![]() ![]() However, Santiment suggests watching other assets, such as Ethereum (ETH), Cardano (ADA), XRP, and BNB, as they seem to be receiving less attention in comparison. Given this trend, it is no surprise that greater attention is being directed toward the leading digital asset. Source: CoinMarketcapĪmidst these exhilarating updates, Santiment took to Twitter to highlight the growing dominance of Bitcoin’s price in 2023. Moreover, the cryptocurrency has soared to its highest level since 2022, showcasing a clear bullish momentum and injecting fresh optimism into investors’ minds. In an eventful week that witnessed notable developments in the financial world, Bitcoin has emerged as the star performer, displaying resilience by holding key resistances between the $31,000 and $30,000 thresholds. Bitcoin (BTC) & Ethereum (ETH) Weekly Review Moreover, some popular coins are experiencing gains in weekly charts, including TRX at 2%, LEO at 4%, and MKR with an increase of 2.54%, according to the data from CoinMarketcap. Currently trading at $6.34, the token’s 24-hour trading volume is increasing by 3.75%. The token’s price has reached a high of $6.88. Source: CoinMarketcapįrax Share (FXS) has recently gained significant attention, with an above 8% weekly gain. In the last 24 hours, the token has experienced a 2.64% decrease, while its trading volume has dropped by 42.92%. Although a consolidation or pullback is possible, the overall outlook remains bullish.Ĭurrently, SOL is trading at $21.22, reaching its peak at $22, indicating a robust and noteworthy performance. In the last 10 days, Solana surged 35%, indicating a strong upward trend. Over the past week, SOL has experienced an impressive surge of approximately 10%. Meanwhile, Solana (SOL) is also gaining attention from the community as a top weekly performer. The cryptocurrency hit its peak of $1.46, displaying a strong and remarkable performance. ![]() Kusama announced that the mainnet launch of Shibarium may be discussed and unveiled at the Blockchain Futurists Conference in Toronto in August.Ĭurrently, BONE is trading at $1.34, demonstrating a 0.18% increase in the past 24 hours. ![]() This growth can be attributed to Shitoshi Kusama, the lead developer of Shiba Inu, who revealed a potential launch date for Shibarium. It’s crucial for crypto investors to stay aware of these key dates and make informed decisions.In the top 100 cryptocurrencies, several Altcoins on the weekly gain list have grown substantially, with Bone ShibaSwap leading the pack and Solana (SOL) and Frax Share (FXS) in third place.īone ShibaSwap, the governance token of Shiba Inu, has been causing waves in the cryptocurrency market, with a surge of 40% over the past week and displaying bullish indicators.ĭespite the bearish crypto market, BONE has experienced significant bullish momentum. Likewise, the ECB meeting might affect the crypto market in an indirect way, depending on its monetary policy decisions. Strong GDP growth may improve investor confidence, which could be favorable for the overall crypto market, or vice versa. The GDP report, on the other hand, could act as an economic health indicator. Similarly, outcomes from the FOMC meeting could shift investor sentiments and influence capital flows within the crypto market. For instance, higher-than-expected CPI data could reflect inflationary trends, prompting investors to seek inflation hedge assets such as Bitcoin, thereby driving up its price. The impending economic events and reports could potentially have significant impacts on cryptocurrency prices, both in positive and negative ways. Possible Influence of Economic Events on the Crypto Market XRP is back to the $0.46 resistance level. However, Bitcoin has managed to secure its position above the $30,000 benchmark, while Ethereum is maintaining a steady position around the $1,850 mark. The price patterns of leading digital currencies such as Bitcoin, Ethereum, Binance Coin (BNB), XRP, Cardano, and Dogecoin have followed suit, all exhibiting a downward trend. The combined value of the cryptocurrency market has dipped slightly, recording a 0.8% decrease within the last 24 hours. Crypto Market Performance: A Momentary OverviewĪmidst this economically charged calendar, the crypto market is currently demonstrating a somewhat bearish trend. In addition to that, July 27 carries a dual significance as it hosts the GDP report release as well as the European Central Bank (ECB) meeting. Furthermore, towards the end of the month, the Federal Open Market Committee (FOMC) is slated to meet on July 26. On July 12, we have the release of the Consumer Price Index (CPI), followed by the Producers Price Index (PPI) data release on the 13th. What dates are you watching?- CoinGecko July 10, 2023 ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |