Crypto Price Update July 23: BTC and Major Altcoins Dip, ETH at $3.5K

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Today, crypto prices have shown diverse movements. Several headlines have affected the price trajectory including the recent Bitcoin movement by the defunct crypto exchange Mt. Gox, the U.S. government BTC sell-off, and the approval of the Ethereum ETF by the US Securities and Exchange Commission.

However, the sentiment surrounding the market remains bullish as depicted in the crypto fear and greed index. The flagship cryptocurrency Bitcoin traded above $68k in the late hours of July 22 but has since dropped to the $66,000 zone. Also, Ethereum has moved above the important $3.5k mark. Notably, the total crypto market cap declined by 0.34% to $2.44 trillion.

Top Crypto Prices Update

Following the $4 million BTC move made by the Mt. Gox exchange today to repay its creditors, Bitcoin fell to the daily low of $66.2k. The price of BTC has hovered between $66,267.87 and $68,272 respectively. However, at press time, the coin is $66,958, signaling a 0.70% decline. Interestingly, Bitcoin ETF’s total daily net inflow reached $533.57 million according to Soso Value data.

Meanwhile, the United States SEC has approved ETH ETFs to be traded in the country. This development has made ETH trade in the green zone regardless of the downtrend experienced by the majority of the coins in the market. In the last 24 hours, the price of ETH has seen a marginal 0.90% increase in value to $3,523. Ethereum has touched the lows and highs of $3,424 and $3,534 respectively.

Other Altcoin Prices

The price of Solana has seen a 0.76% decline to $177.88. Additionally, SOL had its bottoms and tops of $173.97 and $183 respectively. In the weekly chart, Solana has had an impressive trajectory, gaining a significant 13.71% in value.

Trending token XRP token has lost 0.03% of its value, dropping to $0.602. Interestingly, XRP has traded between $0.597 – $0.6229 in one day.

Meanwhile, Binance Coin (BNB) has declined by 2.02% to $584, maintaining a bottom and top range of $578 and $600 respectively. However, Toncoin (TON) continues its recent downtrend, declining by 1.54% to $6.94. Its one-day lows and highs were $6.82 and $7.06.

Leading the memecoin charge, Dogecoin (DOGE) and Shiba Inu (SHIB) have decreased in the last 24 hours. While DOGE saw a notable 2.22% loss, SHIB recorded a decline of 1.84%. As a result, DOGE and SHIB are now trading at $0.13 and $0.00001734 respectively.

Solympics (SOLYMPICS) surged by 329% to $0.002991

TARS AI (TAI) climbed 27.50% to reach $0.1408

Convex Finance (CVX) gained 11% to $2.69

Non-Playable Coin (NPC) moved up by 10.79% to $0.03254

The majority of the coins in the crypto market resumed the week starting July 22 with notable gains. While the general outlook seems positive and impressive, it will be interesting to see how long it will hold and how the week will end.

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