Crypto On July 18: Bitcoin At $21,000, Ether Breaks $1,400

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KEY POINTS

  • Ether outperformed Bitcoin in the last 24 hours
  • The market dominance of ETH rose to 17.42% while that of BTC dropped to 41.51%
  • The biggest gainers include MATIC and ETC

The crypto market turned slightly bullish on Monday and signs of a trend reversal were seen over the weekend as Bitcoin (BTC), the leading cryptocurrency in the market, reclaimed the $21,000 price region while Ether (ETH) was able to retain the $1,400 price level.

Furthermore, ETH has been outperforming BTC as the marketplace dominance of Ether rose to 17.42% while that of Bitcoin was 41.51%, according to the data from CoinMarketCap (CMC). As of 12:49 am ET, the price of 1 BTC is 21,277 while that of 1 ETH is $1404. 

Interestingly, according to the data gathered by the algorithm of PricePredictions, Bitcoin is expected to reach a maximum price of $38,311.49 in 2022 while Ethereum is expected to achieve a maximum price of $2,529.48. On the other hand, a survey done on Wall Street investors expects BTC at $10,000 in the near future.

The biggest gainers for Monday include Polygon (MATIC), Ethereum Classic (ETC), ApeCoin (APE) and The Graph (GRT). These tokens rose by 12%, 18%, 9.8%, and 7% respectively. The prices for these tokens as of 12:57 am ET stand at $0.8273, $21.30, $5.20, and $0.1084 as of 12:58 am ET. 

On the other hand, not much growth was seen from The Sandbox (SAND), Zcash (ZEC), Quant (QNT) and Elrond (EGLD). These tokens dropped by 0.72%, 1.96%, 0.20%, and 0.17% in the last 24 hours and as of 1:14 am ET, they are priced at $1.23, $61.43, $103.57 and $59.90.

Syscoin is a new and rising cryptocurrency that aims to compete with the likes of Bitcoin. Photo: David McBee/Pexels