Crypto Market Update: Bitcoin and Ethereum Analysis

The king of cryptocurrencies, Bitcoin, continues to hold above $30,000 today. Ethereum (ETH) is also maintaining its position above $1,900. However, doubts have arisen among investors due to the short-lived excitement following XRP’s victory and the lack of upward movement in prices despite ETF applications. So, what are the current critical levels? Why is investor risk appetite weak? Bitcoin (BTC) Technical Analysis At the time of writing, the king of cryptocurrencies finds buyers at the $30,300 level. Although the $30,000 level was tested in the early hours of the morning, the bulls successfully defended this area. However, the critical level of $30,400 has not been regained. The cumulative market cap of cryptocurrencies continues to stay below $25 billion. Bitcoin’s market dominance stands at 48.5%. The rally that started with the BlackRock ETF application on June 15 led to a price increase up to $31,800. However, for almost a month now, […] The post Crypto Market Update: Bitcoin and Ethereum Analysis appeared first on COINTURK NEWS.