Bulls have restored their lost positions as most of the top 10 coins are again in the green zone.
Top coins by CoinMarketCap
BTC/USD
The rate of Bitcoin (BTC) has increased by 3.32% over the past seven days.
BTC/USD chart by TradingView
Despite today's price rise, Bitcoin (BTC) could not keep the rise after setting the new peak at around $68,500. In addition, the buying trading volume has declined, which means that buyers are not as powerful as before.
In this case, one may expect the decline to the nearest support at $60,000.
Bitcoin is trading at $64,479 at press time.
XRP/USD
The rate of XRP has gone up slightly over the past week. The growth has constituted 0.71%.
XRP/USD chart by TradingView
XRP keeps trading in a wide channel with no bearish or bullish signals. Bulls made a false breakout of the resistance at $1.29, having confirmed buyers' weakness.
If bulls cannot seize the initiative, the drop may continue to the area of the most liquidity around $1.10152.
XRP is trading at $1.1894 at press time.
ADA/USD
Despite gaining 2% over the past seven days, the rate of Cardano (ADA) has decreased by 0.24% since yesterday.
ADA/USD chart by TradingView
Cardano (ADA) is trading similarly to XRP as neither bulls nor bears are dominating at the moment. In this case, the more likely price action is continued sideways trading in the range between the support at $1.832 and the zone of the most liquidity around $2.10. Such a scenario is relevant until the end of the upcoming week.
ADA is trading at $2.042 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
Celebrity meme coins controversy continues amid Pump.fun revenue dominance
Pump.fun outperformed the Ethereum blockchain on Tuesday after raking in $1.99 million. Following this achievement, a meme coin based on actress Sydney Sweeney was the subject of controversy after its developers dumped their bags on investors.
PEPE's on-chain metrics indicate potential rally after weeks of silence
PEPE has struggled to see any significant price move after reaching an all-time high in May. Increased adoption rate and low MVRV ratio indicate a bullish run may be on the horizon. A single PEPE outflow from Binance worth $14.7 million gives credence to signs of bullish expectation.
Ethereum has failed to overcome key resistance despite bullish sentiment surrounding ETH ETF
Ethereum (ETH) is down more than 1.4% on Tuesday following another ETH sale from the Ethereum Foundation. Meanwhile, crypto exchange Gemini's recent report reveals that ETH ETF could see about $5 billion in net inflows within six months of launch.
Crypto community blasts Polkadot following report of treasury spending
Polkadot reports $87 million of treasury spending during H1. Crypto community members expressed harsh feelings toward the DOT team's high spending. DOT is up more than 2% in the past 24 hours but risks correction following the report.
Bitcoin: BTC price correction could end in July, according to seasonal data
Bitcoin (BTC) price appears poised for a decline this week, influenced by slight outflows in US spot ETFs, selling activity among BTC miners, and a combined transfer of 4,690.28 BTC to centralized exchanges by the US and German governments.