Cryptocurrency price on July 19: Bitcoin holds above $64,000 level, Altcoins trade mixed
Dogecoin, Cardano, Avalanche, and Shiba Inu saw losses, trading down by up to 6%. Conversely, Ethereum, Solana, Toncoin, and Tron recorded gains, trading up to 3% higher.
Meanwhile, the global cryptocurrency market cap decreased by 0.8% to around $2.35 trillion in the last 24 hours.
As of 11:44 a.m. IST, Bitcoin was down 0.9% at $64,384, while Ethereum remained above the $3,400 level. Earlier in the day, Bitcoin briefly reached $65,000.
«Bitcoin is consolidating around the $63,000 level, amidst a continued slump in US equity prices and ongoing speculation about the presidential election race. If BTC fails to climb above the $64,650 resistance zone, it could move downward toward the $62,500 level. Additionally, the recent hack of WazirX has added pressure on Indian investors,» said Edul Patel, CEO of Mudrex.
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View Details»CoinDCX Research Team, said, «BTC and ETH are moving sideways, while many altcoins saw a decline yesterday. BTC took support at $63,300 and bounced back; it needs to clear the $66,800 resistance for an upside move in the short term.»
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