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Bitcoin, Ethereum Remain Fragile at Key Levels as US Strikes Iran Again: Weekend Watch

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Bitcoin’s price experienced minor volatility over the past 24 hours as the US and Iran exchanged a new wave of attacks, and the asset now struggles to remain above $64,000.

Most larger-cap alts have remained sideways over the past day, aside from ZEC and DEXE. The latter has posted a massive double-digit surge to well over $40.

More Volatility to Come Soon?

The previous weekend was quite similar in terms of price action, as BTC remained sideways between $62,400 and $63,400. Its more impressive leg up followed on Monday when it jumped to $64,000 before it was violently rejected and driven south to $61,200 after Michael Saylor’s Strategy announced its biggest BTC sale to date.

Unlike the developments that took place after the previous Strategy sale, bitcoin actually rebounded almost immediately this time and rocketed to $64,600. However, it was rejected there again and dipped to $61,600 as the US and Iran broke the ceasefire with new attacks against each other in the middle of the week.

The bulls intervened once again and helped the cryptocurrency recover a lot of ground. The culmination came yesterday, when it pumped to $64,700. However, it couldn’t keep climbing and dipped to $63,600 after the latest attacks in the Middle East. It now trades close to $64,000 again, but more volatility is likely to take place later tonight or tomorrow when the legacy financial markets open for trading.

For now, bitcoin’s market cap remains at $1.280 trillion, while its dominance over the alts on CG is up to 56.8%.

BTCUSD July 12. Source: TradingView
BTCUSD July 12. Source: TradingView

ZEC, RAIN, UNI, DEXE Up

Ethereum continues its fight with the $1,800 resistance, which has been described as critical by many analysts. XRP, SOL, DOGE, XLM, ADA, and BNB are slightly in the red daily, while TRX, HYPE, and XMR have posted insignificant increases.

ZEC has added 5% of value to trade at $525, RAIN is up by 3% and sits close to $0.015, UNI has tapped $3.65 after a similar increase, while DEXE has stolen the show from the larger cap alts. It has risen by over 17% to $43. APX and HASH are the other double-digit gainers, while BEAT has plummeted by 20% after yesterday’s rise.

The total crypto market cap remains close to $2.260 trillion on CG after a minor daily retreat.

Cryptocurrency Market Overview July 12. Source: QuantifyCrypto
Cryptocurrency Market Overview July 12. Source: QuantifyCrypto

 

ポスト Bitcoin, Ethereum Remain Fragile at Key Levels as US Strikes Iran Again: Weekend Watch に初登場した。 クリプトポテト.

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