Cryptocurrency prices today, July 14, rose, with Bitcoin hovering around USD 20,000 level. The biggest and most well-known cryptocurrency in the world was up more than 4 percent and trading at USD 20,290. Since reaching a peak of around USD 69,000 in November, Bitcoin has had trouble.
As the Federal Reserve raises interest rates to fight inflation, risk markets struggle, and the cryptocurrency industry endures high-profile blowups like Terra/Luna and Three Arrows Capital, it is down around 60 percent year to date. For over a month, the largest token has been rangebound close to USD 20,000.
Despite marginally higher prices on Wednesday, the current sell-off prevented Bitcoin from rising above the USUSD 20,000 level. Even though it had increased by more than 3 percent in the previous day to USD 939 billion, the market capitalization of all cryptocurrencies today was below the USD 1 trillion threshold, according to CoinGecko.
The second-largest cryptocurrency, Ether, which is connected to the Ethereum blockchain, increased more than 6 percent to USD 1,115. Shiba Inu's price increased by more than 4 percent to USD 0.000010, while Dogecoin's price was trading almost 2 percent higher at USD 0.06.
As XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Apecoin, Avalanche, Polkadot, Polygon (up as much as 18 percent), Uniswap, and Tether prices were trading with gains over the last 24 hours, other cryptocurrency prices today also performed well.
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