Crypto market weekly report for the week ending July 9

The crypto market weekly report is back once again to give you an insight into all the major price action witnessed in the market this week. We have seen all the major cryptocurrencies make higher highs as the week ended and the market remained green this week, and almost every major token in the top 100 rose in double digits. Compared to our previous crypto weekly wrap-up, this week, we have seen multiple bullish attempts to breach respective resistances. 

The data from CoinMarketCap shows that the market cap of the entire crypto market is currently at $948 billion as the crypto space remains below the $1 trillion market cap but very close to it. It is also important to note that the number of cryptocurrencies listed on CoinMarketCap is above 20,100 as more and more projects pour into the crypto space. 

In our crypto market weekly report for this week, we will discuss the following tokens: BTC, ETH, SOL, SHIB, and DOGE.

Crypto market performance report

In this crypto market weekly performance review, we will discuss the trajectory followed by each of the tokens mentioned above: 

Bitcoin (BTC)

Bitcoin held the $19K price region as support as the week began, but price action remained sluggish. As a result, BTC dipped to $18K for a moment, reclaiming $19K the following day. The biggest coin in the crypto market continued to retest $19K and went on to reclaim $20K as well. BTC successfully reclaimed $21K and we saw the token reclaim $22K as well. 

Source: TradingView

Ethereum (ETH)

Ethereum made a move to reclaim $1100 as the week began and found support at the $1000 price level. The 2nd biggest coin in the crypto market turned sluggish but jumped 10% the very next day, retaining the $1100 price region. The token jumped 3% once again and went on to reclaim the $1200 price region. 

Source: TradingView

Solana (SOL)

Solana began the week on a bearish note but found support at the $30 price region, turning sluggish as a result. However, bulls took over as SOL broke above $35 but due to a lack of buying volume, the price action turned sideways. With the news of the launch of the Solana smartphone, the SOL token aimed to break through $40.

Source: TradingView

Dogecoin (DOGE)

Dogecoin showed promising signs of growth as the week began and found support at $0.06 and aimed for the $0.07 price level. However, despite reclaiming $0.07, it failed to hold here and dropped to $0.06 but investors remained bullish on the biggest meme coin in the crypto market. DOGE continued its attempts to breach $0.07 and was finally able to do it as noted in our DOGE analysis for July 8.

Source: TradingView

Shiba Inu (SHIB)

Shiba Inu dropped below $0.000010 as the week started but the burning of the meme coin continued to rise and as a result, it was able to reclaim $0.000010. It was confirmed that $0.000010 is a minor support region for the meme coin and investors remained bullish on the SHIB token. As the $0.000010 remained as support, SHIB made a move to reclaim the $0.000011 price level.

Source: TradingView

Conclusion

The crypto market weekly report for the week ending July 9 ends on an optimistic note for all the major cryptocurrencies in the market as investors can expect these cryptocurrencies to make higher highs in the coming days. Furthermore, it will be interesting to see if the crypto market is able to make higher highs in the coming days.