Cryptocurrency

Cryptocurrency price today: Bitcoin price today stood at $20,719.83

Crypto

The global cryptocurrency market completed this week with respectable gains even though it had a negative start. It passed the $930 million threshold near the end of the week and was comfortably trading at that level as the week came to a close. On Saturday, July 16, statistics showed that the market capitalization of all cryptocurrencies was $930.86 billion, up 0.56 percent from the previous day.

“Even though the Euro dropped to its lowest level versus the US dollar this week, the week began with a negative trend and growing selling pressure. Midweek saw a minor uptick in the cryptocurrency market as bulls attempted to drive prices higher. Most cryptocurrencies, including Bitcoin, Ethereum, and others, recovered on Thursday, mirroring increases in the US stock market “said Mudrex’s CEO and co-founder Edul Patel.

The market attitude, however, is “apparently falling further into the worry zone,” according to experts at the WazirX trade desk on Friday “.

The price of Bitcoin, the biggest cryptocurrency in the world, hovered around $21,000 during the day after breaking beyond those levels the previous session. At the time this piece was being written, statistics from CoinMarketCap revealed that the price of one bitcoin was $20,719.83, up just 0.77 percent over the previous 24 hours.

“Bitcoin has retreated from the US$20,000 level after bulls drove the price higher. BTC may soon test the US$21,000 mark if purchasers can keep it at the present price “Patel stated.

The anticipated $32,300 level of resistance for Bitcoin is followed by a predicted $17,700 level of support “The WazirX trade desk experts made a statement. Ether, however, continued to trade above $1200 throughout the day. The price of Ethereum was $1,213.17 at the time this article was being written, up 1.21 percent from the previous day.

In the run-up to the combine, Ethereum beat Bitcoin, rising over 12% after its Shadow Fork 9 went online. If the market keeps moving at the same rate, Bitcoin might trade above US$21,000 next week, wiping all its weekly losses. Overall, the market appears to be rising this week, according to Patel.