> ## Content Index
> Fetch the complete content index at: https://btcpeers.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Crypto market erases weekly gains, Bitcoin and Ethereum post losses
- URL: https://btcpeers.com/crypto-market-erases-weekly-gains-bitcoin-and-ethereum-post-losses-2/
- Published: 2022-07-26T08:30:36.000Z
- Updated: 2023-09-24T15:24:29.000Z
- Author: John Williams
- Tags: News, #saudu, #Import 2025-12-27 14:07

Days after showing signs of recovery, it appears the bears have once again taken hold of the [crypto](https://btcpeers.com/what-is-the-best-cryptocurrency-to-invest-in/) market. Bitcoin and other top cryptocurrencies are currently posting losses, erasing the gains from a week ago.

As reported by BTC PEERS, Bitcoin recorded an impressive 23.55% increase in the week leading up to July 20\. The price of the flagship cryptocurrency surged to around $23,800, levels last seen over a month ago. However, Bitcoin failed to break through this level and has declined below $21,500\. As of press time, Bitcoin was trading at $21,081, down by over 4% in a day and 3% in a week.

On the downside, there is support at the $20,850 level. Further down, the next major support is around $20,500, below which the price of Bitcoin could fall to the $20,000 region. And on the upside, there is an immediate resistance near $21,500, with the next major resistance at $22,000.

Along with Bitcoin, other major altcoins have also recorded losses over the past week. Ethereum is currently trading below the $1,450 support level after breaking the $1,500 support zone last week. The second-largest cryptocurrency by market cap is down by over 7% in a day and 6.69% in a week. Its next major support is around $1,365, below which the digital asset could fall to $1,320\. On the upside, there is a significant breakout resistance forming near $1,500.

Meanwhile, the “Crypto Fear and Greed Index” is currently sitting at 26, down from 30 yesterday.