Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the near term. Go to Source
Ethereum
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Ethereum Technical Analysis: ETH Clings to $3,000 Threshold Post-Rebound
Ethereum (ETH) has experienced notable price movements recently, currently trading at $3,037. The intraday range has fluctuated between $2,803 and $3,096, with a market capitalization standing at $364 billion. Ethereum The 1-hour ETH/USD chart reveals a recent uptrend beginning at $2,803, marked by a significant bullish candle reaching $3,096 before a slight pullback. A bullish … Read more
Binance’s Latest Proof of Reserves Shows Growth In User Assets Amid Significant Ethereum Transactions
On July 1, Binance released its 20th proof of reserves, showing a significant increase in user assets. User BTC holdings have risen by 4.01% since June 1, reaching 605,637 BTC. Similarly, user ETH assets saw a 1.01% increase, totaling 4.711 million ETH. However, user USDT assets experienced a decline of 2.54%, dropping to 21.51 billion … Read more
Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think … Read more
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales rebounded in the past seven days, climbing 8.1% to … Read more
7 Events That Could Shift the Crypto Market Landscape in an Instant
The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto community might encounter and highlights key points to consider amid the current market volatility. 7 Distinct Things That Could Instantly Change Everything Bitcoin has … Read more
Price analysis 7/5: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
The strong bounce in Bitcoin and select altcoins shows solid demand at lower levels, suggesting traders are buying the current dip. Go to Source
Grayscale Ethereum Trust Hits Premium for First Time Since 2021
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected to launch later this month. On July 2, 2024, ycharts.com … Read more
Bitcoin and Ethereum Plummet: Market Awaits Ideal Buy Opportunity Amidst Liquidation Fears
Bitcoin has recently fallen to a low of $56.7K, while Ethereum has dropped to $3.1K, prompting many traders to see this as a “buy the dip” opportunity. However, the best strategy might be to wait until the initial rush subsides. The ideal time to buy is when the market sentiment shifts to impatience and skepticism. … Read more
Vitalik Buterin opts for faster Ethereum, EIP-7732 gives hope
EIP-7732 aims to make things easier for Ethereum validators by splitting their tasks and creating a committee to check if transactions are revealed on time. Go to Source