E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings
You are at:Home»Crypto»Ethereum Retests $1,600, ApeCoin Skyrockets 17% Daily (Market Watch)
Crypto

Ethereum Retests $1,600, ApeCoin Skyrockets 17% Daily (Market Watch)

By July 22, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Yesterday’s retracement seems to be a short-term one, as bitcoin went on the offensive and spiked back above $23,000. Most altcoins are in an even better shape, with ETH soaring 8% and ApeCoin jumping by double digits.

Bitcoin Reclaims $23K

The last week or so was quite bullish for bitcoin, which had recovered from the sub-$19,000 drop on July 13. As the weekend approached, the asset had jumped beyond $20,000. Unlike the previous weekends, though, this time, it went even further north and entered Monday above $22,000.

After a small retracement on July 19, the cryptocurrency started to gain value once more, which culminated in a massive surge above $24,000. This became its highest price tag in over a month.

In the following hours, though, BTC retraced by almost $2,000 as news broke that Tesla had sold almost $1 billion of its bitcoin holdings in Q2.

The asset reacted well to this drop, bounced off, and currently trades about $1,000 higher. As a result, its market cap has neared $450 billion, but its dominance over the altcoins has gone down below 42%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH, ApeCoin Explode

The declining BTC dominance while bitcoin’s price has increased means that the alternative coins have performed better.

Ethereum is among the most primed examples. The second-largest crypto has been on a roll in the past ten days, and yesterday’s retracement has been erased. ETH is up by more than 8% on a daily scale and trades around $1,600 once again.

BNB has gained about 5% in a day and now sits close to $270. Ripple, Cardano, Solana, Dogecoin, Polygon, Shiba Inu, Polkadot, Avalanche, and Tron have jumped in a similar fashion.

Several lower- and mid-cap altcoins are up by somewhere between 5% and 10%. ApeCoin is the most impressive performer, with a massive 17.5% surge in a day. Consequently, APE now sits close to $7.

The cumulative market cap of all crypto assets has added about $40 billion in a day and is above $1.050 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

[ad_2]

Source link

Related Posts

Report With an Eye on Mutual Settlements with China, Russia To Launch CBDC Early Next Year: Report

By September 28, 2022

China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

By September 28, 2022

Binance Launches Training Program For Law Enforcement Agencies

By September 28, 2022

FTX US President Brett Harrison Steps Down

By September 27, 2022
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.