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Bitcoin, Ethereum, Dogecoin Continue Their Green Streak, But ‘Big Test’ Could Come On A $60K Retest

July 15, 2024
Reading Time: 4 mins read
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Bitcoin, Ethereum, Dogecoin Continue Their Green Streak, But ‘Big Test’ Could Come On A $60K Retest

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Cryptocurrency markets are buying and selling increased within the aftermath of the failed assassination try on former President Donald Trump.

Cryptocurrency Worth Beneficial properties +/-
Bitcoin BTC/USD $63,450.42 +5.9%
Ethereum ETH/USD $3,413.92 +7%
Solana SOL/USD $155.8 +7.3%
Dogecoin DOGE/USD $0.12 +8%
Shiba Inu SHIB/USD $0.00001853 +7.9%

Notable Statistics:

  • IntoTheBlock knowledge reveals giant transaction quantity growing by 4% and each day lively addresses rising by 27.5%. Led by the worth surge, 87% of Bitcoin holders are at the moment making a revenue, whereas 13% stay at breakeven.
  • Coinglass knowledge reveals 51,245 merchants have been liquidated up to now 24 hours for $166.00 million. Bitcoin brief liquidations got here in on the highest degree ($48.3 million) since July 9.
  • Crypto chart analyst Ali Martinez noted long-term Bitcoin holders at the moment are again in motion , with 6,500 BTC added to their wallets.  
  • Cryptoquant CEO Ki Younger Ju spotted a restoration in spot ETF demand with 16,800 BTC flowing in final week.

Notable Developments:

Top Gainers:

Cryptocurrency Price Gains +/–
JasmyCoin JASMY/USD $0.02973 +22.1%
Pepe PEPE/USD $0.00001065 +21.3%
Floki FLOKI/USD $0.000176   +21.6%
Trader Notes: Crypto expert Benjamin Cowen points to Bitcoin’s resistance at $64,000 and if it stays constructive “then the large check will come probably on a backtest of $60,000.” He in contrast it to an identical transfer that occurred in Could.

CryptoGodJohn identified a “basic Bitcoin transfer.”

One other closely adopted crypto dealer sees Bitcoin in an excellent cycle. Explaining a chart’s technical sample, he added that when an asset is extraordinarily bullish the rising wedge sample fails which is relevant in all time frames. He concluded, “keep on a look-out for such failed rising wedges on each timeframe.”

Crypto Chase famous Bitcoin is approaching the weekly honest worth hole. Whereas he states that if ranges flip, he’s in search of longs, he is not going to brief such a power. He cautioned traders highlighting his personal technique to not give again positive factors with no clear learn.

What’s Subsequent: The affect of Bitcoin as an institutional asset class is anticipated to be completely explored at Benzinga’s upcoming Future of Digital Assets occasion on Nov. 19.

Learn Subsequent:

Picture: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.

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