Cryptocurrency markets are down, with Ethereum as the notable example on the launch day of Ethereum ETFs.
Cryptocurrency
Price
Gains +/-
Bitcoin (CRYPTO: BTC)
$65,612
-3.8%
Ethereum (CRYPTO: ETH)
$3,463
-1%
Solana (CRYPTO: SOL)
$172.23
-5.8%
Dogecoin (CRYPTO: DOGE)
$0.314
-8%
Shiba Inu (CRYPTO: SHIB)
$0.00001711
-4.3%
Notable Statistics:
IntoTheBlock data shows large transaction volume up by 75% and daily active addresses up by 24.4%. Transactions greater than $100,000 also spiked from 5,287 to 8,307.
Coinglass data shows total crypto long liquidations at $131.88 million, the highest since July 8. In the past 24 hours, 71,840 traders were liquidated. Bitcoin's short liquidations ($8.2 million) came in at their lowest since July 7.
Bloomberg analyst Eric Balchunas noted Ethereum ETFs hitting $600 million after half of the trading day, around 20% of the $4.6 billion Bitcoin ETFs did on day one.
Notable Developments:
Donald Trump To Announce A Strategic Bitcoin Reserve? Crypto Bettors Think It's Unlikely But Possible
EXCLUSIVE: How AI Can Unlock The True Potential Of Web3
Bitwise To Donate 10% Of Ethereum ETF Profits To Open-Source Developers
Winklevoss-Backed Real Bedford Soccer Club Embraces Michael Saylor Bitcoin Philosophy, Accumulates 82.7 BTC
Top Losers:
Cryptocurrency
Price
Gains +/–
Celestia (CRYPTO: TIA)
$6.51
-13.5%
Dogwifhat (CRYPTO: WIF)
$2.55
-10.8%
Popcat (CRYPTO: POPCAT)
$0.8166
-10%
Trader Notes: Crypto chart analyst Ali Martinez predicted that Bitcoin needs to hold the support level of $66,000.
On the lower time frames, #Bitcoin is showing signs of a double bottom pattern with bullish RSI divergence. If confirmed, $BTC could rebound to $67,600. However, the $66,000 support level needs to hold! pic.twitter.com/NBr7xbsyMZ
— Ali (@ali_charts) July 23, 2024
Crypto analyst Caleb Franzen highlighted that Bitcoin is back in the same effective support zone. He continues, "$BTC has continued to make higher highs and higher lows from a short-term perspective during this recent price action."
Rekt Capital commented on Bitcoin's pullback, saying the crypto king needs to continue holding above $65,000 or at the very least, hold $65,000 as support on any unexpected pullback.
#BTC Was this an unexpected pullback? "Bitcoin needs to continue holding above $65000 or at the very least, hold $65000 as support on any unexpected pullback"$BTC #Crypto #Bitcoin pic.twitter.com/sDHUAdOAcZ
— Rekt Capital (@rektcapital) July 23, 2024
Heavily followed crypto trader Marco Polo believes Bitcoin always gives a second chance.
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.
Shorting BTC Before Trump's Bitcoin Conference Speech Is A Dangerous Game: 10x Research
Coinglassのデータによると、総crypto long liquidationsは13188万ドルで、7月8日以来の最高値です。過去24時間では71,840人のトレーダーが強制ロスカットされました。一方、Bitcoinのshort liquidations(820万ドル)は、7月7日以来の最低値となっています。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。