Cryptocurrency price on July 23: Bitcoin holds above $67,000 level; Avalanche, Polkadot decline up to 5%
Dogecoin, Toncoin, Cardano, and Avalanche saw losses, trading down by up to 5%. Conversely, Ethereum, XRP, Polygon, and Pepe recorded gains, trading up to 1.5% higher.
Meanwhile, the global cryptocurrency market cap declined marginally by 0.13% to around $2.44 trillion in the last 24 hours.
As of 3:23 p.m. IST, Bitcoin was down 0.5% at $67,019, while Ethereum remained above the $3,500 level. Earlier in the day, Bitcoin touched $68,267.
«Bitcoin is consolidating around the $67,000 level as market participants book profits and the US dollar strengthens. Despite this, bullish sentiment remains strong, with Bitcoin gaining about 5% in the past week. The key resistance level is at $68,300, while support lies at $66,500,» said Edul Patel, CEO of Mudrex.
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View Details»Vikram Subburaj, CEO of Giottus Crypto Platform, said, «Bitcoin has zoomed past key resistance levels around $65,500 and is showing strong momentum as it surges towards $68,000. The price action continues to test the upper boundaries of BTC’s Bollinger bands, indicating that the momentum is likely
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