After breaking out to a new high over USD 23,500, the price of Bitcoin has continued its ascent, reaching a new high above the USD 24,000 mark. It has gained about 7% in the last day and more than 7% in the past week, and is now trading at a little over USD 24,500. The majority of the top Cryptocurrencies are also looking to increase their value. Perhaps ETH will attempt to break beyond the USD$2000 barrier. If XRP can break over USD 0.385, it may get up steam. Around USD 0.55, ADA is seeing some stiff competition.

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Following the positive market reaction to the news of Shadow Fork 9, ETH began to recover. As a result of the present upswing in the marketplace, Ethereum is making gains and is on the upswing. Similarly, several altcoins like Polygon (MATIC) and Lido DAO (LDO) are doing well on the weekly chart, with both seeing significant price rises over the last few months and above the past 24 hours. Unfortunately, just a handful of the 100 best Cryptos have managed double-digit increases, while the others are still reeling from the repercussions of the recent Cryptocurrency hurricane. Polygon (MATIC) is one among them since it showed a significant improvement. According to data provided by CoinGecko, MATIC is dealing at $0.91, representing a 19.88% increase over the last 24 hours and a significant 65% increase over the previous 7 days. The value of Polygon (MATIC) shot up when Disney announced the Cryptocurrency's inclusion in its "Accelerator Program." The latest addition is Lido DAO (LDO), which has seen a massive increase in value. LDO, the currency used for voting in the decentralized autonomous organization, has shown exceptional growth of 167% over the last week. The pricing has risen 6.1% in the last 24 hours, to $1.68. LDO has recovered some of its June losses after falling to a low of around $0.432899, but it hasn't found the support it needs to return to its May peak of $3.3816.

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Price of Bitcoin

The Bitcoin prices have increased and are currently above USD 24,500, after having closed at over USD 23,500. With the bull still in control, the price of Bitcoin might break over the USD 25,000 barrier mark. The USD 25,500 level is the next point of resistance, over which the price might reach USD 26,200. Conversely, USD 24,200 is an early support level. If the price drops below the USD 24,000 level, the next major support is at the USD 23,500 level.

Ethereum Price

The price of Ethereum has been trending upwards since breaking out over the USD 1850 barrier, and it is now trying to close above the USD 1900 resistance. A sustained close above here may pave the way for a run at the USD 2000 support level. Above USD 2120, the prices may reach a new all-time high around the USD 2050 mark. The USD 1850 area provides early assistance below. The USD 1800 area represents the subsequent key support. If reductions continue, the prices may drop below $US1700.

But the root of the problem is still unclear. The reality is that on July 14, just after the introduction of the ninth shadow fork, prices skyrocketed. This suggests that the anticipated "Merge" of Ethereum to Proof-of-Stake may be at the root of the recent price hike.

ADA, BNB, SOL, DOGE, and XRP Price

Upward momentum in Cardano (ADA) has broken above the USD 0.535 barrier level. At the moment, the price is meeting stiff resistance at the USD 0.55 level; farther than that, the USD 0.60 level may be reached. The USD 332 and USD 335 price ranges are proving to be a barrier for BNB. Breaking above the USD 335 mark may signal the start of a new upward trend. The pricing may rise to about USD 350 if this happens. The price of a single unit of Solana (SOL) has increased by about 11%, and it is now trading above the USD 44.00 mark. The USD 45 level is the next major barrier, through which the USD 46.20 ceiling may be tested. The price of DOGE has broken out over the USD 0.0700 resistance mark. Now that the bulls have run into resistance at USD 0.0725, they may run into further trouble above the USD 0.0750 support level. The USD 0.385 and USD 0.388 resistance levels are proving difficult for the XRP price to break through. The price may continue a steeper ascent after breaking through the following major resistance level at USD 0.40.

Other Altcoins Market

Dot, Matic, Uni, Link, Near, LTC, FTT, Cro, Atom, and Rune are just some of the Cryptocurrencies that are doing well. LDO as well as CEL, meantime, are the biggest performers among the top 100 coins presently, having increased by 19% and 30% in a day, respectively, to reach over USD 2.75 and USD 2.40. In the same time frame, LDO has increased by 7% but CEL has increased by a whopping 109%. As a whole, the price of Bitcoin is trending upwards above the US Dollar 24,000 barrier level. A more rapid rise is possible if BTC breaks over US Dollar 25,000

Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.