{"id":496595,"date":"2022-07-25T14:08:39","date_gmt":"2022-07-25T14:08:39","guid":{"rendered":"https:\/\/wncen.com\/?p=496595"},"modified":"2022-07-25T14:08:39","modified_gmt":"2022-07-25T14:08:39","slug":"bitcoin-crashes-to-7-days-low-ethereum-and-xrp-also-drop","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-crashes-to-7-days-low-ethereum-and-xrp-also-drop\/","title":{"rendered":"\u00a0Bitcoin Crashes To 7 Days Low, Ethereum And XRP Also Drop"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Despite having a boom week, Bitcoin, the most valuable cryptocurrency, sank to its seven days low. Several other altcoins that had also been rallying dropped, including the second-largest coin, Ethereum, which fell over 5%, XRP fell by 4%, and ADA took the lead with 6%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the last nine days, Bitcoin has seen positive momentum. From a low of $19,230 to a high of $24,280, the leading cryptocurrency has increased in value by more than 26% since July 12.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-stuck-range-1480\/\" target=\"_blank\" rel=\"noopener \">TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key<\/a><\/strong><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless, BTC&#8217;s most recent rise failed to surpass the biggest barrier standing in the way of Bitcoin reaching the $30K price level. Instead, the price of bitcoin began a new downward trend after failing to stabilize above the $23,000 level.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BTC reversed its gains and fell below the $22,000 mark. The price is currently at $21,917.87, down more than 3% from the day before but up 5.2% from the previous week. Its current market capitalization is $418.68 billion, with a 24-hour low of 2.62%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, Ethereum lost ground along with BTC and other cryptocurrencies as it could not maintain the $1600 level it had reached earlier in the week.<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">\u00a0CoinMarketCap<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0data show that its price fell to $1,547.89 over the last day, a decrease of 2.5%.<\/span><\/p>\n<figure id=\"attachment_496597\" aria-describedby=\"caption-attachment-496597\" style=\"width: 521px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-496597\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/07\/BTCUSD_2022-07-25_06-04-24.png?resize=521%2C280\" alt=\"Tradingview\" width=\"521\" height=\"280\"><figcaption id=\"caption-attachment-496597\" class=\"wp-caption-text\">Bitcoin is currently trading at $21,975 on the daily chart | Source: BTCUSDT From <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview<\/a><\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">With Ethereum, ADA and XRP Also Experience A Decline<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">During the past 14 days, ETH has outperformed. From the low of $1,008 on July 12 to the month&#8217;s high of $1,664 on July 23, it rose gradually. In addition, since the<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.youtube.com\/watch?v=yBEPzzeo1a4\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">\u00a0Merge&#8217;s announcement<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0date, ETH has increased by over 15.0% during the past seven days, and over the preceding 14 days, the currency has seen a notable increase of 32.3%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Moreover, the eighth-largest cryptocurrency, Ripple (XRP), dropped by 4.9% during the course of the last day, reaching $0.346754, as per data from CoinMarketcap. Additionally, with a drop of 4.70% over the last 24 hours, it also lowers its market worth to around $16.735 billion.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency markets maintained above their respective support levels throughout the last weekend. So, from July 18, there was a bullish surge in the price of XRP, giving the impression that it would overcome any obstacles. But unfortunately, XRP saw a sharp decline at the start of the new trading week. Since it could not reach $0.4 levels, the current market movement had little effect on the price of XRP.<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a class=\"editor-rtfLink\" href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-risk-drop-21k\/\" target=\"_blank\" rel=\"noopener \">TA: Bitcoin Price At Clear Risk of Sharp Drop, Indicators Turn Red<\/a><\/strong><\/em><\/p>\n<p><span data-preserver-spaces=\"true\">On the other side, Cardano&#8217;s price had dramatically increased to reach $0.55 and had long since overtaken XRP. However, the bears rapidly pulled both assets, demonstrating their strength over the bulls.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, ADA couldn&#8217;t maintain its position at over $0.55. It is trading at $0.493943 right now with a loss of 6.4%, and still, it is heading downward.<\/span><\/p>\n<pre>                   Featured image from Flickr, chart from Tradingview.com<\/pre>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite having a boom week, Bitcoin, the most valuable cryptocurrency, sank to its seven days low. Several other altcoins that had also been rallying dropped, including the second-largest coin, Ethereum, which fell over 5%, XRP fell by 4%, and ADA took the lead with 6%. Over the last nine days, Bitcoin has seen positive momentum. From a low of $19,230 to a high of $24,280, the leading cryptocurrency has increased in value by more than 26% since July 12. Related Reading |\u00a0TA: Ethereum Stuck In Key Range, Why $1,480 Is The Key Nonetheless, BTC&#8217;s most recent rise failed to surpass the biggest barrier standing in the way of Bitcoin reaching the $30K price level. Instead, the price of bitcoin began a new downward trend after failing to stabilize above the $23,000 level.\u00a0 BTC reversed its gains and fell below the $22,000 mark. The price is currently at $21,917.87, down more than 3% from the day before but up 5.2% from the previous week. Its current market capitalization is $418.68 billion, with a 24-hour low of 2.62%. Furthermore, Ethereum lost ground along with BTC and other cryptocurrencies as it could not maintain the $1600 level it had reached earlier in the week.\u00a0CoinMarketCap\u00a0data show that its price fell to $1,547.89 over the last day, a decrease of 2.5%. With Ethereum, ADA and XRP Also Experience A Decline During the past 14 days, ETH has outperformed. From the low of $1,008 on July 12 to the month&#8217;s high of $1,664 on July 23, it rose gradually. In addition, since the\u00a0Merge&#8217;s announcement\u00a0date, ETH has increased by over 15.0% during the past seven days, and over the preceding 14 days, the currency has seen a notable increase of 32.3%. Moreover, the eighth-largest cryptocurrency, Ripple (XRP), dropped by 4.9% during the course of the last day, reaching $0.346754, as per data from CoinMarketcap. Additionally, with a drop of 4.70% over the last 24 hours, it also lowers its market worth to around $16.735 billion. The cryptocurrency markets maintained above their respective support levels throughout the last weekend. So, from July 18, there was a bullish surge in the price of XRP, giving the impression that it would overcome any obstacles. But unfortunately, XRP saw a sharp decline at the start of the new trading week. Since it could not reach $0.4 levels, the current market movement had little effect on the price of XRP. Related Reading |\u00a0TA: Bitcoin Price At Clear Risk of Sharp Drop, Indicators Turn Red On the other side, Cardano&#8217;s price had dramatically increased to reach $0.55 and had long since overtaken XRP. However, the bears rapidly pulled both assets, demonstrating their strength over the bulls. However, ADA couldn&#8217;t maintain its position at over $0.55. It is trading at $0.493943 right now with a loss of 6.4%, and still, it is heading downward. Featured image from Flickr, chart from Tradingview.com &nbsp;<\/p>\n","protected":false},"author":561,"featured_media":496601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[79508,78790,10995,78803,78763],"class_list":["post-496595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adausdt","tag-btcusdt","tag-coinmarketcap","tag-ethusdt","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>\u00a0Bitcoin Crashes To 7 Days Low, Ethereum And XRP Also Drop<\/title>\n<meta name=\"description\" content=\"Despite having a boom week, Bitcoin sank to its weekly, low Also Ethereum fell over 5%, XRP fell by 4%, and ADA took the lead with 6%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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