Bitcoin, Ethereum, Dogecoin Trade In A Mixed Bag, Analyst Marks $66,000 As Crucial Support Level Ahead Of New All-Time Highs
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets are mixed with Bitcoin and Dogecoin trading sideways, while Ethereum is down. Notable developments include Ferrari expanding crypto payments in Europe, Peter Thiel's investment in Pudgy Penguins, and Riot Platforms becoming the second-largest US-listed miner. Analysts highlight $66,000 as a crucial support level for Bitcoin.
July 24, 2024 | 8:17 pm
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POSITIVE IMPACT
Citi has upgraded Coinbase amid favorable crypto regulatory shifts, potentially boosting investor confidence.
Regulatory clarity often leads to increased institutional participation and investor confidence, which is positive for Coinbase.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Riot Platforms has become the second-largest US-listed miner with a recent block mining acquisition.
The acquisition significantly boosts Riot Platforms' mining capacity, likely leading to increased revenue and investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80