#BTC 24 Hour High $9,283.84 $BTC 24 Hour Low $9,171.66 $BTC 0.23%
Total Crypto Market Cap $272.2 BN (+0.44%)
24 Hour Total Volume $58.6 BN (-13.70%)
Notable Movers Kava (KAVA) (+19.47%)
BTC Dominance 62.4% (-0.16%)
Digital asset markets
$BTC tested $9,100 resistance and slowly found its way back to its week-long range between $9,200 and $9,340, with physical traded volume dropping 10% to $16B. Futures volumes for the past 3 days hovered around $7B across top exchanges with open interest slowly increasing to $3.8B from $3.5B with no recent large liquidations to note.
The strongest performers once again are DeFi related: $LINK, $XTZ, $ADA with $BTC dominance at 62.3%
$LINK bounced back to trade around the low 8’s after bulls protected 7.0 resistance levels, trading on the upper Bollinger bands and above 10D and 50D expectations. Remains at extremely oversold levels on RSI for the past ~10 days.
$XTZ up 2.8% overnight to 2.9 levels after briefly reaching and rejecting 3.0 for the second time this month. Looking to breakthrough 3.0 with additional DeFi momentum that has been driving most of the market for the past two weeks. $XTZ approaching neutral RSI levels on 4H charts after 8 hours of market corrections, bringing it down 5%.
$ADA range bound between 0.124-0.133 for the past two days, at oversold levels on RSI, trading up 6% above 10D and 35% above 50D expectations. Looking to challenge levels set in Aug 2018 when $ADA was released 3 months prior and began to drop after its ICO.
Since Bitcoin peaked at $20,000, investors have been asking when that high will be breached. For over two years, BTC hasn’t been even close to accomplishing that feat.A new poll by a prominent cryptocurrency analyst, however, suggests that many think Bitcoin will soon trade above its $20,000 high.
On July 13 Chainlink (LINK) rallied more than 34% to reach a new all-time high at $8.48. Since then the price corrected back to the $7 range but at the time of writing the altcoin is making a renewed attempt at taking out the recent all-time high. LINK has rallied 167% in 2020 and remains one of the top performers in the crypto market but this isn’t the first time it has earned the description. In 2019, the altcoin rallied 1,481% and according to CoinMarketCap, the return-on-investment for those who purchased at the first listed price is now exceeding 5,000%.
Mitsubishi UFJ Financial Group, or MUFG, the fifth largest bank in the world, is reportedly planning to issue its own digital currency in the second half of 2020. Initiated back in 2015, the digital currency project was originally designed to run on a blockchain network and facilitate instant peer-to-peer transactions. Following multiple delays, the initiative is now scheduled to be rolled out no later than 2020, Cointelegraph Japan reports on July 13.
If you’re planning on retiring with a stash of Bitcoin to fund your eventual elder exploits, Kingdom Trust and Fidelity Digital Assets have partnered to ease that process a bit. With today’s newly-announced alliance, users with tax-advantaged Bitcoin stored in a Choice by Kingdom Trust retirement account can now have their keys held in cold storage by Fidelity.
NASDAQ, S&P, DOW, Russell, Gold, Crude all remain in the green on ZERO FUNDAMENTALS!