Skip to main content

Bitcoin price prediction: BTC ‘must close' above this level to resume bull run

Despite the struggle, the market leader is still down by 2.5% on the day, trading at BTC/USD $35,000.
Ethereum (ETH), the second largest cryptocurrency by market cap, has also taken a hit, sliding by 4.5% and trading at ETH/USD $2,200. Other major altcoins such as Litecoin (LTC), Binance Coin (BNB), and Cardano (ADA) have also seen significant losses, highlighting the overall bearish sentiment in the market.
Despite the dip, analysts remain optimistic about the long-term prospects of the crypto market. #HODL and #BuyTheDip continue to trend on social media, with many investors looking to accumulate more coins at these lower prices.
In the DeFi space, Uniswap (UNI) has seen a surge in trading volume, with its native token jumping by 10% in the last 24 hours. Chainlink (LINK) has also seen an uptick in activity, with its price rising by 5%. These movements indicate that while the overall market may be experiencing a dip, there are still opportunities for growth and profit within specific sectors.
In the world of NFTs (Non-Fungible Tokens), CryptoPunks and Art Blocks continue to dominate the headlines with record-breaking sales. This further solidifies the potential of NFTs as a valuable and unique asset class within the crypto space.
As the market continues to fluctuate, it's important for investors to stay informed and up-to-date on the latest developments. With Bitcoin and other major cryptocurrencies showing signs of recovery, it's possible we could see a bullish turn in the near future. Until then, it's important to #StayCalmAndCryptoOn and make informed decisions based on your own risk tolerance and investment strategy.
In conclusion, while the current market may be experiencing a dip, it's important to remember that volatility is a natural part of the crypto space. By staying informed and monitoring the latest trends and developments, investors can make the most out of their crypto investments. Keep an eye on Bitcoin (BTC), Ethereum (ETH), and other top coins, as well as trending hashtags and crypto tickers, to stay ahead of the game. And as always, #DYOR (Do Your Own Research) and only invest what you can afford to lose. Happy trading!


Sentiment Result : Neutral

Image
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
Post a Comment
Continue Reading »

Crypto Talkies July 31st 2025

As the sun sets on yet another eventful day in the cryptoverse, let’s take a moment to unpack the bustling activity that shaped today's headlines. It's been a whirlwind of legal drama, financial triumphs, and regulatory shifts, promising to keep the digital landscape as dynamic as ever. In a striking legal twist, Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill found themselves pleading guilty to unlicensed money transmission. The tool, aimed at safeguarding privacy, allegedly facilitated laundering over $100 million, leaving Rodriguez and Hill facing a five-year prison sentence. The case underscores the ongoing legal challenges within the cryptocurrency ecosystem. Meanwhile, Kraken has something to cheer about as its Q2 revenue saw an impressive 18% increase, reaching $411.6 million. However, there’s a slight dip in its adjusted EBITDA by 7%. The platform's strategic transition towards traditional finance products is worth watching as it ambitiously ...
Post a Comment
Continue Reading »

Crypto Talkies August 1st 2025

As the sun sets on another busy day in the crypto world, we cast our eyes over a landscape teeming with notable developments and intriguing currents. First off, Coinbase is making waves with its decision to diversify beyond the digital currency realm. With ambitious plans to offer tokenized U.S. stocks and delve into prediction markets, the exchange is not only ramping up its Bitcoin (BTC) reserves but is also aiming to redefine itself as a comprehensive financial market exchange. This move is indicative of Coinbase's strategic pivot to generate more diversified revenue streams. In the realm of corporate strategies, SharpLink Gaming has bolstered its Ethereum (ETH) holdings by an impressive $100 million, marking a continued trend of institutional interest in this particular cryptocurrency. Over at Strategy, formerly known as MicroStrategy, the company is celebrating record profits fueled by its substantial Bitcoin holdings amid surging crypto values. This success story has caught ...
Post a Comment
Continue Reading »