BTC Bullish Predictions, U.S. Elections Insights, and Soon ETH ETFs Launch - July 22, 2024
A quick and digestible recap of yesterday’s crypto news.
TL;DR: Market Insight in Seconds
ETH: Ethereum ETFs are set to launch soon with critical information for investors.
BTC: Bitcoin's bullish trend hints at potential gains for other cryptocurrencies.
U.S Election: Insights into Kamala Harris's views on crypto.
BTC: Bitcoin's price gains may face resistance from rising sell orders.
Dogecoin: High open interest catches traders' attention.
TON: Network's TVL surpasses $760M.
Boden: Biden's withdrawal from the presidential race impacts Boden Token.
Price Update
Bitcoin's Price Advance Toward $68K with a Bullish Push
Bitcoin's recent price movement towards $68,000 has set a bullish trend for several altcoins, including Solana (SOL), Internet Computer (ICP), The Graph (GRT), and Bonk (BONK). Analysts predict that these cryptocurrencies could see significant gains if Bitcoin maintains its upward trajectory. Traders are closely monitoring the market for potential breakout opportunities.
Coinbase: BTC Recent Price Gains May Be Limited by Rising Exchange Sell Orders
Bitcoin's recent price gains might face resistance due to an increase in sell orders on various exchanges, according to Coinbase analysts. The rising sell pressure could limit Bitcoin's upward momentum in the near term. Traders and investors should monitor the market closely for signs of potential price corrections.
Market Trends
Ethereum ETFs Set to Launch Soon: 9 Spot ETH ETFs on July 23.
Ethereum exchange-traded funds (ETFs) are expected to hit the market soon, providing investors with a new way to gain exposure to ETH. These ETFs will allow for easier and more regulated investment in Ethereum. Where to buy? Any major broker will list them and you can invest through them. Which are the 9 ETFs launching on July 23? 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, Franklin Ethereum ETF, Bitwise Ethereum ETF, iShares Ethereum Trust, Grayscale Ethereum Mini Trust, and Grayscale Ethereum Trust.
Dogecoin's High Open Interest Catches Traders' Attention
Dogecoin (DOGE) has seen a surge in open interest, indicating that traders are heavily betting on the cryptocurrency's future price movements. This heightened activity could lead to increased volatility in the DOGE market.
TON Network's TVL Surpasses $760M: Is This Bullish for TON Price?
The Total Value Locked (TVL) in the TON Network has surpassed $760 million, marking a significant milestone for the blockchain platform. This increase in TVL suggests growing adoption and usage of the network's services. Market analysts believe this development could have a positive impact on the price of TON tokens.
U.S. Elections and Crypto Implications
Biden's Withdrawal from the Presidential Race Impacts Boden Token
Following President Joe Biden's announcement that he will not seek re-election, the Boden Token has experienced a sharp decline, dropping by 44%. This reaction reflects market uncertainty regarding future political leadership and its potential impact on cryptocurrency regulations and policies.
Kamala Harris's Views on Crypto: All We Know About
Vice President Kamala Harris has expressed cautious optimism about cryptocurrencies. While she acknowledges the potential benefits of blockchain technology, she also emphasizes the need for regulatory oversight to protect consumers and ensure financial stability. Harris's balanced approach suggests that future crypto policies under her influence may focus on fostering innovation while addressing risks.
The cryptocurrency market is filled with significant developments, from the upcoming launch of Ethereum ETFs to Bitcoin's bullish trend and political impacts on crypto assets. As always, staying informed and vigilant in the crypto landscape is crucial for making strategic investment decisions. Stay tuned for tomorrow’s newsletter to get the latest insights and updates in the market.
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