Bitcoin and Ethereum Trim Gains, Altcoin Rally Slows Down

WikiBit|2021-07-23

Extracto:Bitcoin price is consolidating gains below USD 32,500. Ethereum still trades above USD 2,050 while XRP corrected below USD 0.60 again. AXS extended its gains above USD 30, while RUNE is down by 15%.

By Aayush Jindal

Bitcoin price is consolidating gains below USD 32,500.
Ethereum still trades above USD 2,050 while XRP corrected below USD 0.60 again.
AXS extended its gains above USD 30, while RUNE is down by 15%.

After almost touching the USD 32,900 level, BTC corrected lower and is now (12:09 UTC) consolidating its gains below the USD 32,500 level.

BTC is still outperformed by ETH and multiple altcoins, which are also trimming their recent gains.

Total market capitalization

Bitcoin price

After extending its post-the B Word event gains, bitcoin price moved lower again. It dropped below USD 32,400, trimming its daily gains to more than 1%. The price is still up by 2% in a week.

Ethereum price

At the same time ethereum price is consolidating its gains above the USD 2,050 after if failed near USD 2,090. ETH is now up by almost 4% in a day and 8% in a week.

ADA, LTC, DOGE, and XRP price

Cardano (ADA) failed to stay above the USD 1.20 level, correcting towards USD 1.18. The price is now almost unchanged in a day and is down by 4% in a week.

Meanwhile, litecoin (LTC) is also trimming its recent gains and corrected below its previous resistance zone of USD 120. LTC advanced by almost 2% in a day, while it dropped by almost 5% in a week.

Dogecoin (DOGE) is still stuck below the USD 0.200 resistance zone and is almost unchanged in a day, while its weekly gains dropped below 5%.

Earlier today, XRP price broke the main resistance of USD 0.600 but failed to stay above this level, dropping to USD 0.59. The price is still up by 3% in a day, trimming its weekly losses to less than 1%.

Other altcoins market today

Several altcoins are still up over 5%, including UNI, SUSHI, and XTZ, while AMP, FLOW, TEL, and AXS rallied in double digits. AXS is still the best performing cryptoasset among the top 100 coins today, as it jumped by 31% in a day and is trading above the USD 30 level. The price is up by 28% in a week. Meanwhile, RUNE and OMI are down over 12%.

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