The month of July 2021 was a recovery period and revaluation of cryptocurrencies, especially after the corrections they had during May and June. Although in the first week of July a similar behavior to the two previous months could be evidenced in the market cap of the crypto ecosystem, a change in this trend could be evidenced from the 20th, where cryptocurrencies began an upward direction to be able to close the month of July positively (concerning the beginning of the month). Next, we will summarize the leading indicators of Bitcoin, Ethereum, and Dash for July 2021: prices and market capitalization.

Bitcoin price July 2021

July 1 US $ 34,331

July 31 US $ 42,502


Bitcoin price July 2021. Source: coinmarketcap.com

Bitcoin market capitalization July 2021

July 1 US $ 643,561,504,579

July 31 US $ 797,896,977,095


Bitcoin market capitalization July 2021. Source: coinmarketcap.com

Bitcoin analysis July 2021

During July, there was a total increase in the price and market capitalization of Bitcoin of +23.80% and +23.98%, respectively; three outstanding stages can be seen during the month, the first stage occurred in the first days (from July 1st to 12th), where slight fluctuations can be appreciated but that maintain the initial average price, then came a second stage, where a slight decrease can be seen, which occurred from July 13th to 20th, to then move on to a third stage, from July 21st to the end of the month, where a marked increase can be seen (reaching its peak on the 31st). As we can see, the outlook for the price of Bitcoin in July (+23.80%) was very positive, especially if we compare it with its previous value in June (-6.75%), and slightly favorable if we compare it with the July prices of Ethereum (+18.47%) and Dash (+21.58%).

Ethereum price July 2021

July 1 US $ 2,209

July 31 US $ 2,617


Ethereum price July 2021. Source: coinmarketcap.com

Ethereum market capitalization July 2021

July 1 US $ 257,371,510,052

July 31 US $ 306,015,008,607


Ethereum market capitalization July 2021. Source: coinmarketcap.com

Ethereum analysis July 2021

During July, there was a total increase in the price and market capitalization of Ethereum by +18.47% and +18.90%, respectively; three outstanding stages can be seen during the month, the first stage occurred in the first days (of the July 1st to 8) where specific oscillations can be appreciated but maintaining the average initial price. A second stage began on July 9th, where a decrease in the price could be observed until the 20th (being its lowest point), while from July 21st to the end of the month (third stage), a marked increase could be seen, reaching its peak on July 31st. It is important to note that the outlook for the Ethereum price in July (+18.47%) was very positive if we compare it with its previous value in June (-17.15%), but slightly “less favorable” if we compare it with the July prices of Bitcoin (+23.80%) and Dash (+21.58%).

Dash price July 2021

July 1 US $ 139

July 30 US $ 169


Dash price July 2021. Source: coinmarketcap.com

Dash market capitalization July 2021

July 1 US $ 1,426,534,299

June 31 US $ 1,741,240,154


Dash market capitalization July 2021. Source: coinmarketcap.com

Dash Analysis July 2021

During July, there was a total increase in the price and market capitalization of Dash by +21.58% and + 22.06%, respectively; three outstanding stages can be seen during the month, the first stage occurred from July 1st to 19, where there was a gradual decline with slight oscillations, reaching its lowest point on the 19th, then came a brief “volatile” stage (between July 20, 21 and 22), where the price increased considerably, to descend again immediately and later rise again in a short period, then came a third stage, which was from July 23rd to 31, which was characterized by constant growth with marked oscillations, reaching its maximum point July 31st. It is important to note that the outlook for Dash’s price in July (+21.58%) was very positive, especially if we compare it with its previous value in July (-28.87%), and slightly favorable with Ethereum’s July price (+18.47%), but slightly “less favorable” when compared to Bitcoin’s July price (+23.80%).

What do you think about this data? What is your preferred cryptocurrency?

If you want to know more about Mercury Cash, you can contact us or write your query below (comments section).

Image by execution via Unsplash.com under Creative Commons license.


Leave a Reply

Your email address will not be published.