Cryptocurrency markets are buying and selling decrease in sync with different monetary markets as of 8/2/24 Friday afternoon 5pm.
|
Cryptocurrency |
Worth |
Beneficial properties +/- |
|
Bitcoin (CRYPTO: BTC) |
$62,672 |
-1.1% |
|
Ethereum (CRYPTO: ETH) |
$3,013 |
-3.8% |
|
Solana (CRYPTO: SOL) |
$151.3 |
-6.8% |
|
Dogecoin (CRYPTO: DOGE) |
$0.1127 |
-2.3% |
|
Shiba Inu (CRYPTO: SHIB) |
$0.00001485 |
-2.2% |
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Notable Statistics:
-
IntoTheBlock knowledge reveals massive transaction quantity decreased by 23.6%, whereas day by day energetic addresses elevated by 2.8%. Notably, exchanges netflows spiked by 433.8%.
-
Coinglass knowledge reveals 71,166 merchants have been liquidated previously 24 hours for $241.76 million.
-
A crypto dealer famous a Bitcoin whale who bought $716.8 million price of BTC from the Kraken change.
-
Radar stories citing Donald Trump that the $35 trillion debt burden could be paid by handing a bit crypto examine.
-
Arkham Intelligence knowledge factors to Genesis shifting $1.5 billion BTC and ETH for creditor repayments.
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Prime Losers:
|
Cryptocurrency |
Worth |
Beneficial properties +/– |
|
Maker (CRYPTO: MKR) |
$2,465.1 |
-9.8% |
|
Beam (CRYPTO: BEAM) |
$0.01561 |
-8.5% |
|
Helium (CRYPTO: HNT) |
$4.57 |
-8.3% |
Dealer Notes: Crypto dealer CJ highlighted Bitcoin’s weak response and famous that he’ll proceed to stay in longs. He appears at a run as much as $66,000, anticipating a transfer again all the way down to $58,000-$59,500.
He provides, “If I’m mistaken, I’ll get again in $67,000”
Founder and CEO of IntoCryptoverse, Benjamin Cowen sees Bitcoin’s choppiness since March locations it nonetheless forward of the place it usually is at this level within the cycle.
This reveals #BTC cycle ROI from the low.
Regardless of the choppiness since March, BTC is *nonetheless* forward of the place it usually is at this level within the cycle.
If this worth motion continues, then we ought to be again consistent with prior cycles by October pic.twitter.com/NwqX7GAUUR
— Benjamin Cowen (@intocryptoverse) August 2, 2024
One other crypto dealer famous that if Bitcoin loses the quarterly open, then day by day demand is probably going at $59,000 to $60,000 with month-to-month assist/resistance confluence.
Sistine Analysis of their newest X submit said that Bitcoin is nowhere near pricing within the 50% odds of a BTC strategic reserve. It believes that this can occur between now and the election. The prediction from the analysis stands at, “$85,000 – $100,000 BTC earlier than Nov 5.”
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This text Bitcoin, Ethereum, Dogecoin Dump: ‘We Ought to Be Again In Line By October,’ Says Skilled initially appeared on Benzinga.com
