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Bitcoin, Ethereum, Dogecoin In The Red Again, Analyst Reveals Downside Target

July 3, 2024
Reading Time: 3 mins read
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Bitcoin, Ethereum, Dogecoin In The Red Again, Analyst Reveals Downside Target

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Cryptocurrency markets are buying and selling decrease, as Bitcoin is clinging on to its $60,000 support.

Cryptocurrency Value Beneficial properties +/-
Bitcoin BTC/USD $59,925.51 -3.3%
Ethereum ETH/USD $3,275.86 -4.1%
Solana SOL/USD $140.10 -7.9%
Dogecoin DOGE/USD $0.1177 -5.1%
Shiba Inu SHIB/USD $0.00001632 -4.7%

Notable Statistics:

  • IntoTheBlock information notes a drop in Bitcoin’s metrics; giant transactions quantity is down by 6%, and every day energetic addresses declined by 14%. Transactions higher than $100,000 additionally narrowed considerably.
  • Coinglass notes Bitcoin liquidations ($39.1 million) and open curiosity ($33.4 billion) on the highest degree since June 25. Prior to now 24 hours, 61,742 merchants had been liquidated for $171.26 million.
  • Crypto dealer Michaёl van de Poppe noted that the Bitcoin CME hole closed.
  • Daan Crypto Trades highlighted a big wanting $45 million getting into at $60,000.

Notable Developments:

Top Losers:

Cryptocurrency Price Gains +/–
Ethereum Name Service ENS/USD $25.99 -16.3%
Dogwifhat WIF/USD $1.85 -15.7%
Bonk BONK/USD $0.00002187   -14.1%
Trader Notes: Crypto chart analyst Ali Martinez outlined that if Bitcoin breaks $60,600 it could drop further.

Another crypto trader highlighted that his most well-liked goal for Bitcoin is $157,000. He identified that at present, the crypto king is in wave 4, “with only one final (and huge) push increased left to go.” The dealer added that even when the play doesn’t end up like what he predicted, it might nonetheless land someplace shut.

Benjamin Cowen highlighted resistance ranges for Bitcoin.

Picture: Shutterstock

Learn Subsequent:

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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