Bitcoin, Ethereum, Dogecoin and Avalanche Daily Price Analysis – July 26 Roundup

by James · July 26, 2022

The global crypto market has seen a reversal in pattern; there is a dominant trend for gains. The increased influx of capital has pressured Bitcoin, Ethereum and others. As there was a dominant trend of bearishness in the market, the changes had brought gains to a stable. As the bullish trend strengthens, it will help these coins grow in value. Like the previous bullish wave, it would take a strong push to help the market grow.

CEO of Titanium blockchain has pleaded guilty to securities fraud. The case dates back to 2018, when he was accused of securities fraud for unfairly handling the ICO of his platform. Michael Allan Stollery served as CEO of Titanium Blockchain Infrastructure Services. This week, the case reached its closing moments when he admitted to one count of securities fraud.

According to available updates, the ICO took place during the 2017 boom in the market. A statement from the US Department of Justice says he falsified parts of the project’s whitepaper, and misled customers in the US and abroad. He placed false information about the technology and possibilities of cryptocurrency, thereby creating a false image of opportunities for investors.

Here is a brief overview of the current market situation, analyzing the performance of Bitcoin, Ethereum and other altcoins.

Table of Contents

BTC gains traction

Bitcoin has fallen again as the Fed is about to raise interest rates. The changes have come to mitigate the difficulties the US economy is facing due to rampant inflation. It fell to its lowest level in one week as investor anxiety grew in anticipation of upcoming changes.

BTCUSD 2022 07 27 07 03 55 — Source: TradingView

The latest data for Bitcoin shows that it has added 0.33% in a single day. The change in the pattern has helped it turn bullish. The weekly performance of Bitcoin shows a loss of 8.98%.

The increased influx has strengthened Bitcoin’s price value to the $21,166.77 area. If we compare the market value of Bitcoin, it is estimated at $404,899,927,245. The 24-hour trading volume for Bitcoin is estimated at $27,099,809,503.

ETH resumes gains

There has been a dominant bullish trend in the market as the institutional investors continued to inflow into it. They had shown reluctance to invest in Ethereum due to its constant decline in value. It has seen a ballooning trend as it has taken control of the situation.

ETHUSDT 2022 07 27 07 04 44 — Source: TradingView

The value of Ethereum has seen improvement due to the influx of capital. These changes have helped it make gains of 0.83% in a single day. In comparison, the weekly performance shows a loss of 6.93%.

The price value for ETH is in the area of $1,433.63. If we look at the market value of this coin, it is estimated at $174,714,695,829. The 24 hour trading volume for this coin is approximately $17,252,481,103.

DOGE also reverses losses

The value of Dogecoin has also shown signs of recovery. The latest data shows a further 0.76% in the last 24 hours. In comparison, performance over the past seven days shows a loss of approx. 9.39%. The recent inflow has improved the price value which is currently around $0.06228.

DOGEUSDT 2022 07 27 07 05 08 — Source: TradingView

The market cap of DOGE is estimated at $8,274,005,454. The 24 hour trading volume for this coin is approximately $393,137,753. The same amount in its original currency is approximately 6,303,825,453 DOGE.

AVAX remains bearish

The Avalanche have yet to recover from the loss. The latest data shows that it has fallen 0.40% in a single day. In comparison, seven-day performance shows a loss of 18.34%. The price value for this coin is in the range of $20.42.

AVAXUSDT 2022 07 27 07 06 15 — Source: TradingView

If we compare the market cap of AVAX, it is estimated at $5,816,337,317. The 24-hour trading volume for this coin is approximately $402,484,738. The circulating supply of this coin is approximately 283,971,717 AVAX.

Final thoughts

The global crypto market has seen a positive change as capital inflows changed its performance. The latest changes have given it significant gains. The value of Bitcoin, Ethereum and other altcoins have shown improvement as their gains increased. The global market value also improved. It is currently estimated to be $973.83 billion. It would need a strong push to cross $1 trillion.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com has no responsibility for investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.