Crypto markets are experiencing a mix of green and red today, July 22, with some of top 20 altcoins[1] by market cap seeing a slight dip of around 1 percent over the past 24 hours, while Bitcoin[2] (BTC) has reclaimed the $7,500 price point, according to Coinmarketcap[3].
Following a week of solid upswing, none of the top 20 coins by market cap are up or down by more than about 1 percent, showing relatively static growth.
Market visualization from Coin360[4]
Bitcoin broke the $7,500 barrier today, up about 1 percent over a 24 hour period and trading at $7,516 at press time. The major cryptocurrency is up almost 18 percent this week, having traded roughly $1,000 less on Monday morning, July 16[5]. The coin is also holding its monthly gains of around 21 percent.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index[6]
In contrast, Ethereum[7] (ETH) is seeing a slight decline today, down about half a percent over the past 24 hours to press time. The top altcoin is seeing just 3 percent gains this week, trading at around $463.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index[8]
Total market capitalization is slowly building momentum, up around 1 percent from yesterday’s figures and currently valued at around $285 billion.
Total market capitalization chart. Source: Coinmarketcap[9]
While total market cap is down from the intraweek high of almost $300 billion, Bitcoin’s dominance over altcoins is growing firmly this week, up 3 percent and currently amounting to 45 percent.
