Ethereum has continued to witness sharp rise in its price, while the second highest cryptocurrency witnessed a sharp increase in its value, Polygon ( matic) also saw its value go up above 44% in the last few days.
#Ethereum is traded above $1,500
What is next??
— Elja (@Eljaboom) July 18, 2022
Meanwhile, the global cryptocurrency market cap has jumped 1.34% over the last day to nearly $979 billion, according to CoinMarketCap data.
The global crypto market volume over the last 24 hours has decreased 1.8% to $61 billion while the total volume in DeFi was $5.55 billion, representing 9% of the total crypto market 24-hour volume. The volume of all stablecoins was $55.63 billion, i.e. 90.72% of the total crypto market 24-hour volume.
Bitcoin (BTC) dominance declined 0.49% over the day to 41.45% while its price once again changed hands above $21,000. At the time of writing, BTC was trading at $21,690. In the last 7 days, BTC price has increased by 3.37%.
“Most cryptocurrencies retained their gains over the weekend. Despite a slight decline, Bitcoin remained above the US$20,000 level, indicating that the selling volume has come down. BTC will likely trade sideways between US$20,000 and US$21,000 in the coming days,” according to Edul Patel, Co-Founder and CEO, Mudrex a Crypto Investing platform.
“The second largest cryptocurrency, Ethereum, has outperformed the market by gaining 17% over the previous week. Ethereum has traded at the US$1,355 level for the first time in a month on Saturday as Merge draws nearer,” he added