If you are long cryptocurrency Nictrades looks at potential targets for taking profit in Bitcoin, Litecoin, Bitcoin Cash, Bitcoin ABC & Ethereum. She shows you how she uses technical analysis to read the markets and what to look for in the next 24 hours. Please subscribe and turn on notifications to receive regular cryptocurrency updates.
The opinions expressed here reflect the views of the author. This is not trading advice, always do your own due diligence prior to making an investment decision.
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SEC vs. Ripple lawsuit outcome expected on July 31, says pro-crypto attorney
The Securities and Exchange Commission vs. Ripple lawsuit could end as early as July 13 or by July 31, according to pro-crypto attorney Fred Rispoli. The lawsuit has been one of the key market movers for the altcoin’s price since 2020.
Crypto Today: Bitcoin recovers even as German government BTC transfers continue, Ethereum and XRP looking up
Bitcoin trades above $57,000 on Monday even as investors remain fearful amid mounting pressure of German BTC transfers. Ethereum trades above the psychologically important $3,000 level as ETH traders anticipate Spot ETF approval by the SEC.
Bitcoin price struggles around $57,000 as German government transfers weigh
Bitcoin struggles against resistance near the $58,500 level but still trades up 2.93% at $57,515 on Monday. On-chain data shows that liquidations on Defi platforms exceed $17.94 million, and Exchange netflow records the highest outflow of 68,498 BTC since November 23, 2023.
Chainlink update: Key on-chain indicators predict nearly 10% recovery in LINK
Chainlink is down 12.39% this week, trading at $12.48 on Binance. The altcoin lost key support at $13.84 and a correction followed, pushing LINK to its July 5 low of $11.05. While whales dumped their Chainlink tokens, smaller investors scooped up the altcoin, buying the dip.
Bitcoin: BTC sinks under $55,000 as Mt Gox prepares payment to creditors
Bitcoin (BTC) price is having its worst week of the year, influenced by selling activity among BTC miners and heavy transfers of Bitcoins to exchanges by Mt Gox and the German Government.