Cryptocurrency markets are zooming higher, with open interest spiking and crypto markets unaffected by the global IT outage.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin | $67,081.5 | +5.5% |
| Ethereum | $3,510.1 | +3% |
| Solana | $170.26 | +8% |
| Dogecoin | $0.1251 | +5.9% |
| Shiba Inu | $0.00001799 | +5.7% |
Notable Statistics:
- IntoTheBlock data shows large transaction volume dropped by 37.6% and daily active addresses grew by 3.9%. Currently, 93% of Bitcoin holders are making a profit while 7% are at breakeven.
- Coinglass data noted 42,899 traders were liquidated in the past 24 hours for $146.5 million. Bitcoin's open interest is at its highest ($33.89 billion) since June 23.
Notable Developments:
- WazirX Declares $230M Hack A Force Majeure Event, Pledges Full Investigation
- President Biden's Nomination Odds Plummet: Vice President Kamala Harris Now 60% Favorite, But There May Be A Catch
- BlackRock's BUIDL Tokenization Fund Hits $500M In Assets Under Management
- Kim Jong Un-Led North Korea Has Found The Crypto Industry An Easy Target, Former FBI Agent Says Hacks Part Of 'Grand Internal Vision'
Top Losers:
| Cryptocurrency | Price | Gains +/– |
| Mog Coin (CRYPTO: MOG) | $0.000002267 | +21% |
| Bonk (CRYPTO: BONK) | $0.0000314 | +21% |
| Brett (Based) (CRYPTO: BRETT) | $0.1397 | +15.7% |
Trader Notes: Crypto analyst IamCryptoWolf predicts a realistic target for Bitcoin in this cycle.
My realistic target for $BTC in this cycle, expected between Q2 and Q4 2025, is between 110k and 135k, with potential wicks up to 150k – 180k. pic.twitter.com/SNOI0iEKhA
— Wolf (@IamCryptoWolf) July 19, 2024
Notable crypto venture capitalist Chris Burniske pointed to factors like ETH ETFs, Trump speaking at the Bitcoin conference to predict that Bitcoin, Ethereum and Solana will go a lot higher next week.
Doctor Profit reminded traders that a purchase at the exact bottom for Bitcoin in the current cycle would have led to 25% profits. He concluded, "Sunday report will make you all happy..."
Something to say?
— Doctor Profit (@DrProfitCrypto) July 19, 2024
Everyone who listened to me bought the exact bottom for #BTC in the current cycle. Indeed, the bottom of the box + wicks below are massive buy region. I begged you to buy, now BTC is up +25% since then.
Sunday report will make you all happy... pic.twitter.com/lJMkXrd5qi
Futures trader Satoshi Flipper tweeted, "The Trump Bitcoin run" has just started and everything Trump will "send hard next 5 months and I still think his election win marks the bull cycle top."
Crypto trader Altcoin Sherpa in a bullish tweet stated,
$BTC: We're 1 nice candle away from the range highs. Send it all pic.twitter.com/tF46UTTCc7
— Altcoin Sherpa (@AltcoinSherpa) July 19, 2024
CrypNeuvo highlighted how Bitcoin is pumping after global IT outage as it has during the banking crisis. "Today banks are closed but BTC is open."
What's Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
- Bitcoin's Mid-Term Target: 3 Points You Need To Know
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