Cryptocurrency price on July 22: Bitcoin hits $68,000 level, Dogecoin, Avalanche surge up to 11%
Cryptocurrency markets traded higher on Monday, led by Bitcoin, Solana, and Dogecoin. The global cryptocurrency market cap rose by 0.7% to around $2.45 trillion in the last 24 hours.
At 1:08 pm IST, Bitcoin (BTC) was trading 1% higher at $67,350, however, Ethereum fell 0.5% to $3,473. Earlier in the day, Bitcoin briefly reached the $68,450 mark.
«Bitcoin has bounced back to the $68,000 mark as market participants show optimism about Donald Trump's potential election win. BTC is now eyeing the $70,000 level, signaling a continued positive sentiment. However, bears are likely to challenge this advance in the $70,000 to $73,000 range,» said Edul Patel, CEO of Mudrex.
«Bitcoin's strength has also led to a recovery in several altcoins. Additionally, the market may get another boost from the launch of Ethereum ETFs, which are expected to start trading on July 23,» he added.
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View Details»CoinDCX Research Team, said, «Over the weekend, the crypto market remained positive following President Biden's announcement that he will not seek re-election. This news
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