Cryptocurrency Price Today: Starting on a bearish notice this week, the worldwide cryptocurrency The market ended with first rate good points, crossing the $950 million mark in direction of the tip of it and remaining snug on that stage because the week ended. The crypto market cap was standing at $953.78 billion on Saturday, July 9, down by 1.52 per cent over the previous 24 hours, as per knowledge.
“The crypto market started on a bearish note early this week indicating the narrow price action and picked up the momentum tracking gains in the US equities markets. Most cryptocurrencies continued to gain, strengthening the market mid week,” mentioned Edul Patel, CEO and co-founder of Mudrex.
However, Kumar Gaurav, CEO and founding father of Cashaa, famous, “We are in a bear market that will get intense. However, the market will present the illusion of growth and lure people to trade. It’s pretty standard for the need to show swings signs to attract the capital sitting on the sideline. But consolidation has not been completed, and the market will correct it further.”
Two days after it scaled the $22,000 mark, Bitcoin got here all the way down to the $21,000 stage on Saturday. Bitcoin worth right this moment stood at $21,542.12, down by a slight 0.12 per cent over the previous 24 hours, knowledge from CoinMarketCap confirmed on the time of writing this text.
“Bitcoin has been trying to move upwards since June 18th and finally managed to break out from an inverse on July 7, trading above $22,000 level. This bullish trend can lead to price reversals and can take the BTC to $25,000 in the coming weeks if the consistency is maintained,” mentioned Patel.
Meanwhile, Ether stayed above the $1200 mark on the day. At the time of writing this text, Ethereum worth was standing at $1,214.24, which is down by 0.16 per cent over the previous 24 hours.
“The second largest cryptocurrency, Ethereum also hovered from $1,073 to $1,246 over the week, expanding its spheres of influence. The changes in the past seven days in the price action of ETH show that it has added nearly 14.32 per cent which helped it navigate the recent bearish trend to an extent. Overall, the market seems to be bullish this week,” added Patel.
“The overall crypto market traded in green with Bitcoin and Ether witnessing a mini-rally. The Ether surge could be mainly due to the euphoria around the upcoming Ethereum blockchain Merge which may have sparked investor interest in the most popular altcoin,” commented Tarusha Mittal, co-founder and COO at UniFarm.
Memecoins together with Shiba Inu and Dogecoin noticed jumps over the day. “The meme coin space saw a lot of movement with DOGE and SHIB leading the effort. Elon Musk’s statement in support of DOGE added over $1 billion to its market cap and SHIB announced its plans to have its stablecoin,” mentioned Mittal.
Here are the highest 10 cryptocurrencies and their costs on July 9, 2022, (According to knowledge from coinmarketcap.com)
Bitcoin $21,542.12 or 0.12 per cent loss within the final 24 hours
Ethereum $1,214.24 or 0.16 per cent loss within the final 24 hours
Tether $0.9994 or 0.00 per cent loss within the final 24 hours
USD Coin $1.00 or 0.01 per cent loss within the final 24 hours
BNB $242.27 or 0.06 per cent achieve within the final 24 hours
Binance USD $1.00 or 0.18 per cent achieve within the final 24 hours
XRP $0.3423 or 0.02 per cent loss within the final 24 hours
Cardano $0.4792 or 0.99 per cent achieve within the final 24 hours
Solana $38.56 or 0.61 per cent achieve within the final 24 hours
Dogecoin $$0.0695 or 0.36 per cent achieve within the final 24 hours