Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Weekly Crypto Preview: These Are The Top 5 Coins

24 June 2024
in Bitcoin
Reading Time: 6 mins read
0 0
A A
0
Home Bitcoin
Share on FacebookShare on Twitter


This week in crypto, the market is poised at an important juncture with a number of important developments on the horizon. These are the highest 5 cryptocurrencies to control within the upcoming days.

#1 Bitcoin: Testing Vital Value Ranges

Bitcoin’s current descent under the $61,000 mark has led to a wave of worry and uncertainties. The cryptocurrency is now at what is named the golden pocket, a essential Fibonacci retracement stage that usually signifies important market reactions.

Daan Crypto Trades (@DaanCrypto) highlighted the significance of this stage, stating, “Bitcoin arrived on the golden pocket Fibonacci retracement stage. If there’s bulls left that need to make this into the next low then that is the spot. A bounce ought to result in a mid-range retest ($66,092), the place failing to take action seemingly ends in a variety low retest ($59,095). Stage by stage.”

Bitcoin value evaluation | Supply: X @DaanCrypto

James Verify (@Checkmatey), a famous on-chain analyst, additional contextualizes the present market dynamics, mentioning that the Bitcoin Promote-side Danger Ratio has peaked, indicating a possible turning level: “The Bitcoin Promote-side Danger Ratio has reached ranges signaling it’s time for the market to maneuver. All of the income that have been going to be taken, have been. Identical for losses. The market must discover a new value vary to stoke the fireplace of worry, greed, panic, or euphoria.” This means that Bitcoin would possibly quickly enter a brand new part of value discovery, influenced by underlying market sentiments.

Bitcoin short-term holder sell-side risk ratio
Bitcoin short-term holder sell-side threat ratio | Supply: X @_Checkmatey_

Moreover, outstanding crypto dealer Wolf (@IamCryptoWolf) delivered another excuse to be optimistic about Bitcoin’s restoration, predicting a bounce from present help ranges towards all-time highs: “As anticipated, BTC has reached the $62k mark. Market sentiment has now turned extraordinarily bearish, simply as I predicted. Who would have thought this 10 days in the past, huh?”

Bitcoin price analysis
BTC value prediction | Supply: X @IamCryptoWolf

#2 Ethereum: Alternate-Traded Funds On The Horizon

The push for Ethereum-based exchange-traded funds (ETFs) in america has gathered momentum with key gamers like VanEck, BlackRock, Grayscale, and Invesco Galaxy Digital revising their S-1 proposals to the SEC final Friday, June 21. VanEck has notably set a aggressive administration payment of 0.20%, carefully rivaling Franklin Templeton’s 0.19%. This aggressive pricing technique may exert strain on different fund managers, together with BlackRock, to keep up or decrease their charges to stay aggressive.

The approval of the S-1 types marks a essential ultimate step earlier than the funds are able to launch. Balchunas forecasts that these funds will make their debut in early July, coinciding with the week main as much as the US Independence Day vacation on July 4.

#3 Blast: Ethereum Layer-2 Scaling Resolution And Token Airdrop

Blast, rising as a major Ethereum layer-2 scaling resolution, is ready to boost its market presence with the launch of its token and a complete airdrop on June 26. The founding father of NFT market Blur, who additionally spearheads Blast, has designed an revolutionary reward system the place Blast Factors and Blast Gold are allotted to customers and builders inside the ecosystem.

The distribution technique for the airdrop is especially noteworthy. Half of the token airdrop will probably be allotted to builders by Blast Gold. The opposite half will probably be distributed to early customers. This method goals to steadiness the incentives between builders who improve the platform and customers who contribute to its ecosystem by engagement and transactions.

“Dapps should distribute all Gold and Factors to customers by June 25, 8am ET to ensure that it to be counted. ​ If you’re a Person and your EOA has Factors or Gold, you need to have signed into your Blast dashboard with that EOA no less than as soon as (both by receiving an invitation or linking it to an current account) to ensure that it to be included within the airdrop calculations,” the Blast workforce introduced just a few days in the past.

#4 TRUMP And MAGA: Crypto Volatility Amid Political Debates

The upcoming US presidential debate on June 27 between Joe Biden and Donald Trump is poised to inject volatility into politically-related memecoins reminiscent of TRUMP (MAGA) and Solana-based Jeo Boden (BODEN).

The 90-minute debate, hosted by CNN’s Jake Tapper and Dana Bash, will happen with out a studio viewers on the request of the Biden workforce, deviating from conventional debate codecs. To forestall disruptions, Biden’s workforce has secured an settlement to mute the candidates’ microphones when it isn’t their flip to talk, a measure to which Trump’s marketing campaign has consented.

The worth of politifi memecoins, TRUMP and MAGA, may expertise important fluctuations primarily based on the talk’s consequence.

#5 Litecoin: Anticipation Builds for the Litecoin Summit 2024

The Litecoin group is trying ahead to the Litecoin Summit 2024, scheduled for July 24-25 in Nashville, Tennessee. The summit’s agenda is filled with classes that may delve into the most recent developments in Litecoin’s expertise, regulatory points, and market dynamics.

One of the crucial anticipated updates on the summit will probably be on the MimbleWimble Extension Blocks (MWEB), offered by developer David Burkett. This replace is essential because it pertains to enhancements in privateness and scalability for Litecoin. Charlie Lee, the founding father of LTC, will deal with the “State of the Chain.”

At press time, BTC traded at $60,790.

Bitcoin price
BTC value falls under $61,000, 1-day chart | Supply: BTCUSD on TradingView.com

Featured picture created with DALL·E, chart from TradingView.com



Source link

Tags: CoinsCryptoPreviewTopWeekly
Previous Post

Bitcoin Technical Analysis: Mt Gox Payment News Rattles Markets – Markets and Prices Bitcoin News

Next Post

Entry-level ML Engineer Salary in US

Related Posts

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News
Bitcoin

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis
Bitcoin

A Ticking Time Bomb? US Senator Compares GENIUS Act to 2008 Financial Crisis

1 August 2025
NFT Marketplace Rarible Adds Support For Somnia NFTs
Bitcoin

NFT Marketplace Rarible Adds Support For Somnia NFTs

1 August 2025
Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near
Bitcoin

Bitcoin’s Next Big Surge? On-Chain Metrics Suggest a Price Shift Is Near

1 August 2025
JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions
Bitcoin

JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions

1 August 2025
JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions
Bitcoin

JPMorgan Chase Partners With Coinbase to Bring Crypto to Millions

1 August 2025
Next Post
Entry-level ML Engineer Salary in US

Entry-level ML Engineer Salary in US

Phishing attacks threaten booming TON network amid rising TVL

Phishing attacks threaten booming TON network amid rising TVL

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
Justin Drake Introduces “Lean Ethereum” Proposal

Justin Drake Introduces “Lean Ethereum” Proposal

1 August 2025
Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Crypto Leverage Under Fire: South Korea Set to Tighten Lending Rules

Crypto Leverage Under Fire: South Korea Set to Tighten Lending Rules

1 August 2025
A.I. Artificial Intelligence (2001)

A.I. Artificial Intelligence (2001)

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$114,737.00-3.17%
  • ethereumEthereum(ETH)$3,613.10-6.12%
  • rippleXRP(XRP)$2.95-7.06%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$766.06-4.81%
  • solanaSolana(SOL)$168.24-7.27%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,614.44-5.87%
  • tronTRON(TRX)$0.326228-0.61%
  • dogecoinDogecoin(DOGE)$0.205444-7.79%