Ethereum

Cryptocurrency

Bitcoin

Ethereum Name Service

<p>Cryptocurrency prices are increasing after a long period of decline. The global crypto market capitalization has also increased by 2%, reaching $2.31 trillion. Let us find out why crypto prices are up today.</p>
<h2 class="wp-block-heading" id="bitcoin-reclaims-key-level">Bitcoin Reclaims Key Level&nbsp;</h2>
<p>Bitcoin has resumed its critical $63,000 level. This move has been seen as a positive indicator by crypto analyst Michaël van de Poppe.&nbsp;However, BTC has now seen a slight pullback.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> followed the path exactly.<br><br>It made a higher low, found support at $60,000, and continued the momentum upwards. <br><br>I think we’ve bottomed out. <a href="https://t.co/s5x8Yynmqj" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/s5x8Yynmqj</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1807685573064167704?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Poppe has indicated that the Bitcoin price is indicating optimism. He mentioned that Bitcoin is forming a higher low. Furthermore, he indicated that BTC is receiving support at the $60,000 mark. Van de Poppe argues that this price pattern suggests a possible bottom for the current slump.</p>
<p>Ethereum has also demonstrated indications of recovery. For a brief duration, ETH has risen to $3,500. This revival comes ahead of the anticipated approval of an Ethereum ETF this week.</p>
<p>Van de Poppe has also <a href="https://x.com/CryptoMichNL/status/1807406231876944187" target="_blank" rel="noopener noreferrer nofollow">provided </a>insights into the altcoin market. He points to the Others/BTC chart as a good indicator of altcoin strength relative to Bitcoin.</p>
<p>Despite altcoins being “hammered” for the past six months, the analyst anticipates a rotation back upwards. Van de Poppe describes the weekly chart as “massive” and expects a major pump for altcoins in the near future.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="historical-context-july-s-potential-for-bitcoin">Historical Context: July’s Potential for Bitcoin</h2>
<p>Adding to the positive sentiment, analyst Ali has <a href="https://x.com/ali_charts/status/1807326177910043012" target="_blank" rel="noopener noreferrer nofollow">shared </a>historical data suggesting that Bitcoin tends to perform well in July, especially following a negative June. According to Ali’s analysis:</p>
<ul>
 <li>Bitcoin has shown an average return of 7.98% in July</li>
 <li>The median return for Bitcoin in July is 9.60%</li>
</ul>
<p>This historical trend provides additional context for the current market recovery.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Historically, when <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> has had a negative June, it tends to bounce back strongly in July. In fact, <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> has shown an average return of 7.98% and a median return of 9.60% during this month. <a href="https://t.co/fJaIwc7Eob" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fJaIwc7Eob</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1807326177910043012?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Several factors may be contributing to the current market rebound:</p>
<ol>
 <li><strong>Technical Bounces</strong>: Key support levels holding for major cryptocurrencies</li>
 <li><strong>Positive Sentiment</strong>: Influential analysts expressing optimism about market bottom</li>
 <li><strong>Historical Patterns</strong>: Expectations of a Strong July Performance based on past data</li>
 <li><strong>Ethereum ETF approval anticipation</strong>: Anticipation of Ethereum ETF approval.</li>
</ol>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/heres-why-ethereum-name-service-ens-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Here’s Why Ethereum Name Service (ENS) Price Is Pumping</a></em></strong></p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-the-crypto-market-up-today-14/" rel="noopener noreferrer nofollow">Why is the Crypto Market Up Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is the Crypto Market Up Today?

Spis treści

CaptainAltcoin

Inne artykuły opublikowane 1 lip 2024

VeChain Launches First Round of Voting on VeBetterDAO Mainnet

Robinhood buys Pluto Capital to bring AI advice to retail investors

Crypto Analyst Predicts Potential XRP Price Surge

Cryptocurrency Kaspa Falls More Than 5% In 24 hours

Bitcoin Bull Run Delayed Until 2025? Insights and Predictions

Explosive Crypto Gems on Bitcoin Ecosystem for 2024

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!