RATE Group | BTC Trades Sideways, Other Top 20 Coins See More Notable Losses
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BTC Trades Sideways, Other Top 20 Coins See More Notable Losses

02 Aug BTC Trades Sideways, Other Top 20 Coins See More Notable Losses

Posted at 23:57h in Bitcoin News by

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Thursday, August 2: Bitcoin (BTC) and Ethereum (ETH) are trading around yesterday’s levels, while other top 20 coins are seeing notable losses, according to data from Coinmarketcap.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) is up around 0.3 percent over the past 24 hours and trading at $7,579 at press time after testing a slight rebound today. The top cryptocurrency keeps trading sideways, with an intraday low of $7,451, according to the Cointelegraph Bitcoin Price Index. As Cointelegraph reported in a previous market analysis, if Bitcoin breaks $7,750 resistance, the move can extend to further to $8,400.

Bitcoin 24 hours price chart. Source: Cointelegraph Bitcoin Price Index

Bitcoin 24 hours price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is down 1.03 percent, trading at $411 at press time. The major altcoin has climbed to an intraday high of $423 before seeing a gradual decline.

Crypto markets analyst Trading Room suggested on Twitter that if Ethereum dips delow $350, it would cause a further downtrend across other…

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