The leading cryptocurrency, Bitcoin, with a market value of $ 219 billion, holds about 65 percent of the entire dominance of the cryptocurrency market, and the 25 percent huge price increase triggered an altcoin rise, especially in the Ethereum Classic, Tezos and Monero markets.

Bitcoin Rise Chart

Source: BTCUSD via CoinStats

Ethereum Classic [ETC] Comment

Source: ETCUSD via Trading View

Similar to the strict parent Ethereum, Ethereum Classic had a big rise last week. Currently trading at $ 8.22, the highest price point since early March, ETC has seen green candlesticks repeatedly since July 26, when the Bitcoin run started. This run saw that the price of altcoin rose 24 percent. The main resistance level that broke during this run was $ 7.48, which led Bitcoin to rise above $ 9,000 and dropped the price of ETC twice on April 30 on May 31.

The Chaikin Money Flow instrument indicated that net money flow to the ETC markets was positive and increased last week. It is currently over 0.2, which is valued at 0.25, indicating that it has been a healthy market for altcoin since the end of April. On August 1, on the twit by Ethereum Foundation member Hudson Jameson, exchanges on ETC have to pause deposits and withdrawals due to some problems with altcoin's blockchain.

Tezos [XTZ] Comment

Source: XTZ USD via Tradingview

Ranking 14th on the crypto ladder, Tezos was also a buoy by Bitcoin bulls, but not the same as VB. At the moment, with a price of $ 3.13, the XTZ market started this uptrend in the opposite direction. Between July 23 and July 27, when Bitcoin rose from $ 9,200 to $ 10,200, raising altcoins further, Tezos fell from $ 3.19 to $ 2.75 before pushing up. Four green candles in the past four days pushed the price 11.13 percent from $ 2.78 to $ 3.13. This push saw that XTZ broke the $ 3.04 resistance that dropped the price down in April and May.

The Relative Strength Index for Altcoin initially dropped from 60.92 to 48.25 before returning to its current position at 59.75.

eToro will launch a cryptocurrency-debit card in the UK with the crypto investment platform acquiring Marq Millions Ltd soon. Among the primary cryptocurrencies offered is Tezos.

Monero [XMR]

Source: XMRUSD via Trading View

In the cryptocurrency market, which is located just below Tezos, Monero, the top privacy coin, is in a much more upward trend compared to the second. It is currently priced at $ 90.34, the highest price of XMR since February 2020.  While the Bitcoin rise is a stop-start for Monero, its price has increased more than its altcoin counterparts. Last week, Monero saw a price increase of 26.25%, broke the resistance at $ 69.96 and ended with horizontal trading for two months.

The parabolic SAR is surprisingly bullish, because the dotted lines are not only below the price of the money but also getting higher. Monero has seen little use in larger dark network markets over the past few months, criminal assets still prefer Bitcoin's continent on-off ramps. However, some markets only use XMR to 'hide public books' Chainalysis.