Bitcoin, Ethereum, Dogecoin Feel The Pressure: $60.5K-$62K Is A 'Must-Hold,' But The End Of 'Mini-Correction' Is Drawing Near, Trader Says
Portfolio Pulse from Khyathi Dalal
Cryptocurrency markets are experiencing a downturn, with Ethereum down 7% on the third day of spot Ethereum ETF trading. Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu have all seen significant declines. Notable statistics include a 24.4% drop in large transaction volume and a 826.3% plunge in exchange netflows. Analysts and traders are closely watching Bitcoin's price levels, with some predicting a potential end to the current 'mini-correction.'
July 25, 2024 | 8:09 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Marathon Digital has adopted a 'Full HODL' strategy and continues to buy Bitcoin despite the current market downturn.
Marathon Digital's decision to continue buying Bitcoin and adopt a 'Full HODL' strategy indicates strong confidence in the long-term value of Bitcoin. This could positively impact MARA's stock price as investors may view the company as committed to its Bitcoin strategy.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80