Bitcoin, Ethereum, Dogecoin Continue Their Green Streak, But 'Big Test' Could Come On A $60K Retest

Author: Khyathi Dalal | July 15, 2024 04:23pm

Cryptocurrency markets are trading higher in the aftermath of the failed assassination attempt on former President Donald Trump.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$63,450.42	+5.9%
Ethereum (CRYPTO: ETH)	$3,413.92	+7%
Solana (CRYPTO: SOL)	$155.8	+7.3%
Dogecoin (CRYPTO: DOGE)	$0.12	+8%
Shiba Inu (CRYPTO: SHIB)	$0.00001853	+7.9%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 4% and daily active addresses growing by 27.5%. Led by the price surge, 87% of Bitcoin holders are currently making a profit, while 13% remain at breakeven.
• Coinglass data shows 51,245 traders were liquidated in the past 24 hours for $166.00 million. Bitcoin short liquidations came in at the highest level ($48.3 million) since July 9.
• Crypto chart analyst Ali Martinez noted long-term Bitcoin holders are now back in action , with 6,500 BTC added to their wallets.  
• Cryptoquant CEO Ki Young Ju spotted a recovery in spot ETF demand with 16,800 BTC flowing in last week.

Notable Developments:

• Notorious North Korean Hacker Group Lazarus Suspected Of Laundering $35M From The Infamous $305M DMM Bitcoin Heist
• Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To ‘Single-Digit Months’
• ‘Bitcoin Is A Legitimate Financial Instrument,’ Says BlackRock CEO Larry Fink
• Long-Inactive Bitcoin Wallet Unleashes $60M Amid Market Rebound, Stands To Profit 497X On Sale
• Odds Of Trump Presidency Raised To All-Time High By Crypto Bettors After Assassination Bid

Top Gainers:

Cryptocurrency	Price	Gains +/–
JasmyCoin (CRYPTO: JASMY)	$0.02973	+22.1%
Pepe (CRYPTO: PEPE)	$0.00001065	+21.3%
Floki (CRYPTO: FLOKI)	$0.000176	+21.6%

Classic $BTC move here

Deviate & lose the lows after a 4 month range breakdown on major fud & many people calling for a bear market to start

Just for the entire move to be erased in a few candles pic.twitter.com/SMtvFXogRK

— Johnny (@CryptoGodJohn) July 15, 2024

What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next:

• Top Crypto Trader Contemplates Retirement, Looks For ‘One Last Bullish Trade’ On Bitcoin, Ethereum, Solana

Image: Shutterstock

Posted In: $BTC $DOGE $ETH $FLOKI $JASMY $ORDI $PEPE $SHIB $SOL $UNI