Bitcoin

Show

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-climbs-altcoins-show-strength" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Climbs; Altcoins Show Strength</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) has initiated a fresh upward movement, raising hopes among <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>. The cryptocurrency’s higher low has bolstered market sentiment, while the positive performance of several altcoins adds to the optimism. The key question remains: will BTC sustain its current trajectory, or will it face a downturn? This article examines potential scenarios and price targets for BTC and notable altcoins.</p>
<h2 id="how-is-binance-coin-bnb-performing">How Is Binance Coin (BNB) Performing?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/binance-coins-market-activity-intensifies-with-price-fluctuations-and-investor-alert" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB), the native token of the world’s largest cryptocurrency exchange by trading volume, recently achieved an all-time high (ATH). Despite this milestone, some major altcoins are still confined within late 2023 price ranges. The conclusion of a U.S. lawsuit and the stepping down of Binance CEO CZ have contributed to maintaining the exchange’s robust position. For BNB Coin enthusiasts, the key level to watch is $635 before aiming for a new ATH. Should the price fluctuate between $560 and $635, a downturn could see it target $495; conversely, it might aim for $700.</p>
<h2 id="what-s-happening-with-solana-sol">What’s Happening with Solana (SOL)?</h2>
<p style="text-align: justify">Solana (SOL) has seen minimal price reaction despite two ETF applications from VanEck and 21Shares. Typically, such <a href="https://newslinker.co" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">announcements</a> spark significant increases in altcoin prices. However, the recent market weakness has muted SOL’s performance. Reclaiming the $143 level is a positive indicator, and maintaining this as support could propel the price towards $175 and $188. A strong BTC is essential for this upward movement, but a downturn could see SOL price fall to $116.</p>
<h2 id="user-usable-insights">User-usable Insights</h2>
<p style="text-align: justify">– BNB Coin’s primary target is $635 before hitting ATH.<br> – Solana needs to hold $143 for potential rise to $175-$188.<br> – XRP’s critical level is $0.50, aiming for $0.53-$0.57 if reclaimed.<br> – BTC strength is crucial for overall market sentiment.</p>
<p style="text-align: justify">XRP Coin Price Analysis</p>
<p style="text-align: justify">XRP has managed to maintain its position around $0.47 irrespective of BTC’s fluctuations. The simple moving average (SMA50) for XRP is at $0.50. If it breaks this level, the next targets are $0.53 to $0.57. In the event of a downturn, XRP’s support levels remain at $0.46 and $0.41.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-climbs-altcoins-show-strength" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Climbs; Altcoins Show Strength</a></h5>

Bitcoin Climbs; Altcoins Show Strength

Inhoudsopgave

BH NEWS

Andere artikelen gepubliceerd op 1 jul 2024

SEC Files Lawsuit Against Silvergate Bank

German and US Governments Move $106 Million in Crypto Amidst July Recovery Hopes

What’s Going On With Meme Coins To Buy WIF, BONK In July?

Bitcoin, Ethereum, Dogecoin Move Sideways As Traders Remain Risk Averse: King Crypto Could Record...

Shiba Inu’s Core Strength: Team Member Discusses Where SHIB True Power Lies, Here’s What It is

Circle wins Europe’s first stablecoin license via MiCA

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!