Bitcoin Breaks $20,000, Ether, Solana Gain Up to 4%; Full List


Cryptocurrency Price Today: In a shock transfer, the cryptocurrency market on Thursday, July 14, rose close to the $900 million stage even because the US inflation soared to a 4 decade excessive as per information revealed by the federal government a day again. The crypto market cap was standing at $896.46 billion on the day, up by 1.52 per cent over the previous 24 hours, as per information.

“In an interesting but much-anticipated development, US inflation soared to 41 years high as suggested by the latest CPI day. The high inflation numbers released by the US labor statistics showed an immediate impact on the crypto market as Bitcoin prices slumped by 4.2% to about $19200 but slightly recovered towards the end of the day trade,” stated Charles Tan, CMO of Atato, a licensed MPC Custodian Wallet

“For traders, it signifies that Fed continues to take strict measures to regulate inflation which can end in one other price hike. The high-interest price could discourage borrowing and thus lower the fund inflow within the monetary markets together with the crypto market. The sellers will proceed to dominate the market and the state of affairs could stay the identical until inflation numbers calm down,” he added.

Days after it dipped under the $20,000 mark, Bitcoin recovered to go above the identical ranges on the day. Bitcoin worth right now stood at $20,037.01, up by a slight 2.84 per cent over the previous 24 hours, information from CoinMarketCap confirmed on the time of writing this text.

“Bitcoin continued its sideways motion, buying and selling simply above the $20,000 stage because the bearish sentiment continues to prevail by way of the crypto markets. The weekly chart for BTC is on a downward development, traversing inside a descending triangle sample. The weekly RSI continues to stay within the oversold zone, reeling beneath 30. An quick help for Bitcoin is anticipated at $17,700,” stated analysts on the WazirX commerce desk.

Ether went previous the $1100 mark on the day. At the time of writing this text, Ethereum worth was standing at $1,100.31, which is down by 4.21 per cent over the previous 24 hours.

“Ethereum gained nearly 7% yesterday after closing in red for 5 consecutive days. On the 12-hourly time-frame, the trend for Ethereum has formed an ascending channel pattern. The daily RSI edged above 40 level indicating a buying momentum. The next key resistance for Ethereum is expected at &1,280 and an immediate support is expected at $890,” the analysts added.


Here are the highest 10 cryptocurrencies and their costs on July 14, Thursday, 2022, (According to information from coinmarketcap.com)

Bitcoin $20,037.01 or 2.84 per cent achieve within the final 24 hours

Ethereum $1,100.31 or 4.21 per cent achieve within the final 24 hours

Tether $0.9994 or 0.02 per cent achieve within the final 24 hours

USD Coin $1.00 or 0.01 per cent loss within the final 24 hours

BNB $230.37 or 2.97 per cent achieve within the final 24 hours

Binance USD $1.00 or 0.12 per cent achieve within the final 24 hours

XRP $0.3214 or 2.24 per cent achieve within the final 24 hours

Cardano $0.4289 or 1.40 per cent achieve within the final 24 hours

Solana $34.44 or 3.63 per cent achieve within the final 24 hours

Dogecoin $0.06087 or 0.14 per cent achieve within the final 24 hours

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