KEY POINTS

  • Crypto market remained red Wednesday as BTC fell below $19,500
  • ATOM, ADA, SOL, and DOGE were among the biggest losers
  • SRM, APE, QNT,  and AAVE were the least affected

The crypto market opened on a bearish note Wednesday as Bitcoin dropped to a daily low of $19,265. The majority of coins dropped significantly in the last month after (BTC) failed to break the $22,000 price resistance and Ether (ETH) failed to retain $1,200. 

Almost half of July is over and the crypto market remains red. As of 1:47 a.m. ET, the price of Bitcoin, the world’s biggest cryptocurrency, stood at $19,506. According to CoinMarketCap (CMC), the prices fell 2.4% in the last 24 hours.

On the other hand, Ether, the world’s second-biggest cryptocurrency, dropped by 3% in the last 24 hours and as of 1:50 a.m. ET, the price of 1 ETH was 1,060, according to CMC. The daily low for ETH stood at $1,035. 

Furthermore, the biggest losers for the day were Cardano (ADA), Solana (SOL), Dogecoin (DOGE) and Cosmos (ATOM) which fell by 3.45%, 2.01%, 3.01% and 4.98%, respectively. The prices for these tokens as of 1:53 a.m. ET were $0.4247, $33.33, $0.06082 and $7.87. 

On the other hand, the least affected tokens in the crypto market included Algorand (ALGO), ApeCoin (APE), Aave (AAVE) and Quant (QNT) which rose by 0.74%, 0.1%, 0.22% and 1.2%, respectively. The prices of these tokens as of 1:57 a.m. ET were $0.3025, $4.37, $70.74 and $82.1. 

An exceptional performer today was Serum (SRM) which rose by 4.46% in the last 24 hours. As of 1:59 a.m. ET, the price of 1 SRM was $1.02, according to CMC.

Representation of cryptocurrency Bitcoin is seen in this illustration A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. Photo: Reuters / DADO RUVIC

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