Bitcoin, Ethereum, Dogecoin Enter The Weekend With Big Gains: 'Sunday Report Will Make You All Happy,' Trader Touts

Author: Khyathi Dalal | July 19, 2024 04:23pm

Cryptocurrency markets are zooming higher, with open interest spiking and crypto markets unaffected by the global IT outage.

Cryptocurrency	Price	Gains +/-
Bitcoin	$67,081.5	+5.5%
Ethereum	$3,510.1	+3%
Solana	$170.26	+8%
Dogecoin	$0.1251	+5.9%
Shiba Inu	$0.00001799	+5.7%

Notable Statistics:

• IntoTheBlock data shows large transaction volume dropped by 37.6% and daily active addresses grew by 3.9%. Currently, 93% of Bitcoin holders are making a profit while 7% are at breakeven.  
• Coinglass data noted 42,899 traders were liquidated in the past 24 hours for $146.5 million. Bitcoin's open interest is at its highest ($33.89 billion) since June 23.

Notable Developments:

• WazirX Declares $230M Hack A Force Majeure Event, Pledges Full Investigation
• President Biden’s Nomination Odds Plummet: Vice President Kamala Harris Now 60% Favorite, But There May Be A Catch
• BlackRock’s BUIDL Tokenization Fund Hits $500M In Assets Under Management
• Kim Jong Un-Led North Korea Has Found The Crypto Industry An Easy Target, Former FBI Agent Says Hacks Part Of ‘Grand Internal Vision’

Top Losers:

Cryptocurrency	Price	Gains +/–
Mog Coin (CRYPTO: MOG)	$0.000002267	+21%
Bonk (CRYPTO: BONK)	$0.0000314	+21%
Brett (Based) (CRYPTO: BRETT)	$0.1397	+15.7%

Trader Notes: Crypto analyst IamCryptoWolf predicts a realistic target for Bitcoin in this cycle.

My realistic target for $BTC in this cycle, expected between Q2 and Q4 2025, is between 110k and 135k, with potential wicks up to 150k – 180k. pic.twitter.com/SNOI0iEKhA

— Wolf 🐺 (@IamCryptoWolf) July 19, 2024

Notable crypto venture capitalist Chris Burniske pointed to factors like ETH ETFs, Trump speaking at the Bitcoin conference to predict that Bitcoin, Ethereum and Solana will go a lot higher next week.

Doctor Profit reminded traders that a purchase at the exact bottom for Bitcoin in the current cycle would have led to 25% profits. He concluded, "Sunday report will make you all happy…"

Something to say?

Everyone who listened to me bought the exact bottom for #BTC in the current cycle. Indeed, the bottom of the box + wicks below are massive buy region. I begged you to buy, now BTC is up +25% since then.

Sunday report will make you all happy… pic.twitter.com/lJMkXrd5qi

— Doctor Profit 🇨🇭 (@DrProfitCrypto) July 19, 2024

Futures trader Satoshi Flipper tweeted, "The Trump Bitcoin run" has just started and everything Trump will "send hard next 5 months and I still think his election win marks the bull cycle top."

Crypto trader Altcoin Sherpa in a bullish tweet stated,

$BTC: We're 1 nice candle away from the range highs. Send it all pic.twitter.com/tF46UTTCc7

— Altcoin Sherpa (@AltcoinSherpa) July 19, 2024

CrypNeuvo highlighted how Bitcoin is pumping after global IT outage as it has during the banking crisis. "Today banks are closed but BTC is open."

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:

• Bitcoin’s Mid-Term Target: 3 Points You Need To Know

Image: Shutterstock

Posted In: $BONK $BTC $DOGE $ETH $SHIB $SOL