In July 2024, the crypto market exhibited a mix of bullish and bearish movements. Here are some key points:
Bitcoin (BTC):
After five consecutive green days, BTC encountered a red day.
Support was found around the $64,000 USD mark.
Breaking the $65,000 USD level with volumes could lead to another leg up for BTC.
Altcoins:
Telegram-backed The Open Network (TON) announced a trustless DeFi bridge for Bitcoin.
This development could be a bullish catalyst for TON, an already popular chain.
Ethereum co-founder Vitalik Buterin expressed concerns about supporting US presidential candidate Donald Trump, emphasizing that mere crypto support isnât sufficient reason to back a political figure.
Upcoming Spot Ethereum ETFs:
July 2024 is primarily focused on the potential launch of spot Ethereum ETFs.
Keep an eye on developments in this area, as they could impact the overall crypto market.
