Bitcoin, Ethereum, Dogecoin Extend Rally Triggered By Failed Trump Assassination Attempt: Analyst Calls Pullback To $60K As King Crypto's Next 'Big Test'
Portfolio Pulse from Aniket Verma
Bitcoin, Ethereum, and Dogecoin extended their rally following a failed assassination attempt on Donald Trump and positive comments from Federal Reserve Chair Jerome Powell. Bitcoin surged past $64,000, Ethereum entered the $3,400 zone, and Dogecoin saw significant gains. The global cryptocurrency market cap increased by 5.35% to $2.37 trillion. Analysts advise caution, predicting potential pullbacks and retests for Bitcoin.
July 16, 2024 | 2:35 am
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Bitcoin surged past $64,000 following a failed assassination attempt on Donald Trump and positive comments from Federal Reserve Chair Jerome Powell. Analysts predict a potential pullback to $60,000.
The failed assassination attempt on Trump and positive comments from the Fed Chair have boosted investor confidence, leading to a significant rally in Bitcoin. However, analysts caution about a potential pullback to $60,000.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Dogecoin saw a 7.49% increase, reaching $0.1249, as part of the broader cryptocurrency rally.
Dogecoin's price increase is part of the overall positive sentiment in the cryptocurrency market following significant political and economic events.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ethereum entered the $3,400 zone for the first time since June 3, boosted by the upcoming launch of its spot ETF products.
The anticipation of Ethereum's spot ETF products has driven its price into the $3,400 zone, indicating strong investor interest and confidence.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100