Bitcoin’s price has been unable to maintain yesterday’s bullish momentum, and now the buyers are trying to defend the $63K level. The broader cryptocurrency market is also in a state of consolidation, and it’s interesting to see what the next direction will be.As seen in the chart below, Bitcoin’s price has so far been unable to maintain its position above $63K and has currently lost this level, trading at around $62,600.At the time of this writing, BTC charts a decline of about 0.
However, analysts remain optimistic that July will be a positive month as this has been a historic pattern following declines in June.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The majority of large-cap altcoins are also in a state of consolidation. Only a handful are charting more notable moves.
For instance, AVAX is down 5.6%, UNI is down 3.05 and these are the worst performers out of the larger coins. On the other hand, TON managed to increase by 4%, while ADA is charting gains of 2.6%.It’s been a period of relative stability in the market, and there aren’t a lot of categories that are performing out of the ordinary.
That said, it’s interesting to see if the market will resolve to the upside following the recent uptick in prices or if a further correction is in play.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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