Overview

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The total crypto market cap decreased by $23 billion for the period since Monday and now stands at $865 billion. The crypto market on July 7 opened on a bullish note as Bitcoin once again rebounded from the $19,000 price level while Ethereum made a move toward $1,200. Despite the challenging economic backdrop, Bitcoin (BTC) and Ethereum (ETH) rallied by 19.11% and 51.95%, respectively, dictating the tone for the rest of the crypto markets. Ether (ETH), the second-largest cryptocurrency behind Bitcoin in terms of market capitalization, outperformed Bitcoin by 57 percent in July, ahead of the Bitcoin playing at the bottom, voyager under water, and Elon accepts DOGE as payment for Vegas transits. The total stablecoin market cap has dropped only about 10% since November while bitcoin’s market cap is down 70%. That’s a lot of ground for bitcoin to make up. You still have to On July 7, Ethereum (ETH) sought to rise over the 20-day exponential moving average (EMA) ($1,186), but bears had other ideas. The price movement over the past few days has formed an This month the most popular assets are the layer 1 coins Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Cardano (ADA). This is a slight shift to our all-time trends With ether leading the way among altcoins plus a look at what may trouble DeFi in the future, CoinDesk’s “Markets Daily” is back with the latest news roundup.

Bitcoin and Ether Market Update: July 7, 2022 - Crypto Rally Amidst Economic Headwinds

Get the latest market update on Bitcoin (BTC) and Ethereum (ETH) as of July 7, 2022. Despite a challenging economic backdrop, the crypto market is showing signs of life. The total crypto market cap decreased by $23 billion for the period since Monday and now stands at $865 billion. The crypto market on July 7 opened on a bullish note as Bitcoin once again rebounded from the $19,000 price level while Ethereum made a move toward $1,200.

Bitcoin (BTC) and Ethereum (ETH) Performance

Bitcoin (BTC) and Ethereum (ETH) rallied by 19.11% and 51.95%, respectively, dictating the tone for the rest of the crypto markets. Ether (ETH), the second-largest cryptocurrency behind Bitcoin in terms of market capitalization, outperformed Bitcoin by 57 percent in July. This month the most popular assets are the layer 1 coins Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Cardano (ADA). This is a slight shift to our all-time trends.

Ethereum's (ETH) Attempt to Break Resistance

On July 7, Ethereum (ETH) sought to rise over the 20-day exponential moving average (EMA) ($1,186), but bears had other ideas. The price movement over the past few days has formed an. With ether leading the way among altcoins plus a look at what may trouble DeFi in the future, CoinDesk’s “Markets Daily” is back with the latest news roundup.

Stablecoin Market Cap Resilience

While Bitcoin has faced significant losses, the total stablecoin market cap has dropped only about 10% since November while bitcoin’s market cap is down 70%. That’s a lot of ground for bitcoin to make up. You still have to.

Other Notable Developments

Keep an eye on developments regarding Bitcoin playing at the bottom, Voyager under water, and Elon accepts DOGE as payment for Vegas transits.

Disclaimer: This is not financial advice. Please do your own research before investing in cryptocurrencies.