Bitcoin price today slipped as the world’s largest and most popular cryptocurrency was trading nearly a per cent lower at $21,278. The global crypto market cap today was above the $1 trillion mark, even as it was almost flat in the last 24 hours at $1.07 trillion, as per CoinGecko.
On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, gained about a per cent to $1,612. Meanwhile, dogecoin price today was trading marginally higher at $0.06 whereas Shiba Inu plunged over a per cent to $0.000013.
Other crypto prices’ today performance were mixed as BNB, Tether, Avalanche, XRP, Uniswap, Tron, Litecoin, Stellar, Binance USD, Solana prices were trading with cuts over the last 24 hours, while Polygon, Polkadot, Chainlink Apecoin gained.
“Bitcoin, Ethereum, and most cryptocurrencies fell slightly as investors worry over the monetary policies and uncertainties. The two significant cryptocurrencies have dropped more than 10% since the past week after July’s Federal Open Market Committee’s meeting was released. If BTC can close above $21,500 today with less selling volume, we can expect it to touch $22,400 soon. While on the other hand, the hype around Ethereum and merge has slowly started to die, causing the price to slide. The downward trend could be temporary as the merge is still a month away, and ETH may gain momentum before it,” said Edul Patel, CEO and Co-founder of global crypto investment platform Mudrex.
An indicator known as the moving average convergence divergence MACD also flashed a warning sign. The MACD has turned negative, which for some technical analysts is a sign Bitcoin may continue to come under pressure. The decline of the past few days has also taken Bitcoin and the MVIS CryptoCompare Digital Assets 100 Index below their 50-day moving averages, as reported by Bloomberg.
Cryptos have struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation. Following the collapse of a major pair of tokens, some cryptocurrency lenders froze customer withdrawals, and several crypto firms have cut jobs.
(With inputs from agencies)
Download The Mint News App to get Daily Market Updates.
More
Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
First article
Cryptocurrency prices today: Bitcoin, Shiba Inu fall while ether, dogecoin gain & Latest News Update
Cryptocurrency prices today: Bitcoin, Shiba Inu fall while ether, dogecoin gain & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Cryptocurrency prices today: Bitcoin, Shiba Inu fall while ether, dogecoin gain & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links