Bitcoin

Silk Road

POPCAT

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Stabilizes After Recent Sell-Off</a><br></p>
<p class="p1" style="text-align: justify">The total <a href="https://en.coin-turk.com/cryptocurrency-exchange-okx-announces-new-listing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a> value is stabilizing after experiencing selling pressure in the last 24 hours. <strong>Bitcoin’s</strong> price missed the opportunity to establish a support base at $70,000 for the same reason. Among altcoins, the Solana-based memecoin project POPCAT emerged as the biggest loser. Here are the notable developments and important details.</p>
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-crypto-market">What’s Happening in the Crypto Market?</h2>
<p class="p1" style="text-align: justify">The total crypto market value was maintaining a slight upward trend before being interrupted by FUD among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a>. The market panicked when the US government moved $2 billion worth of Bitcoin seized from Silk Road to a new address, expecting officials to sell these assets.</p>
<p class="p1" style="text-align: justify">As a result, during the intraday peak, TOTAL recorded an inflow of $62 billion and an outflow of $23 billion. Skepticism pulled the total value of all crypto assets to $2.33 trillion, and TOTAL is now expected to consolidate below $2.40 trillion until the market rally is revived.</p>
<p class="p1" style="text-align: justify"><img fetchpriority="high" decoding="async" class="aligncenter wp-image-375182 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/total.png" alt="" width="1804" height="806"></p>
<h2 class="p1" style="text-align: justify" id="current-status-of-bitcoin">Current Status of Bitcoin</h2>
<p class="p1" style="text-align: justify">At the time of writing, <strong>Bitcoin</strong> is trading at $66,500, reflecting the outcome of sudden sales due to fear of loss. Before FUD took over the market, Bitcoin had managed to surpass the $70,000 resistance for the first time in nearly two months.</p>
<p class="p1" style="text-align: justify">This would have allowed the crypto asset to break out of the descending broadening wedge and start a rally. Investors will now have to wait for a while before a new all-time high is formed. Bitcoin also has the potential to drop to $65,000 as it is below the $67,100 support. Losing this support will send the cryptocurrency to $63,100.</p>
<p class="p1" style="text-align: justify"><img decoding="async" class="aligncenter wp-image-375181 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-28.png" alt="" width="1805" height="806"></p>
<h2 class="p1" style="text-align: justify" id="popcat-chart-analysis">POPCAT Chart Analysis</h2>
<p class="p1" style="text-align: justify">After BONK lost its position as the biggest loser, the Solana-based memecoin project <strong>POPCAT</strong>, which calls itself the next big thing, dropped more than 15% in the last 24 hours, trading at $0.074.</p>
<p class="p1" style="text-align: justify">POPCAT recorded its all-time high nine days ago, but its attempt to form a new ATH over the weekend failed. As a result, the memecoin is currently holding above the $0.72 support. If the altcoin rises from this support, a recovery towards the $0.83 level is possible. Surpassing this level will invalidate the bearish thesis.</p>
<p class="p1" style="text-align: justify"><img decoding="async" class="aligncenter wp-image-375180 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/popcat.png" alt="" width="1804" height="806"></p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Stabilizes After Recent Sell-Off</a></h5>
<p>The post <a href="https://en.coin-turk.com/crypto-market-stabilizes-after-recent-sell-off/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Crypto Market Stabilizes After Recent Sell-Off</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Crypto Market Stabilizes After Recent Sell-Off

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