Crypto market is in another bigger decline, impacted by stock market sell-off, but we still see it trading within a higher degree A-B-C correction for wave 4, where wave C of 4 can stop anywhere here in the 1.7T – 1.4T area. It's still a summer consolidation, so as long as Crypto total market cap chart is above trendline and 1.2T invalidation level, there's still a chance for a bullish continuation for wave 5, but we need to see sharp or impulsive stabilization back to 2T area to confirm support in place.
By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!
By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.
Recommended Content
Editors’ Picks
Crypto Today: Bitcoin slips under $50,000, double-digit decline in top 30 cryptocurrencies
Bitcoin and altcoins in the top 30 have suffered double-digit corrections in the past 24 hours. XRP suffers a nearly 15% drawdown on Monday, slips to support at $0.4459. Ethereum slips to $2,241, a new 2024 low for the second-largest cryptocurrency.
Bitcoin bleeds under $50,000 amidst global stock market sell-off, what to expect from the BTC cycle
Bitcoin slipped below the $50,000 support early on Monday as stock markets around the world tumbled and bonds rallied amidst recession fears. The crypto market noted $1.06 billion in liquidations in the past 24 hours, per Coinglass data.
Bitcoin struggles below $50,000 amid rising Israel-Iran tensions and declining US economic activity
Bitcoin's (BTC) price shows weakness on Monday, trading 12% lower at $50,898 at the time of writing, amid a slowdown in US employment as shown in the Nonfarm Payrolls (NFP) report for July published on Friday and rising Israel-Iran tensions.
Top trending meme coins PEPE, BOME, TRUMP experience a double-digit crash
Pepe (PEPE), Book of Meme (BOME), and Trump (MAGA) are testing crucial support levels following a double-digit crash on Monday, with the technical outlook suggesting potential corrections for all three.
Bitcoin: Can BTC rebound from the recent market challenge?
Bitcoin’s (BTC) price failed to close above $70,000 at the beginning of the week and dropped to $64,000 by Friday. Mt. Gox continues moving Bitcoin to exchanges for repayments to creditors while the Federal Open Market Committee (FOMC) decided to hold US interest rates steady.