Bitcoin Technical Analysis: BTC/USD stays around $9,300 while the number of holders hits 20 million
Bitcoin has been trading sideways for practically the past two months, however, that hasn’t stopped investors and new users to continue buying Bitcoin. According to a recent report by Daniel Ferraro, the number of addresses holding Bitcoin reached 20 million on July 1 after a steady uptrend for the past year.
-637297451067967047-637297476080031775.png)
Ripple Technical Analysis: XRP/USD sees a glimpse of hope but it’s still facing a long-term trendline resistance
XRP has been one of the weakest cryptocurrencies for the past year, losing a lot of market dominance and dropping to new lower lows. On July 6, XRP/USD had a significant 8-9% price surge towards $0.189 putting the digital asset inside a daily uptrend. Unfortunately, there is a long-term trendline formed on the daily chart that will act as a strong resistance level in the near future.
-637297387283547807-637297476254880801.png)
ChainLink Technical Analysis: LINK/USD massive 22% surge hitting a new all-time high at $5.90
ChainLink has been clearly outperforming the market for the majority of its existence. Throughout 2020, the digital asset has seen astronomical gains from a low of $1.75 on January 1 to the current high at $5.9. After April 6, LINK has traded above the daily 26-EMA almost the entire time except for a brief period between May 11 and May 20.
-637297404439314923-637297476444574621.png)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1
TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked.
XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch
XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday.
Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit
Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Bitcoin: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.