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cryptocurrency price today: cryptocurrency price July 19: Bitcoin holds above $64,000 level, Altcoin trades mixed
Major cryptocurrency tokens were trading mixed on Friday. Bitcoin, BNB, XRP, DogecoinCardano, Avalanche, and Shiba Inu saw losses, dropping as much as 6%. In contrast, Ethereum, Solana, Toncoin, and Tron saw gains, increasing as much as 3%. Meanwhile, the global market cryptocurrency The market capitalization decreased by 0.8% to around $2.35 trillion in the last 24 hours.
At 11:44 am IST, Bitcoin was down 0.9% to $64,384, while Ethereum remained above the $3,400 level. Earlier, Bitcoin had briefly hit $65,000.
“Bitcoin is consolidating around the $63,000 level amid ongoing US stock price slump and ongoing speculation about the presidential election race. If BTC fails to clear the $64,650 resistance zone, it could drop towards the $62,500 level. Furthermore, the recent WazirX hack has added pressure on Indian investors,” said Edul Patel, CEO of Mudrex.
CoinDCX research team said: “BTC and ETH are trading sideways, while many altcoins saw a decline yesterday. BTC took support at $63,300 and bounced; it needs to clear the $66,800 resistance for an upside move in the near term.”
According to data available on CoinMarketCap, the volume of all stablecoins is now equal to $63 billion, or 91.6% of the total 24-hour cryptocurrency market volume.
In the last 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, has fallen to $1.267 trillion. Bitcoin’s dominance currently stands at 53.8%, according to CoinMarketCap. BTC volume in the last 24 hours has fallen 14.5% to $26.5 billion.
Technical Viewpoint by Sathvik Vishwanath, Co-Founder and CEO of Unocoin
Currently, BTC is trading around $64,600 and showing a slight increase. Key levels include resistance at $65,000 and support at $64,500. With a market cap of $1.28 trillion and a circulating supply of 19.73 million BTC, technical indicators suggest a cautiously optimistic outlook.
(Disclaimer: Recommendations, suggestions, opinions and views provided by experts are personal. They do not represent the views of The Economic Times.)
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