Weekly Crypto Market analysis and news, SHIB & INJ PRIZEPOOL, Bitcoin weekly analysis
Week in Review
German Government's Bitcoin Sell-Off Germany continues its Bitcoin liquidation, transferring another $75 million in BTC to exchanges. TRON's Justin Sun offers to buy all of Germany’s Bitcoin off-market to stabilize the market.
Mt. Gox Bitcoin Movements Mt. Gox has moved $2.7 billion in Bitcoin to a wallet address and started repaying creditors.
Spot Ethereum ETFs Progress Galaxy’s head of asset management reports that spot Ethereum ETFs are close to US approval in July.
NFT Market Decline NFT sales dropped by 44% in Q2 2024.
Tron’s Gas-Free Stablecoin Initiative Tron is developing a gas-free stablecoin solution for Ethereum and Tron chains.
UK Political Shift Keir Starmer becomes the new UK Prime Minister, ending the Conservative Party’s 14-year reign.
US Economic Updates
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Technicals & Macro Analysis
领英推荐
BTCUSD
BTCUSD Bitcoin dropped below $60,000 due to German sell-offs and Mt. Gox disbursements, nearing the key $53,000 support level. The FOMC minutes added pressure, but equities like the S&P and Nasdaq rose, indicating potential buying opportunities.
Key BTC Levels: $49,000 / $53,000 / $59,000 / $66,000 / $72,000 / $73,130 (ATH!)
ETHUSDT
ETHUSD Ethereum's spot ETF launch could happen by mid-July, potentially boosting its price. However, Ethereum's medium-term trend will follow Bitcoin’s performance.
Key ETH Levels: $2,800 / $3,350 / $3,600 / $4,000(ATH)
Stay tuned for more updates and market insights next week!
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