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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, down as much as 6%. In contrast, Ethereum, Solana, Toncoin, and Tron saw gains, up as much as 3%.
Meanwhile, the global 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.
Cryptocurrency Tracker
“Bitcoin is consolidating around the $63,000 level amid continued US stock price slump and ongoing speculation about the presidential election race. If BTC fails to clear the $64,650 resistance zone, it could decline towards the $62,500 level. Additionally, 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 have seen declines 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.” The volume of all stablecoins is now $63 billion, which is 91.6% of the total 24-hour cryptocurrency market volume, according to data available on CoinMarketCap. Over the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, has fallen to $1.267 trillion. Bitcoin’s dominance is currently 53.8%, according to CoinMarketCap. BTC’s volume over the past 24 hours has fallen by 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.)