Small investment!
Big returns!
Did you pick the right one?
SOL will lead the altcoin recovery; surging almost 5% in a day!
BTC is struggling to reclaim the important $63,000 level.
The new week starts with the entire crypto market attempting a recovery, with its market cap moving towards the important $2.5 trillion market, up 2.6% on the day.
The price of Bitcoin is currently around $63,000, and most altcoins are also rising. There are some important events to watch this week, so let's take a closer look.
Bitcoin Price Rises to $63,000
The current price of Bitcoin is around $62,800, with the highest intraday price reaching around $63,700. This means that the major cryptocurrency is up 2.6% in the past 24 hours.
It will be interesting to see if BTC can retain these gains and rise further from here, or if the bears can push the price back to $60,000.
Regardless, July is going to be a good month for Bitcoin. Historically, this has been a bullish month, especially after the decline in June.
However, there are some important economic events taking place in the US this week that could have an impact on price action. These are:
1. June ISM Manufacturing PMI data – Monday.
2. Fed Chairman Powell will speak on Tuesday.
3. JOLTs employment data – Tuesday.
4. Fed minutes – Wednesday. The stock market will be closed on Thursday.
5. June employment report data – Friday.
Many large-cap altcoins are also performing well, with SOL being a notable example. The cryptocurrency is up 4.6% and is now approaching $150.
LINK has increased by 5.31%, AVAX by nearly 6%, NEAR by 5%, and so on.
The cryptocurrency market is changing rapidly, and every trend could become the next flashpoint. Just take a look at Diantouxiang and you will join the ranks of great people; I will do my best to lead you through the ups and downs of the market and find your own investment path.
