Cryptocurrency News

3 reasons why Bitcoin is struggling to flip $20K to support

07/14/2022

Less than a minute

2022.07.14 07:20

3 reasons why Bitcoin is struggling to flip $20K to support

The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new yearly lows.

Subdued action in the market can be traced back to a variety of factors ranging today’s record-high Consumer Price Index print and a raging US dollar that recently hit its highest level since October 2002.

07/14/2022

Less than a minute

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Bitcoin (BTC) $ 104,585.02 5.02%

Ethereum (ETH) $ 3,480.09 5.90%

XRP (XRP) $ 3.28 1.73%

Tether (USDT) $ 1.00 0.06%

Solana (SOL) $ 219.69 4.98%

BNB (BNB) $ 721.90 1.85%

Dogecoin (DOGE) $ 0.413398 9.94%

USDC (USDC) $ 1.00 0.01%

Cardano (ADA) $ 1.14 4.81%

Lido Staked Ether (STETH) $ 3,481.94 6.02%

TRON (TRX) $ 0.248983 4.92%

Avalanche (AVAX) $ 41.42 4.18%

Chainlink (LINK) $ 25.15 9.55%

Stellar (XLM) $ 0.488182 0.88%

Sui (SUI) $ 4.89 2.13%

hedera-hashgraph

Hedera (HBAR) $ 0.378331 3.31%

Wrapped stETH (WSTETH) $ 4,150.97 6.29%

Shiba Inu (SHIB) $ 0.000024 10.49%

the-open-network

Toncoin (TON) $ 5.59 2.54%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 104,158.91 4.76%

Polkadot (DOT) $ 7.58 6.22%

WETH (WETH) $ 3,478.22 5.96%

Litecoin (LTC) $ 137.00 10.88%

Bitcoin Cash (BCH) $ 493.26 7.18%

Uniswap (UNI) $ 15.04 6.77%

LEO Token (LEO) $ 9.73 0.40%

Pepe (PEPE) $ 0.00002 12.47%

Bitget Token (BGB) $ 7.00 5.05%

Hyperliquid (HYPE) $ 23.29 0.31%

Wrapped eETH (WEETH) $ 3,669.56 5.63%

NEAR Protocol (NEAR) $ 5.77 12.17%

USDS (USDS) $ 1.00 0.20%

Ethena USDe (USDE) $ 1.00 0.02%

Aptos (APT) $ 9.80 6.54%

internet-computer

Internet Computer (ICP) $ 11.38 5.69%

Aave (AAVE) $ 334.84 8.33%

VeChain (VET) $ 0.056167 10.07%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.50975 8.03%

Ethereum Classic (ETC) $ 28.41 6.74%

Monero (XMR) $ 230.84 6.01%

Render (RENDER) $ 7.98 7.16%

crypto-com-chain

Cronos (CRO) $ 0.147194 2.79%

Bittensor (TAO) $ 489.17 10.18%

Algorand (ALGO) $ 0.473109 2.29%

Kaspa (KAS) $ 0.152591 4.37%

Mantle (MNT) $ 1.13 2.03%

Artificial Superintelligence Alliance (FET) $ 1.42 6.85%

MANTRA (OM) $ 3.84 0.77%

Filecoin (FIL) $ 5.86 4.92%

Dai (DAI) $ 1.00 0.01%