#Bitcoin has added 1.5% to $24.3K in the past 24 hours. Over the past couple of hours, the first cryptocurrency has regained Tuesday's slump, finding support from buyers at last Friday's local lows.
#Ethereum, following trends in recent weeks, is returning the drawdown even more vividly, adding 3.3% overnight to $1940. Top altcoins are rising between 1.7% (BNB) and 11.3% (Dogecoin).
The total capitalisation of the crypto market, according to CoinMarketCap, rose 2% to $1.16 trillion overnight.
Gold and silver crypto are firmly in an uptrend corridor, turning to rise today before touching the lower boundary.
#Dogecoin was the highest gainer in the top 100 crypto assets, adding around 30% for the week. Another dog coin, #Shiba Inu, is also growing. The community has already managed to call it a dog race. In both cases, it is a manifestation of retail investor activity, like the run-up in meme stocks that is happening again in the stock markets.
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#Ethereum, following trends in recent weeks, is returning the drawdown even more vividly, adding 3.3% overnight to $1940. Top altcoins are rising between 1.7% (BNB) and 11.3% (Dogecoin).
The total capitalisation of the crypto market, according to CoinMarketCap, rose 2% to $1.16 trillion overnight.
Gold and silver crypto are firmly in an uptrend corridor, turning to rise today before touching the lower boundary.
#Dogecoin was the highest gainer in the top 100 crypto assets, adding around 30% for the week. Another dog coin, #Shiba Inu, is also growing. The community has already managed to call it a dog race. In both cases, it is a manifestation of retail investor activity, like the run-up in meme stocks that is happening again in the stock markets.
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#Bitcoin has added another 3.3% in the past 24 hours to $20.8K, bringing the gain over the past seven days to 9%.
#Ethereum is growing at a higher rate, reaching $1570 (+5.8% in 24 hours and 21% in 7 days).
Over the last day, major altcoins added between 1.5% (#DOT) and 21% (DOGE). According to CoinMarketCap estimates, total cryptocurrency capitalisation surpassed the $1 trillion mark, up 3.3% on the day.
#Dogecoin was again buying from Twitter's acquisition by Elon Musk, who had previously said he might add the coin to pay for the social network's services. However, the latest rise looks more like a 'buy rumour' pattern, and it can't be ruled out that the pump will soon turn into a dump.
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#Ethereum is growing at a higher rate, reaching $1570 (+5.8% in 24 hours and 21% in 7 days).
Over the last day, major altcoins added between 1.5% (#DOT) and 21% (DOGE). According to CoinMarketCap estimates, total cryptocurrency capitalisation surpassed the $1 trillion mark, up 3.3% on the day.
#Dogecoin was again buying from Twitter's acquisition by Elon Musk, who had previously said he might add the coin to pay for the social network's services. However, the latest rise looks more like a 'buy rumour' pattern, and it can't be ruled out that the pump will soon turn into a dump.
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#Bitcoin gained 1.9% over the past seven days to $28.3K. #Ethereum up 4% to $1860. Other top ten altcoins performance ranging from a 1.4% decline (#XRP) to a 6.2% gain (#Dogecoin).
The total crypto capitalisation rose 2% over the week to $1.185 trillion.
Bitcoin has been consolidating sideways, around $28K, for three weeks now. On Monday morning, the price briefly spiked above $28.5K in a thin market. On the daily timeframe, the range has narrowed since the beginning of the month, forming a bullish triangle. It is believed that the price will continue to move toward the breakout, with a rise above $29K opening the way to $35K, while a break below $27.5K may pave the way to $25.5K.
The latest recalculation of Bitcoin's mining difficulty showed a new record, up 2.23% to 47.89T. The 25% increase in the hash rate since the beginning of the year indicates growing confidence in the network.
The total crypto capitalisation rose 2% over the week to $1.185 trillion.
Bitcoin has been consolidating sideways, around $28K, for three weeks now. On Monday morning, the price briefly spiked above $28.5K in a thin market. On the daily timeframe, the range has narrowed since the beginning of the month, forming a bullish triangle. It is believed that the price will continue to move toward the breakout, with a rise above $29K opening the way to $35K, while a break below $27.5K may pave the way to $25.5K.
The latest recalculation of Bitcoin's mining difficulty showed a new record, up 2.23% to 47.89T. The 25% increase in the hash rate since the beginning of the year indicates growing confidence in the network.
The crypto market cap rose 1.75% over the past 24 hours to $1.19 trillion, outperforming Bitcoin and Ethereum’s 1.5% growth over the same period. Among the top altcoins, #Solana (+5.7%), #BNB (+6%) and #Polygon (+9.4%) are outperforming the market. #Tron (-0.2%) and #Dogecoin (+1.2%) underperform the market.
According to CoinShares, investments in crypto funds rose by $136 million last week, marking the third consecutive week of inflows totalling $470 million.
However, trading volumes slowed to $1 billion for the week, compared to an average of $2.5 billion in the previous two weeks, CoinShares noted.
#Ethereum reversed to the upside at the end of last week, pulling back from its 50-day moving average. This is the second such reversal in the past two weeks, suggesting that the market is looking to reassert the dominance of the uptrend. If this proves to be the case, Ethereum is headed for a renewal of local highs near $1960 from the current $1880.
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According to CoinShares, investments in crypto funds rose by $136 million last week, marking the third consecutive week of inflows totalling $470 million.
However, trading volumes slowed to $1 billion for the week, compared to an average of $2.5 billion in the previous two weeks, CoinShares noted.
#Ethereum reversed to the upside at the end of last week, pulling back from its 50-day moving average. This is the second such reversal in the past two weeks, suggesting that the market is looking to reassert the dominance of the uptrend. If this proves to be the case, Ethereum is headed for a renewal of local highs near $1960 from the current $1880.
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The crypto market has lost 1.8% over the past 24 hours, falling back to a cap of $1.17 trillion and out of the trading range since mid-month. Bitcoin is down 2.1%, #Ethereum is -1% and other top altcoins fluctuate between -5% (#XRP) and +4% (#Dogecoin).
#Bitcoin fell below $29K on Monday for the first time since 21 June. Monday afternoon saw the rapid implementation of a deepening correction. The first cryptocurrency fell to its 50-day moving average and touched the 61.8% Fibonacci retracement of the rally from the June lows. Now Bitcoin is cooled enough, so its next move could be the prologue to a relatively long trend. Consolidation below $29K could signal the break of the medium-term bull trend.
However, the downside is not the main scenario, and there are more chances for Bitcoin’s growth to recover after profit-taking. Increased risk appetite in global markets following China's stimulus measures and multi-month highs in US indices is also playing into the hands of institutional demand for Bitcoin.
#Bitcoin fell below $29K on Monday for the first time since 21 June. Monday afternoon saw the rapid implementation of a deepening correction. The first cryptocurrency fell to its 50-day moving average and touched the 61.8% Fibonacci retracement of the rally from the June lows. Now Bitcoin is cooled enough, so its next move could be the prologue to a relatively long trend. Consolidation below $29K could signal the break of the medium-term bull trend.
However, the downside is not the main scenario, and there are more chances for Bitcoin’s growth to recover after profit-taking. Increased risk appetite in global markets following China's stimulus measures and multi-month highs in US indices is also playing into the hands of institutional demand for Bitcoin.
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The crypto market is up 0.25% in 24 hours to $1.16 trillion. Bitcoin is up 0.48%, #Ethereum is down 0.1%, and altcoins are mixed, ranging from down 1.4% (#Dogecoin) to up 0.7% (#Solana).
#Bitcoin closed slightly higher on the last three daily candles but barely above the $29.2K level. It has yet to confirm a return to growth after a prolonged correction. Bitcoin has been trading within a local downtrend for the past three weeks, with a series of lower highs and lower lows. Late last month, the 50-day moving average turned from support to resistance, further reinforcing the medium-term bearish outlook.
According to data from CoinShares, crypto fund investments fell by a record $107 million last week, a record $107 million in the past five months, as outflows continued for a third week. Bitcoin investments fell by $111 million, and Ethereum investments by $6 million. Investments in altcoins are partially offsetting withdrawals from the major cryptocurrencies.
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#Bitcoin closed slightly higher on the last three daily candles but barely above the $29.2K level. It has yet to confirm a return to growth after a prolonged correction. Bitcoin has been trading within a local downtrend for the past three weeks, with a series of lower highs and lower lows. Late last month, the 50-day moving average turned from support to resistance, further reinforcing the medium-term bearish outlook.
According to data from CoinShares, crypto fund investments fell by a record $107 million last week, a record $107 million in the past five months, as outflows continued for a third week. Bitcoin investments fell by $111 million, and Ethereum investments by $6 million. Investments in altcoins are partially offsetting withdrawals from the major cryptocurrencies.
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The crypto market is up 1.5% in 24 hours to $1.41 trillion. The dynamics of coins over the past 7 days have been mixed.
Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.
#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.
The technical picture in the altcoins is setting up for another change of leaders in the second tier.
#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.
#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.
Bitcoin gains 0.7%, Ethereum loses 1.6%, while the top altcoins varied from -5.8% for #Tron and -5% for XRP to +23% for #Avalanche and +4.7% for #Dogecoin.
#Bitcoin sticks to its uptrend channel. In #Ethereum, the trend of higher local lows over the last four weeks is noticeable.
The technical picture in the altcoins is setting up for another change of leaders in the second tier.
#Solana has risen for the past month, gaining around 130%. However, the price is still 77% below its peak in October 2021.
#XRP and #Litecoin, once some of the leading altcoins, are not yet in favour of the market. Like the coins above, they started to rise in the second half of last month but have come under more pressure in the last two weeks, reversing the upward trend. It's worth being prepared for them to underperform the market for the foreseeable future as the focus of developers and holders shifts.
The #crypto market cap rose 4.5% over 24 hours to $2.56 trillion, roughly where it was a week ago, with an active rally over the last three days.
Bitcoin is up 4.7%, and #Ethereum is up 4.3% in 24 hours. Their momentum has encouraged even more robust growth in smaller coins. #Dogecoin is up 15% in 24 hours and 100% in 30 days, #Solana is up +9.5% and 86%, and #BNB remains stronger at +6.7% and 54% respectively.
#Bitcoin rose to $67.1K, a third day of strength from an area near the 61.8% Fibonacci retracement of the rise from the January lows to the March highs. The correction from the peak has removed overbought conditions on a daily timeframe, making room for growth and easing the psychological impact on potential buyers as many are more comfortable buying the asset after a drawdown.
The fundamental development of this pattern suggests further growth towards the previous high of $73.7K. If it is successfully breached, the next target for growth could be $95.5K.
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Bitcoin is up 4.7%, and #Ethereum is up 4.3% in 24 hours. Their momentum has encouraged even more robust growth in smaller coins. #Dogecoin is up 15% in 24 hours and 100% in 30 days, #Solana is up +9.5% and 86%, and #BNB remains stronger at +6.7% and 54% respectively.
#Bitcoin rose to $67.1K, a third day of strength from an area near the 61.8% Fibonacci retracement of the rise from the January lows to the March highs. The correction from the peak has removed overbought conditions on a daily timeframe, making room for growth and easing the psychological impact on potential buyers as many are more comfortable buying the asset after a drawdown.
The fundamental development of this pattern suggests further growth towards the previous high of $73.7K. If it is successfully breached, the next target for growth could be $95.5K.
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The #crypto market is quiet, hovering around a total capitalisation of $2.6 trillion for the third day. Bitcoin has so far failed to gain a foothold above $70K, and this is curbing the enthusiasm. It is losing 0.3% in 24 hours against Ethereum's 0.6% rise.
The top altcoins have comparatively subdued and varied dynamics, with fluctuations between -2% for #Dogecoin, -1.5% for #Solana and a 1.5% rise for #Toncoin.
Technically, #Bitcoin remains near the upper boundary of the descending range. The round level of $70K is also quite important for the young crypto market. Going higher would break two barriers at once. Short-term growth momentum could quickly take the price to the highs at $73.5K.
A more distant and important target could be in the $95K-$100K area, where the lower boundary is the 161.8% level of the January-March rise and the upper boundary is an important round level.
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The top altcoins have comparatively subdued and varied dynamics, with fluctuations between -2% for #Dogecoin, -1.5% for #Solana and a 1.5% rise for #Toncoin.
Technically, #Bitcoin remains near the upper boundary of the descending range. The round level of $70K is also quite important for the young crypto market. Going higher would break two barriers at once. Short-term growth momentum could quickly take the price to the highs at $73.5K.
A more distant and important target could be in the $95K-$100K area, where the lower boundary is the 161.8% level of the January-March rise and the upper boundary is an important round level.
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