My people! Get ready because the crypto market is hotter than ever! 🔥 There's a festive atmosphere, and experts say there's still "plenty of room to grow." This is heating up!
The global crypto market continues to rise! 📈
The global cryptocurrency market capitalization jumped by 0.7% in the last 24 hours, reaching the impressive figure of $3.28 trillion! A serious matter! This is thanks to large institutions continuing to accumulate cash in cryptos, the strategy of the United States and El Salvador to hold Bitcoins as reserves, and an upcoming Bitcoin options expiration that is putting pressure for prices to rise. Pure dynamite!
Look at how the heavyweights are doing:
Bitcoin (BTC): $106,035.22 (up 1%!)
Ethereum (ETH): $2,552.86 (up 0.8%!)
Solana (SOL): $148.49 (up 1.7%!)
XRP: $2.17 (up 0.7%!)
Dogecoin (DOGE): $0.1707 (up 0.9%!)
Shiba Inu (SHIB): $0.00001177 (up 1.5%!)
Some data that will blow your mind! 🤯
Although prices rose, large transactions of Bitcoin and Ethereum decreased a bit (27.8% and 17.2% respectively), and daily active addresses also saw a slight decrease. But don't worry, things are still looking good!
In the last 24 hours, 65,828 traders were left out on the street (liquidated)! That's a total of $130.69 million! A crazy figure! 😱
Spot Bitcoin ETFs continue to receive fresh cash inflows, with $389.6 million as of June 18! And Ethereum ETFs are also putting in the effort, with $19.1 million in inflows. People are putting in money!
Experts are keeping a close eye! 👀
Crypto trader Jelle (this guy knows what he's talking about!) believes that Bitcoin's rebound from a strong support is a super positive sign. He says if BTC recovers to $107,000, the short-term charts will turn bullish and we'll head to new all-time highs! 🚀
Jelle also dropped a bombshell: the MVRV Z-Score, an indicator that tells you if the market is close to its peak, is still far from turning red! That means, folks, that BTC has "plenty of room to grow"! Seize the opportunity!
Watch out for Ethereum and Dogecoin! 🐕✨
Ted Pillows (another trading whiz!) is keeping an eye on Ethereum solidifying above its 200-day moving average for more than 45 days. If that holds, he says a bullish explosion is inevitable! Stay alert with ETH!
And speaking of explosions, trader Tardigrade has news that you're going to love if you're a Dogecoin fan: a bullish Golden Cross is approaching! If confirmed, it could unleash a brutal rally of 200% to 300% for DOGE. Imagine that! 🐕🚀
So, my dear ones, the outlook looks more than good for cryptos. Don't lose sight of these movements and keep track of the digital cash! Do you think this is the time to invest your savings?$BTC $ETH