Crypto Crash News today (July 4): Crypto markets continue to remain in the “extreme fear” zone amid sluggish trading activity and crises at several crypto companies. The global cryptocurrency market capitalization fell to $865 billion, down 0.09% on the day, while Bitcoin traded around $19,000 in the past 24 hours. The prices of most major cryptos have also fallen further, according to data from CoinMarketCap at the time of writing (12:58 PM EST).
Global crypto market volume in the past 24 hours decreased by 11% to $37.71 billion. Total DeFi volume was $3.99 billion, which is 10.58% of the total 24-hour crypto market volume. The volume of all stablecoins was $34.54 billion, or 91.6% of the total 24-hour crypto market volume.
Bitcoin (BTC) dominance is now 42.19%. The price of BTC has decreased by around 10.22% in the last 24 hours. At the time of writing, BTC was trading at $19,099. Over the past 7 days, the price of BTC has fallen by 10.16%.
“Bitcoin has fallen over 8% in the past week, languishing around the $19,000 level. Overall market sentiment has improved slightly but is still in the ‘extreme fear’ zone. Interestingly, the on-chain data suggests whales with over 1000 BTC are accumulating the token strongly despite the negative sentiment surrounding it. The daily trend for BTC is crossing a descending channel pattern. The next key support is expected at $14,000. The daily RSI is a bit below the 30 level, teetering in the oversold zone,” WazirX Trade Desk analysts shared in a note with FE Online.
OGN outperforms BTC
The Origin Protocol (OGN) has outperformed Bitcoin and other major cryptocurrencies in the past 24 hours. Ranked 158 on CoinmarketCap, OGN was trading 15.22% higher than yesterday at $0.323.
“Origin Protocol (OGN), a platform for building peer-to-peer marketplaces and e-commerce applications, has gained over 20% in the past 24 hours to be the top performer and significantly outperform Bitcoin. OGN’s price surge is likely due to its huge airdrop event scheduled for this month,” the analysts said.
Vault suspends withdrawals
Facing financial difficulties, Coinbase-backed crypto exchange Vauld has suspended withdrawals, deposits, and all trading activity on its platform. The exchange has seen withdrawals worth more than $197 million since June 12.
Changing the Crypto Rupe Index
CoinSwitch’s Crypto Rupee Index (CRE8) rose 0.11% in the past 24 hours to Rs 2,257 at the time of writing. CRE8 tracks the performance of the crypto market in INR.
Narrow Range Price Action
“Most of the major cryptocurrencies have formed small candlesticks over the past few days. This indicates that the price action has remained in a very tight range. This consolidation spanning a few days can generally be considered a good sign. This allows the market to recover from the bearish sentiments of the past two months. Key levels to watch would be support at $18,850 and resistance at $21,000 in bitcoin,” said Edul Patel, CEO and co-founder of crypto investment platform Mudrex.
Best Crypto Prices on 4th of July
Ethereum (ETH): Ethereum price fell 1.34% to $1049 in the past 24 hours. In the past 7 days, the price of ETH has decreased by 14%. It is currently ranked the second crypto asset by market capitalization.
Binance (BNB): The Binance Chain coin price declined by 1.2% to $216 in the past 24 hours. Over the past 7 days, the price of BNB has decreased by 9.23%. It is currently ranked the fifth largest crypto asset by market capitalization.
XRP: The price of the XRP coin has increased by 1% to $0.3158 in the last 24 hours. In the last 7 days, the price of XRP has decreased by 13.14%. It is currently ranked 7th among cryptocurrencies by market capitalization.
Solana (SOL): Solana price decreased slightly by 0.45% to $32.72 in the past 24 hours. Over the past 7 days, the price of SOL has decreased by 18.27%. It is currently ranked 9th among crypto assets by market capitalization.
Cardano (ADA): The price of the Cardano token declined by 0.52% to $0.4476 in the past 24 hours. In the past 7 days, the price of ADA has decreased by 10.4%. It is currently ranked 8th among crypto assets by market capitalization.
The price of Dogecoin (DOGE) has decreased by around 0.33% in the last 24 hours. DOGE is currently ranked 10th in terms of market capitalization. The price of DOGE at the time of this report was $0.06597.
The price of Polkadot (DOT) fell 0.34% to settle at $6.71. The price of Avalanche (AVAX) rose around 4% to $16.25 in the last 24 hours. DOT and AVAX are currently ranked 12th and 17th respectively on CoinMarketCap.
The price of Polygon (Matic) has decreased by around 5.22% to $0.4552 in the last 24 hours. In the past 7 days, the price of MATIC has fallen by around 20%. It is currently ranked 18th on CoinMarketCap.
Shiba Inu (SHIB) fell nearly 0.27% in the past 24 hours to $0.000009982. It is currently ranked 15th on CoinMarketCap.
(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)