23 JUL, 2022

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The global cryptocurrency market, despite its overall rally through the week, fell slightly on Saturday, July 18, even as it held it’s $1 trillion mark.

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This was due to an overall loss incurred by major cryptocurrencies including Bitcoin, Ethereum, Solana and Dogecoin.

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The crypto market cap was standing at $1.05 trillion on the day, which is a 0.83 per cent decrease over the past 24 hours.

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"Also though the week began on a bit bearish note, the energy selected up greatly mid-week, taking most cryptocurrencies up," stated Edul Patel, CEO and also founder of Mudrex.

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Bitcoin price today dropped 1.06 percent over the last 24-hour to stand at $22,896.23 based on information from CoinMarketCap.

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While composing this short article, as traders birthed the force of Tesla selling 75 percent of its holdings of the crypto coin.

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However, the belief over Bitcoin boosted additional and also reached its highest since April this year, analysts said previously today.

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"Bitcoin has actually rallied from US$ 20,000 on Monday to above US$ 23,000 on Friday.

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In spite of the crypto sliding a bit after Tesla announced it had marketed 75 percent of its BTC holdings.

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