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Bitcoin, Ethereum, Solana, and Dogecoin Daily Price Analyses – 17 July Roundup

Bitcoin

The global crypto market has seen an improvement in value as the gains added to its value. The latest data shows that Bitcoin, Ethereum, and other altcoins have continued to improve. These improvements have resulted in the enhancement of the overall market as it continued to be bullish. These changes have resulted in strengthening the global market cap value, which is on the way to improvement. Analysts predict that the market might make its way to lasting improvements.

Binance has recently faced a new issue as a user has acquired its domain name www.binance.ca. According to a Twitter account, @cryptofelon, he acquired this domain name in 2017, but Binance is bullying him. He said that Binance has been bullying him to relinquish this domain name. He posted a Twitter thread that discloses the details of what happened between him and Binance.

He was asked by a Binance representative about how much he will take to sell this domain name. He responded by offering it for 420 ETH ($1.8 million then), while the representative offered him no more than $6.5K. He said that he wouldn’t sell it for less than $1.5 million. He claimed that later the representative threatened him with legal action.   

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

BTC trading above $21K

Bitcoin mining has become difficult for miners because of the bearish market. The lowered rates and increased regulations have forced many to quit the business. According to the available updates, miners have sold nearly 400% of their production in June, but it hasn’t been that beneficial to them.

BTCUSD 2022 07 18 08 21 30
Source: TradingView

The latest data for Bitcoin shows that it has shed 0.03% over the last day. The weekly performance also shows improvement as it has added 3.07%. The trend of enhancement has brought Bitcoin considerable gains.

The price value for Bitcoin has also continued in a better range as it is about $21,239.19. If we compare the market cap value for Bitcoin, it is estimated to be $405,707,104,880. The 24-hour trading volume of Bitcoin is about $24,777,683,869.

ETH continues its gains

Ethereum has recently seen a surge in value as its merge is drawing closer. According to the latest updates, 130 millionaire whales are coming back. As a result of these changes, its market cap has surged past $1 trillion and might grow further.

ETHUSDT 2022 07 18 08 21 57
Source: TradingView

The increase in the influx of capital to Ethereum has strengthened the gains. It has added 3.72% over the last 24 hours. If we compare the weekly performance, the addition is about 21.71%.

The changes have resulted in an increase in price value for ETH, which is about $1,401.69. The market cap value for this coin is estimated to be $171,231,120,576. The 24-hour trading volume of the same coin is about $16,866,938,788.

SOL adds further

Solana has been bullish as its progress has continued. The latest data for this coin shows that it has added 2.34% over the last day. If we compare the weekly performance, the gains are about 13.71%. The increasing trend has brought its price value to the $40.59 range.

SOLUSDT 2022 07 18 08 22 19
Source: TradingView

The market cap value for SOL is estimated to be $14,062,204,049. The 24-hour trading volume of the same coin is about $1,140,388,789. The same amount in its native currency is about 28,106,735 SOL.  

DOGE struggling due to difficulties

Dogecoin has been facing problems as its gains have lowered. The latest data shows that it has added 0.65% over the last day. The weekly performance shows that the losses are about 2.30%. The price value for the same coin is about $0.06472.

DOGEUSDT 2022 07 18 08 23 14
Source: TradingView

The market cap value for DOGE is estimated to be $8,599,823,113. The 24-hour trading volume for this coin is about $260,631,271. The circulating supply of this coin is about 132,670,764,300 DOGE.

Final Thoughts

The global crypto market has remained positive as the influx of capital kept it rolling. The addition of considerable value for Bitcoin, Ethereum, and others shows that its performance is satisfactory. The global market cap value has also risen considerably. It is currently estimated to be $979.34 billion. 

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Muhammad Ali

Muhammad Ali

Muhammad Ali is an expert on crypto investments. Loving to write about fintech, he joins the team to provide detailed analyses of the hottest crypto news.

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