Crypto Market: Bitcoin Surged To US$ 23,293, Ether Fell By 1.38% Today

Over the past week, the crypto coin markets are sharply surging again, giving an optimistic tone to investors. On July 19, till 6.15 pm UTC, Bitcoin was quoted at US$ 23,293.30 surging by 3.79% in the intra day trading. The asset has been bullish by 13.34% in the last 1 month, and sharply surged by 13.33% in the last 5 days. Yesterday, Bitcoin closed at US$ 22,442.20.

However, other crypto coins have shown a mixed trend today. Ether was quoted at US$ 1,559.86, falling by 1.38%. Yesterday, Ether closed at US$ 1,581.63. Litecoin was quoted at US$ 58.17, falling by 0.70%, Dogecoin was quoted at US$ 0.0690 gaining by 1.83%, and Cardano was quoted at US$ 0.5080 gaining by 3.14% today, till last traded.

Commenting on the market trend of Ether, Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies told CoinDesk, "Ether needs more significant improvement in intermediate-term momentum to convince us a lasting turnaround is underway. Ether has cleared its 50-day [S]MA, improving sentiment behind altcoins [alternative cryptocurrencies], but the bounce may be fleeting with short-term overbought conditions having returned. The downtrend remains intact, with prices below the daily [Ichimoku] cloud model."