Cryptocurrency markets are trading lower, as Bitcoin is clinging on to its $60,000 support.
Notable Statistics:
- IntoTheBlock data notes a drop in Bitcoin’s metrics; large transactions volume is down by 6%, and daily active addresses declined by 14%. Transactions greater than $100,000 also narrowed significantly.
- Coinglass notes Bitcoin liquidations ($39.1 million) and open interest ($33.4 billion) at the highest level since June 25. In the past 24 hours, 61,742 traders were liquidated for $171.26 million.
- Crypto trader Michaёl van de Poppe noted that the Bitcoin CME gap closed.
- Daan Crypto Trades highlighted a large short of $45 million entering at $60,000.
Notable Developments:
- CoinDCX Acquires BitOasis, Marking Its First Move Into The MENA Crypto Market
- Bitcoin Will Plummet To $50K If This Key Support Breaks: 10x Research
- Mike Novogratz: ‘We’re Going To Get Positive Crypto Legislation No Matter Who Wins’
- Odds Of Kamala Harris Replacing Joe Biden As Democratic Presidential Candidate Raised By Crypto Bettors, Memecoin Themed On Her Surges 126%
- Spot Ethereum ETFs Could Arrive By Mid-July, Suggests Analyst Nate Geraci: ‘Theoretically Means A Launch In The Week Of July 15’
Top Losers:
| Cryptocurrency | Price | Gains +/– |
| Ethereum Name Service (CRYPTO: ENS) | $25.99 | -16.3% |
| Dogwifhat (CRYPTO: WIF) | $1.85 | -15.7% |
| Bonk (CRYPTO: BONK) | $0.00002187 | -14.1% |
Trader Notes: Crypto chart analyst Ali Martinez outlined that if Bitcoin breaks $60,600 it could drop further.
Benjamin Cowen highlighted resistance levels for Bitcoin.
Image: Shutterstock
Read Next:
- Top Trader Is Long Bitcoin, Ethereum, Short Litecoin, Cardano…And Thinks Shiba Inu’s Time Has Passed
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