Crypto Technical Analysis

Crypto Technical Analysis Early16JUL22: BTC swinging at $20K, ETH sees no big change, CRO turns bearish and ATOM facing difficulties

Crypto Technical Analysis 16Jul: The global crypto market has taken a speedy turn towards bearishness. These changes have resulted in losing a considerable value for various coins. Bitcoin and Ethereum are still green, while others have shown a bearish trend. The global market cap value has also changed as its value dropped. The latest data shows that it is estimated to be $928.67 billion. 
Crypto Technical Analysis 16Jul: BTC swinging at $20K

BTC  is facing mixed signals as it remains in a specific price range. According to US officials, the value of Bitcoin increased as the inflation numbers were released. While Kazakhstan has also released the details of a crypto taxation policy for miners. It remains one of the top countries in Bitcoin mining.  

The latest data for Bitcoin shows that it has added 0.06% over the last day. If we compare the weekly performance of Bitcoin, it has shed 4.27%. The decrease in value suggests oncoming bearishness.

The price value for Bitcoin is in the $20,712.62 range. If we look at the market cap value for Bitcoin, it is estimated to be $394,747,450,637. The 24-hour trading volume of Bitcoin is about $25,451,453,184.

Crypto Technical Analysis 16Jul: ETH sees no big change

ETH merge has been one of the most anticipated events for crypto investors. Some developments have been made in this regard as some steps have been completed successfully. Also, Ethereum developers said in a press conference that the merge is scheduled for September and will be complete by then.

Crypto Technical Analysis
Source: Tradingview

ETH has continued to face problems as its gains decreased considerably. The latest data for this coin shows that it has added 0.55% over the last day. The weekly performance shows an addition of 0.02%.

These changes have brought ETH’s price value to the $1,218.14 range. The market cap value for this coin is estimated to be $147,817,851,807. The 24-hour trading volume of the same coin is about $16,776,182,480.   

Crypto Technical Analysis 16Jul: CRO turns bearish 

Cronos has treaded to bearishness as the market continues to change its value. The latest data shows it has shed 0.11% over the last day. If we compare the weekly performance, it has shed 3.85%. These changes have affected its price value which is about $0.1185.

The market cap value for CRO is about $2,989,267,453. The 24-hour trading volume of the same coin is about $15,722,867. The same amount in its native currency is about 132,877,710 CRO.

Crypto Technical Analysis 16Jul: ATOM facing difficulties

Cosmos has also been facing a bearish market as the market took a turn. These changes have resulted in a loss of 0.87% over the last 24 hours. The weekly performance also shows a loss as it has shed 3.17%. The regressive changes have led to a decrease in price value which is about $8.94.

The market cap value for ATOM has remained recessive as it is estimated to be $2,560,082,325. The 24-hour trading volume for the same coin is about $326,884,105. The circulating supply for this coin is about 286,370,297 ATOM.   

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