Bitcoin, Crypto Prices Rising Though Liquidity Is Low
- 王林Original
- 2024-07-17 22:35:21531browse
One analyst has picked out an anomaly as crypto and altcoin prices push higher, recovering after the June and early July drawdown.
Bitcoin and top crypto prices continue to rise despite low liquidity
Bitcoin and altcoin prices continue to edge higher from their June and early July lows, recovering in a surprising rally. One analyst has picked out an anomaly in the recent crypto price rises.
As observed by an X commentator, the recent crypto rally appears to be organic, lacking the usual catalysts such as an uptick in liquidity marked by steep inflows, as is typically seen when the market spikes sharply.
Bitcoin’s recent surprising rally lacks the usual major price drivers, an observer has noted. This observation comes as BTC and altcoin prices continue to rise.
According to the analyst, this bodes well for the upcoming bull run, which could be "crazier" and "longer." At press time, Bitcoin is trading above $60,000, with traders expecting further gains.
Bitcoin edges higher, traders anticipate further gains
Bitcoin and top altcoins, such as Ethereum and Solana, continue to edge higher at spot rates. BTC is firm and trending above the psychological round number of $60,000 despite the retracement earlier today. At the same time, ETH and SOL prices remain firm above $3,300 and $155, respectively.
According to recent analysis, Bitcoin’s recent surprising rally lacks the usual major price drivers. This observation comes as BTC and altcoin prices continue to edge higher at spot rates.
However, the recent rally bodes well for the upcoming bull run, which could be "crazier" and "longer." At press time, Bitcoin is trading above $60,000, with traders expecting further gains.
Bitcoin edges higher, traders anticipate further gains
Bitcoin and top altcoins, such as Ethereum and Solana, continue to edge higher at spot rates. BTC is firm and trending above the psychological round number of $60,000 despite the retracement earlier today. At the same time, ETH and SOL prices remain firm above $3,300 and $155, respectively.
As observed by an X commentator, the recent crypto rally appears to be organic, lacking the usual catalysts such as an uptick in liquidity marked by steep inflows, as is typically seen when the market spikes sharply.
This observation bodes well for the upcoming bull run, which could be "crazier" and "longer." At press time, Bitcoin is trading above $60,000, with traders expecting further gains.
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