Crypto On July 26: Bitcoin On The Verge Of Losing $21,000, Ether Below $1,500

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KEY POINTS

  • Bitcoin and Ether turned bearish as Ether dominance fell below 18%
  • Best performers include HIVE, OKB and SUSHI
  • The worst performers are MATIC, BCH, CRV and NEAR

The crypto market turned bearish Tuesday, with leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) dropping by 3% and 5.3%, respectively, as sellers take charge of the market movement. 

According to the data from CoinMarketCap, over the weekend, BTC was unable to retain prices above $23,000, an area of resistance, and as a result, dropped below $22,000. On the other hand, ETH tried to retain $1,500 and reclaimed $1,600 for a brief moment. However, it failed to go higher and dropped to the $1,400 price region. 

As of 1:03 a.m. ET, the price of 1 BTC was $21,134 while 1 ETH was priced at $1,427. Furthermore, the market dominance of Bitcoin rose to 41.60% while that of Ether dropped to 17.9%. 

The worst performers in the market include Polygon (MATIC) which dropped 8% to $0.7639; Near Protocol (NEAR) which dropped 9% to $3.74; Bitcoin Cash (BCH) which dropped 8.36% to $116.6; and Curve Dao Token (CRV) which dropped 11% to $1.18 as of 1:07 a.m. ET. 

Other popular tokens that crashed include Ripple (XRP) which dropped 3% to $0.335; Cardano (ADA) which dropped 4.6% to $0.4718; Solana (SOL) which dropped 6% to $36; and Polkadot (DOT) which dropped 5.5% to $6.7 as of 1:09 a.m. ET. 

The best performers include OKB (OKB) which rose 2.3% to 14.84%; Hive (HIVE) which rose 24% to $0.5616; Celsius (CEL) which rose 0.88% to $0.8911; and SushiSwap (SUSHI) which rose 4.86% to $1.35.

Bitcoin has collapsed by 65 percent in value since striking a record peak $68,991.85 in November Photo: AFP / Armend NIMANI