Cryptocurrencies Price Prediction: Bitcoin, XRP & Crypto – European Wrap 1 July
Bitcoin trades above $62,000 on positive on-chain metrics
Bitcoin (BTC) price is breaking above the falling wedge pattern on Monday and trades 1% up at the $63,400 level. On-chain data shows a decline in miners' selling activity, positive funding rates, and increasing open interest, suggesting potential price gains in the coming days.
XRP recovers above $0.48 as SEC lawsuit against Binance likely in jeopardy, Judge relies on Ripple ruling
Ripple (XRP) ruling acted as a precedent when Judge Amy Berman Jackson ruled in the US Securities and Exchange Commission (SEC) vs. Binance lawsuit. The Judge for the US District Court for the District of Columbia dismissed part of the charges against Binance concerning the secondary market sales of Binance’s native BNB token.
Buyers failed to pick up on the crypto market
The crypto market has been enjoying an influx of buyers since Saturday, with a visible acceleration on Monday. Over the past 24 hours, capitalisation has risen 3.6% to $2.33 trillion. Last week’s drop in the crypto sentiment index to 30 (fear zone) reversed the price twice, showing that the market is dominated by a ‘buy the dip’ pattern.
Author
FXStreet Team
FXStreet
