Bitcoin, Ethereum, Dogecoin Start July In The Green: ‘Still In A Bull Cycle, Boring Is An Opportunity,’ Says Trader
By Benzinga
Cryptocurrency markets are trading higher, as miner selling is reportedly subsiding.
| Cryptocurrency | Price | Gains +/- |
| Bitcoin (CRYPTO: BTC) | $63,258.20 | +2.1% |
| Ethereum (CRYPTO: ETH) | $3,470.03 | +1.3% |
| Solana (CRYPTO: SOL) | $147.22 | +1.8% |
| Dogecoin (CRYPTO: DOGE) | $0.125 | +1% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001723 | +1.3% |
Notable Statistics:
- IntoTheBlock data notes a drop in Bitcoin’s key metrics: a 16% fall in large transaction volume, a 7.7% decrease in daily active addresses and a 114.6% decline in exchanges netflows.
- Coinglass data highlights Bitcoin’s open interest at $33 billion, the highest in more than a week. In the past 24 hours, 37,524 traders were liquidated for $124.3 million.
- Germany witnessed the largest outflows ($28.5 million) by any country, based on CoinShares report. Ethereum witnessed $61 million in weekly outflows this week, making it the worst-performing asset year-to-date in terms of net flows.
- The SEC is suing California lender Silvergate in federal court for securities fraud.
Notable Developments:
- Robinhood Expands AI Capabilities With Acquisition of Pluto Capital
- DOJ Division Chooses Coinbase As Partner To Custody $32M In Assets
- Gaming Giant Sony Jumps Into Crypto With Revamped ExchangeMarathon Digital, Riot Platforms And CleanSpark Are Rising Monday: What’s Going On With Bitcoin Mining Stocks?
Top Gainers:
| Cryptocurrency | Price | Gains +/– |
| Bonk (CRYPTO: BONK) | $0.00002576 | +14.6% |
| Ethereum Name Service (CRYPTO: ENS) | $31.94 | +11.9% |
| Brett (Based) (CRYPTO: BRETT) | $0.1653 | +10.4% |
Another crypto trader predicts an incoming “monster move.”
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