CryptocurrencyBitcoin falls below $23000, Ether, Shiba Inu and Dogecoin rise

Bitcoin falls below $23000, Ether, Shiba Inu and Dogecoin rise

Ether, the world's second largest cryptocurrency, gained momentum and was seen trading at $1,657

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Cryptocurrencies Prices Today 5 August 2022: Mixed business was seen in the cryptocurrency market. Bitcoin is trading below $23000. Bitcoin, the world’s largest and most popular cryptocurrency, was seen trading down 1 per cent at $22,971. Since the beginning of 2022, bitcoin has fallen 55 percent so far.

However, in the past months, bitcoin has been seen trading in the range of $19,000 to $24,000.

Bitcoin

According to experts, bitcoin has come close to $22,000 but it still has an upper hand. Bitcoin is currently finding support at $20,000 but it will soon move to $23,000. Now Ether will soon take a new leap. It will soon return to the level of 1700 dollars.

Ether

Ether, the world’s second largest cryptocurrency, gained momentum and was seen trading at $1,657. Last week it crossed the $1,700 level.

Shiba inu and Dogecoin

Shiba Inu was up 0.5 percent and it was seen trading at $ 0.0000012. dogecoin also gained 1 per cent and appeared at $0.06.

Here is the condition of other cryptos

XRP, Solana, BNB, Litecoin, Chainlink, Tether, Polkadot, Tron, Avalanche, Uniswap, Polygon saw gains in the last 24 hours. At the same time, Stellar, Apecoin declined.

Above $1 Trillion – Market Cap ofthe Crypto Market

The market cap of the global cryptocurrency market remained almost flat in the last 24 hours and remained above 1 trillion. The market cap stood at $1.12 trillion. The market cap of the global crypto market was at its peak i.e. $2.9 trillion in November 2021. Right now it is far behind its peak.

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