving it as a lower-risk asset than others forward of the FOMC assembly,” famous Edul Patel.

Ethereum worth at present on the time of writing this text was giving a price of $1,448.88, up by 1.89 per cent during the last 24 hours. Over the previous seven days, Ether has shed 7.87 per cent of its worth.

“ETH (Ethereum) weakened against Bitcoin in the last few days as the overall crypto markets corrected a bit. The daily chart for ETH-BTC continues to traverse within a descending triangle pattern making lower highs as another downtrend is anticipated after a bounce-off from the pattern resistance level. The next key support for ETH-BTC is expected at 0.049,” stated the WazirX analysts.

Here are the highest 10 cryptocurrencies and their costs on July 27 2022, Wednesday, (According to information from coinmarketcap.com)

Bitcoin $21,210.92 or 0.41 per cent achieve within the final 24 hours

Ethereum $1,448.88 or 1.89 per cent achieve within the final 24 hours

Tether $1.00 or 0.00 per cent achieve within the final 24 hours

USD Coin $1.00 or 0.03 per cent achieve within the final 24 hours

BNB $253.02 or 4.15 per cent achieve within the final 24 hours

Binance USD $1.00 or 0.21 per cent achieve within the final 24 hours

XRP $0.334 or 0.23 per cent achieve within the final 24 hours

Cardano $0.6446 or 0.35 per cent loss within the final 24 hours

Solana $36.77 or 3.12 per cent achieve within the final 24 hours

Dogecoin $0.06266 or 1.74 per cent achieve within the final 24 hours

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