NVDA - Bitcoin Ethereum Dogecoin Move Sideways As Traders Remain Risk Averse: King Crypto Could Record More Than 10% Gains In July Says Analyst | Benzinga
Leading cryptocurrencies drifted sideways over the weekend as unanticipated market swings created an atmosphere of uncertainty.
What Happened: Bitcoin spiked above $62,000 Sunday, ending a week that saw the King Crypto wobbling between $60,000 and $62,600. Concerns over the sale of Bitcoin by the governments of the U.S. and Germany eroded investors' confidence.
Ethereum climbed past $3,400, with speculation rife about the possible date for final approvals for spot exchange-traded funds.
On a positive note, Bitcoin's Open Interest rose 4% in the last 24 hours, marking an influx of fresh money in the market. This could trigger significant volatility in the days ahead.
The majority of the new bets targeted Bitcoin’s price increase, as the number of traders opening bullish long bets increased significantly in the recent 24 hours.
The Cryptocurrency Fear & Greed Index flashed "Neutral" as of this writing, indicating a balance between ...