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Bitcoin, Ethereum, Dogecoin Start July In The Green: 'Still In A Bull Cycle, Boring Is An Opportunity,' Says Trader

Crypto Markets Continue to Rise as Miner Selling Subsides
Cryptocurrency markets are on the rise once again, as reports indicate that miner selling is subsiding. This news has helped boost the prices of top cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB).
Bitcoin (BTC) Sees 2.1% Increase in Price
Bitcoin (BTC) is currently trading at $63,258.20, representing a 2.1% increase in price from the previous day. This is a promising sign for the world's largest cryptocurrency, as it continues to gain momentum in the market. Other top cryptocurrencies are also seeing similar gains.
Ethereum (ETH) Rises by 1.3%
Ethereum (ETH) is currently trading at $3,470.03, showing a 1.3% increase in price. This is a significant gain for the second-largest cryptocurrency, which has been struggling to break through the $3,500 mark. With miner selling subsiding, ETH may have a chance to continue its upward trend.
Solana (SOL) Continues its Upward Climb
Solana (SOL) has been one of the top-performing cryptocurrencies in recent weeks, and it continues to show strength with a 1.8% increase in price. The cryptocurrency is currently trading at $147.22, and with strong fundamentals and positive market sentiment, SOL could see even more gains in the near future.
Dogecoin (DOGE) and Shiba Inu (SHIB) Also See Gains
Dogecoin (DOGE) and Shiba Inu (SHIB) are two popular meme coins that have also seen price increases in the past 24 hours. DOGE is currently trading at $0.125, while SHIB is trading at $0.00001723. Both coins have been trending on social media, with many users using the hashtags #dogecoin and #shibainu to discuss the latest price movements and developments.
Notable Statistics Show Mixed Trends for Bitcoin (BTC)
According to data from IntoTheBlock, Bitcoin (BTC) is showing some mixed trends in its key metrics. While the large transaction volume has decreased by 16%, the daily active addresses have also seen a decrease of 7.7%. Additionally, exchanges netflows have declined by 114.6%, indicating a decrease in the amount of BTC being sent to exchanges for selling. These statistics suggest that miner selling may be subsiding, which could potentially lead to further price increases for Bitcoin in the future.


Sentiment Result : Positive

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