Crypto On July 22: Market Back In Green As Bitcoin Plays Catch-Up

KEY POINTS

Crypto market turned bullish as Ether outperformed BTC
AVAX, ETC and ATOM jumped
Biggest gainers include BTG and CRV

The crypto market turned bullish Friday despite Bitcoin (BTC) losing the $23,000 price level. Ether (ETH) again outperformed BTC, surging 5% in the last 24 hours.

As of 12:49 a.m. ET, BTC was trading at $22,881 and ETH at $1,560. The market dominance of BTC dropped to 41.95%, and for Ether it dropped to 18.18%. While ETH was successful in retaining the $1,500 band, BTC failed in retaining $23,000, an area of resistance, showed CoinMarketCap data.

The major gainers include Avalanche (AVAX), which rose 7.3% to $24..85; Ethereum Classic (ETC), which rose 13% to $25.89; Cosmos (ATOM), which rose 9.5% to $10.71; Near Protocol (NEAR), which rose 9% to $4.5; and ApeCoin (APE), which rose 17% to $6.78 as of 12:58 a.m. ET.

Moderate gainers include Solana (SOL), which rose 4.4% to $42.49; FTX Token (FTT), which rose 3.9% to $29.32; Bitcoin Cash (BCH), which rose 3.89% to $125.06; Vechain (VET), which rose 4.76% to $0.025; and The Sandbox (SAND), which rose 8.65% to $1.39 as of 1:02 am ET.

Additionally, Curve DAO token (CRV), Convex Finance (CVX) and Bitcoin Gold (BTG) jumped 23%, 11%, and 25%, respectively, in the last 24 hours.