Top Gainers Today to Invest and the Losers: Answering Why BTC is Down TodayTop Gainers
1. Fantom (FTM)
Price: $0.597524h
Gain: 3.47%
Reasons for the Rise: I predicted this growth. Significant protocol improvements and continuous token burns.
Short-Term: The upward trend may continue, and indicates that investing in Fantom today could still yield profit (CryptoSwap) (MarketBeat).
2. Injective (INJ)
Price: $21.3824h
Gain: 2.52%
Reasons for the Rise: Token burns are boosting its value. It was also between my previous prediction, Injective remains a good investment with potential for short-term profit (Benzinga) (CoinMarketCap).
Short-Term Outlook: Positive indicators suggest continued growth today(Coin Edition) (BeInCrypto).
3. Avalanche (AVAX)
Price: $24.9024h
Gain: 1.12%
Reasons for the Rise: Robust platform and increasing adoption (MarketBeat).
Short-Term: Expected to continue its upward trajectory (MarketBeat).
4. Chainlink (LINK)
Price: $13.5924h
Gain: 0.63%
Reasons for the Rise: Expansion of oracle functionalities and new integrations increasing its utility within the DeFi ecosystem (MarketBeat).
Short-Term: Favorable with ongoing network expansion and partnerships (MarketBeat).
5. UNUS SED LEO (LEO)
Price: $5.7724h
Gain: 0.28%
Short-Term: Expected to remain stable with gradual growth
Top Losers
1. ORDI (ORDI)
Price: $35.6424h
Loss: 12.20%
Reasons for the Fall: Likely due to technical or regulatory issues affecting investor confidence (MarketBeat).
2. Notcoin (NOT)
Price: $0.013624h
Loss: 10.89%
Reasons for the Fall: Lack of significant updates or developments (MarketBeat).
Reasons for Bitcoin's Decline Today
Bitcoin's price dropped by 5.3% in 24 hours due to uncertainty over US inflation data and interest rates. Continuous outflows from Bitcoin ETFs since June 13 and a drop in On Balance Volume (OBV) further indicate a bearish trend. The MACD and moving averages are in the sell zone, favoring sellers.
