The week started with all the currencies signalling red, but as always the Crypto market will bounce back soon.The demand for these digital currencies are ever growing with a mass adoption. These digital assets are transforming the traditional financial system into a new digital age which will surely open doors to infinite opportunities across the global economy
Today’s newsletter is all about Bitcoin, Dogecoin, XRP, Cardano along with other updates
#1 Bitcoin Trades Below $31,000!
The market still remains stagnant, with Bitcoin experiencing the second-longest bull market, with the price of BTC stuck at $30,000. It also broke a key channel of 32K-36K after it fell below the $32k levels. On the plus side, following communist China’s crackdown of miners, the Bitcoin Mean Hash Rate has already rebounded to mid-2020 levels. Also know what’s up with Binance & Cardano?
#2 Ethereum To Retrace?
The Ethereum price has already fallen below the $1,920 support level, but the bulls are defending the $1,850 level. Near $1,866, a recent bottom was formed, and the price is now retracing. It is currently attempting to break through the $1,900 resistance level. On the other hand, read to know if XRP price will surge high?
#3 DOGE Due For 20% Upswing?
For Dogecoin to hold on to its current price levels and start an uptrend, a strong catalyst will be required. Not to forget, the Bitcoin discussion between Jack Dorsey and Elon Musk on July 21st is just around the corner. If Musk mentions Dogecoin in a favorable light, the price of the cryptocurrency might skyrocket. Also read about DOGE hovering around crucial support levels.
#4 What’s All This Hype Behind The Death Cross?
Death Cross! This is one such topic that’s been discussed in a wide range today. But you might have come across questions like, What is this death cross? How does it happen? How do you calculate it? Then you’re at the right place. Head on to know everything about Death Cross and more.
#5 Are You Making These Trading Mistakes?
We can see many traders are trading Bitcoin and other top altcoins and gaining huge profits. But the Crypto market is not always about winning. It is not too late to enter the crypto space, however there are a few trading strategies to keep in mind before you start your trading. Watch now!!
Are you a newbie in the Crypto space and get confused with the reading? Here is a complete guide to help you with
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