Cryptocurrency markets are buying and selling flat as retail merchants improve quick positions forward of FOMC assembly and closing tariff deadline of Aug. 1.
Cryptocurrency | Ticker | Value |
Bitcoin | BTC/USD | $118,141.45 |
Ethereum | ETH/USD | $3,781.15 |
Solana | SOL/USD | $178.44 |
XRP | XRP/USD | $3.09 |
Dogecoin | DOGE/USD | $0.2198 |
Shiba Inu | SHIB/USD | $0.00001288 |
Notable Statistics:
- IntoTheBlock knowledge exhibits Bitcoin and Ethereum massive transaction decreased by 9.6% and 20.8%, respectively. Every day lively addresses moved larger by 2.5% and 12.7%, respectively.
- Coinglass knowledge exhibits 121,880 merchants have been liquidated prior to now 24 hours for $272.38 million.
- SoSoValue knowledge exhibits web intflows of $79.9 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs noticed web inflows of $218.6 million.
Dealer Notes: Bitcoin is forming a bullish rectangle sample, in line with dealer Mags, signaling a powerful continuation setup.
A breakout and new all-time excessive could also be imminent.
Crypto Seth cautioned that many retail merchants are shorting Bitcoin with 100x leverage forward of FOMC, a dangerous technique weak to even minor worth strikes that would set off large liquidations.
Disclosure: 82% of retail CFD accounts lose cash
On the Ethereum entrance, merchants proceed to eye $4,000 as the foremost resistance degree.
Michael van de Poppe sees no vital shift in ETH’s trajectory, anticipating additional upside momentum however warning of a possible sharp correction after hitting $4,000.
Ted Pillows echoed this, noting Ethereum has reclaimed liquidity and stays bullish above $3,632 assist.
Solana is at a vital juncture. Crypto Bullet urged bulls to defend the present assist zone or danger a drop to $160.
Dogecoin exhibits indicators of resilience amid broader consolidation. Dealer Tardigrade noticed a hidden bullish divergence on the 4-hour chart, with worth forming larger lows whereas RSI prints decrease lows—usually an early signal of rebounding power in a fading downtrend.
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