The global market cap of cryptocurrencies is $1.27T, down 14% in 7 days. This was one of the worst trading periods in the cryptoasset market since May 23.
Chainlink (LINK) has continued its downward move as the bears try to break the previous low at $15.05. Since July 1, LINK /USD has fluctuated between the $17.60 and $19 price levels. Today, the market fell to the $15.22 low after breaking the lower price area.
Uniswap (UNI) has fallen over the past week and is nearing the previous low above $15. The reason for the decline is that the bulls have been unable to maintain the upward correction above the recent high of $22.50.
For the past 48 hours, Ethereum's (ETH) downward run was halted at the $1,860 low as bulls bought the dips. Ether price corrected higher but was rejected at the $2,040 high. Ether price is now range-bound between $1,860 and $2,040 price levels.
Ripple's (XRP) downside move appears to have subsided as price consolidates above $0.59 support. Bears have retested $0.59 support on three occasions, while bulls have bought the dips. Crypto upside has been restricted below $0.62 resistance.
Binance Coin (BNB) has resumed a sideways move after buyers failed to keep the BNB price above the $340 high. Sellers were stopped out above the $294 low. The crypto appears to be on the rise as it approaches the $320 high. In short, altcoin is fluctuating between $294 and $340.
Bitcoin (BTC) price continues its upward movement but fails to jump above the $33,100 hurdle. This is the second time buyers have failed to keep the BTC price above $33,100.