Crypto On July 21: Bitcoin, Ether Undergo Correction After Days Of Bullish Movement

The crypto market Thursday saw Bitcoin (BTC) break below the $23,000 price level after it failed to make higher highs while Ether (ETH) lost the the$1,500 price region. In the last 24 hours, BTC and Ether dropped 2.23% and 4.80%, respectively, shows data from CoinMarketCap.

As of 1:10 am ET, the price of 1 BTC is $22,824 while the price of 1 ETH is $1,482 as per CoinMarketCap. Moreover, in the last seven days, we have seen BTC and ETH jump by 13.23% and 33.63%, respectively, with Ether outperforming BTC.

If similar price action continues, we can expect Bitcoin to retest its nearest support at $20,000. However, the poll feature from CoinMarketCap shows that 34,510 voters believe BTC will reach $33,099.89 by the end of the month while 12,364 voters believe ETH will jump to $1,275.65 by July end.

Additionally, the data from PricePredictions states that Bitcoin will reach a maximum price of $41,250.95 in 2022 while Ether is expected to reach $2,678.14 by the end of the year.

The biggest losers of the day include Solana (SOL), Polygon (MATIC), Fantom (FTM) and Algorand (ALGO). These tokens dropped by 10%, 11$, 15%, and 9%, respectively, while as of 1:19 am ET, they are priced at $40.71, $0.824, $0.3025, and $0.3391.

Moreover, the cryptocurrencies with the least price drop are Tron (TRX), Litecoin (LTC) and FTX Token (FTT) which dropped 3%, 3.7%, and 3.4%, and these tokens are priced at $0.06735, $56.13, and $28.25 as of 1:24 am ET.

On the contrary, the biggest gainers are Monero (XMR), Celsius (CEL) and Numeraire (NMR), which rose by 2.46%, 1.45%, and 18%, respectively. These tokens are priced at $150.92, $0.7888 and $17.93 as of 1:22 am ET as per CoinMarketCap.