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Crypto Market Update 23 July 2020

Sanchit Jain by Sanchit Jain
July 23, 2020
in Bitcoin
0
PCEX Member

There are signs of improvement in the market from 21st July. Today, the top 8 cryptocurrencies have seen green over the timescale of 1 hour, 24 hours, and 7 days respectively.

The Bitcoin price is capped at $9,513.52 while the perpetual contender that remains at number 2, Ethereum has seen its price capped at $263.88. While there is good news for Bitcoin Cash and Bitcoin gold holders as the prices are capped at $237.81 and $182.89 respectively, which is decent enough to call it an improvement.

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Binance Coin has seen red over the timescale of 1 hour where the rate is capped at 0.40%. Chainlink is the only cryptocurrency in the top ten which has seen red over the timescale of 1 hour and 7 days with the rates being at 0.06% and 4.97% respectively.

Bitcoin has seen green overall with the rates being 0.04%, 1.97%, and 4.09% respectively. Ethereum has shown improvement over the timescale of 1 hour, 24 hours, and 7 days with the rates being 0.29%, 8.56%, and 12.56% respectively. Its price is also decently capped at
$263.88.

Chainlink has registered the highest rate over the timescale of 24 hours with the rate being capped at 8.79%. Ethereum has come close second over the timescale of 24 hours with the rate being capped at 8.56%. While over the timescale of 7 days the highest improvement is shown by Ethereum with the rate capped at 12.56%.

Over the timescale of 1 hour, among the top ten cryptocurrencies, the highest improvement is shown by Cardano with the capping of the rate being at 0.48%. Coming close at the heels is Bitcoin Gold with the capping rate at 0.32% over the timescale of 1 hour. Plummeting of the Chainlink is sudden with the rate being 4.97% in the negative over the timescale of 7 days.

Hopefully, it recovers its downside plummeting and comes on the top. Overall, the market situation is very optimistic today with the visible signs of improvement amongst the top 10 cryptocurrencies in the market.

Tags: crypto marketcrypto trading

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