2024-07-30 23:55:08
Blockchain

Cryptocurrency Market Update: Bitcoin and Solana Facing Pressure Amidst Major Losses

Bitcoin experiences a 5% drop as $2 billion in BTC is shifted by US Marshals, with Solana's SOL leading losses at 6%. Market optimism fades without new drivers, potentially increasing volatility due to central bank decisions.

Newly-launched ETH ETFs see $97 million in outflows. Bitcoin faces risks of liquidations below $64K, with Grayscale introducing a Bitcoin Mini Trust and GBTC observing outflows.

Analysts warn of long liquidations as BTC hovers below $66K. Solana's SOL surges but questions arise over its peak at $193, facing resistance at $190 and correcting to $179.

Concerns over Solana's valuation arise amidst stagnating TVL, while Ethereum struggles against key resistance at $3,500. ETH faces downside pressure compared to BTC and other layer-1 tokens, with Solana gaining market share.

CoinDesk
30. Juli 2024 um 07:00

Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses

Cryptocurrencies & blockchain
Finance
Economy
Bitcoin price drops 5% as US Marshals shift $2B in BTC; Solana's SOL leads major losses at 6%; Trump promises pro-Bitcoin policies if elected; market optimism peaks then sells off, lacking new catalysts; central bank decisions could increase volatility; newly-launched ETH ETFs see $97M outflows.
Cointelegraph.com News
30. Juli 2024 um 15:24

Bitcoin analysis warns BTC price liquidations will start below $64K

Cryptocurrencies & blockchain
Finance
Bitcoin price drops below $66K, risking long liquidations; Grayscale creates new Bitcoin Mini Trust, GBTC sees outflows; US spot Bitcoin ETFs like BlackRock's IBIT also see outflows; Consolidation in $53-72K range, short liquidations around $72K; Short-term holders retain recently acquired BTC, signaling accumulation; Trader Jelle sees $72K as key level to squeeze out shorts; Trader Skew notes $800M in open interest liquidation.
Cointelegraph.com News
30. Juli 2024 um 17:41

3 Ethereum price metrics point to further downside in ETH

Cryptocurrencies & blockchain
Finance
Technology
ETH price underperforms BTC and other layer-1 tokens; Ethereum-specific factors in 2024 contribute to downside; Solana gains market share in layer-1 sector; Grayscale's ETHE sees $1.723B in net outflows; $3,500 resistance level presents stubborn barrier for ETH recovery, per IOMAP model.
Cointelegraph.com News
30. Juli 2024 um 19:22

Solana price rallies to $193 but is it SOL’s local top?

Cryptocurrencies & blockchain
Finance
Technology
Solana's SOL token surged 16% between July 25 and July 29 to $193.92, but faced $190 resistance and corrected 8% to $179. SOL gained 23.5% in July. Investors hoped for SOL ETF approval by March 2025 after Ether's. BlackRock sees little client interest beyond Bitcoin and Ether, but Franklin Templeton is optimistic. Solana's volumes driven by memecoins. But Solana also has SPL tokens. Concerns over Solana's TVL stagnation, Ethereum's and BNB Chain's TVLs, and the MEV problem make SOL's valuation..
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