The overall cryptocurrency market is extremely bullish at the moment, with bullish price actions showing since yesterday, July 10. It all started as Bitcoin recovered to its all-time high of $111.000 and rallied past it. Currently, Bitcoin (BTC) is trading for $117,952 after hitting a new all-time high of $118,000, and it’s no news that once Bitcoin is bullish, the rest of the market follows..
ETH Reclaims $3000
Ethereum (ETH) retested $3000 this morning after months of consolidating sideways between $2,349 and $2,869, with a bearish flag pattern forming in its path. It broke out on June 20, tapped on a break block at $2,120, and rallied up from there.
Ethereum ETH Daily Chart | Source: TradingView
At the time of writing this report, the token is trading for $2,999. This is up 8.51% in 24 hours from an intraday low of $2,784, thanks to a massive load of activity, which has recorded 50.26% over the same period to $42.67 billion in volume with an 8.39% increase in its market cap to $361 billion, according to CoinMarketCap.
XRP Breaks out of 7-month Range
XRP saw the most breakthrough with this rally as it breaks out of a pennant flag pattern that it has been ranging since over 7 months now. During this time, the cryptocurrency kept ranging sideways, testing and rejecting the resistance level at $2.6 and the support zone of $1.9. Now, XRP is up 19% from its breakout after finding enough liquidity.
XRPUSD Daily Chart | Source: TradingView
On the chart via TradingView, the price has printed 3 daily bullish candles and currently trades for $2.8. According to CoinMarketCap , trading volume is up a massive 117% today alone. This is an impressive number, with $10.5 billion in volume, leading to a 15% increase in its market cap of $166 billion.
SOL Surge Past $160 Amid 72% Trading Volume
Solana (SOL) is not left out in this rally. In fact, SOL has done a 5% surge in 24 hours after breaking out of a bullish flag that has been forming through its downside trade since May 6. Currently, it’s trading for $166.94, up from a daily low of $156.
All this is thanks to its massive 72% surge in trading activity, which it saw over the last 24 hours, with over $7.7 billion recorded and a market cap of $89 billion
Solana SOL Price Chart | Source: CoinMarketCap
Trending Cryptos Today
- Ethereum (ETH)
- XRP (XRP)
- Cardano (ADA)
- Omni Network (OMNI)
- Bitcoin (BTC)
- Pi (PI)
Top Gainers & Losers Today
| Gainers | Losers |
| MemeCore (M): +81.50% | UNUS SED LEO (LEO): -0.05% |
| Mog Coin (MOG): +40.05% | |
| Story (IP): +33.10% | |
| Stellar (XLM): +20.91% | |
| Ethena (ENA): 20:31% |
Crypto Market Cap Overview
Due to the bullish overall sentiment over the past 24 hours, market valuation is now at $3.69 trillion. This is up 6% in 24 hours, with an 80% surge in overall training activity to $260 billion in trading volume, based on the latest data from CoinMarketCap.
Meanwhile, Coinglass data showed that a total of 276,456 traders have been liquidated from their positions in the past 24 hours. This led to a total loss of about $1.31 billion in funds. Out of that number, $1.1 billion came from traders who had bet on short positions, while $163 million came from long positions. The majority of bets were on Bitcoin.
