Can Bitcoin Price Break $69,000 This Month?
Is $5K Ethereum Just Around the Corner?
Hey, crypto enthusiasts!🚀
Bitcoin is gearing up for a potential bull run, WazirX is battling a major hack, and Ethereum ETFs are set to launch—get ready for a week full of market-shaking news!
Market Overview
Market Cap and Volume: The market cap is up by 9%, and trading volume has increased by 43% with the start of the new week.
Fear and Greed Index: Currently at a Greed score of 70, indicating positive market sentiment.
Heatmap Update: Bitcoin is up by 1.11%, and Ethereum has risen by 1.66%. Looks like a good start to the week!
Bitcoin Price and Chart Analysis
Current Price: Bitcoin is currently priced at $67,701. It recently touched $68,476 but has struggled to break through this level.
Historical Trends: In 2013 and 2017, Bitcoin saw major bull runs after breaking previous all-time highs. If Bitcoin closes above $69,000 this month, we might see a similar trend.
Key Levels: Watch for Bitcoin’s monthly and weekly candle closures. A close above $69,000 could signal a strong bullish trend.
WazirX Hack Update
WazirX has hit the pause button on all trading following a major hack.
A detailed forensic audit and security review are in progress to uncover how the breach happened.
The CEO assures that the team is working tirelessly to fix the issues. It’s surprising they didn’t tackle these internal problems sooner.
$10,000 Reward: A $10,000 bounty is up for grabs for anyone who can track and freeze the stolen funds.
Whitehat Bonus: A 5% bounty is offered for the successful recovery of stolen assets.
US Political Updates
Biden Out, Harris In: With President Biden out of the 2024 race, Kamala Harris’s chances are increasing.
Current Odds: Betting markets show Trump with a 64% chance of winning, while Harris has a 28% chance.
Potential Appointments: If Trump wins, there are rumors he might appoint Larry Fink as Treasury Secretary, which could have a big impact on the crypto market.
Trump’s Influence on Crypto
Trump Coin: If Trump wins, tokens related to his campaign, like Trump Coin, could see significant growth.
Market Cap Potential: Trump Coin’s current market cap is $297 million and could easily reach $1 billion with a Trump victory.
Upcoming Events
Ethereum ETFs Launch: Starting July 23, spot Ethereum ETFs debut on CBOE.
Key ETFs: Includes 21Shares, Fidelity, Invesco, VanEck, and Franklin.
Price Predictions: Analysts forecast Ethereum could hit $5K, $10K, or $20K.
Watch For: Institutional moves, staking rewards, and ecosystem growth.
With Bitcoin’s bullish prospects, WazirX’s security drama, and Ethereum ETFs about to roll out, the next few weeks promise thrilling twists and turns in the crypto world!
