BlackRock sees Bitcoin as integral part of financial system – little interest in other crypto

BlackRock believes that Bitcoin (BTC) will become an integral part of the financial system over the coming decade as it increasingly melds with the best parts of the traditional financial system.

#QTUM/USDT Long Setup

Entry : 4.2 to 4.635
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 4.7, 4.75, 4.85, 5, 5.2, 5.5, 6, 6.5

Stoploss : 3.98

Uniswap hits a historic $2 trillion in trading volume

The world's most popular decentralized exchange by trading volume announced it has passed a whopping $2 trillion in total trading volume. Uniswap Labs announced that the cumulative trading volume transacted using its protocol had hit the historic mark.

#DOT/USDT Short Setup

Entry : 7.1 to 6.6
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 6.48, 6.4, 6.3, 6.2, 6, 5.5, 5, 4.3

Stoploss : 7.45

Bitcoin will ‘propel the next leg up’ if key trading pattern confirms — Traders

Bitcoin’s price could see a bullish trend reversal and “propel the next leg up” if the popular trading indicator known as the inverse head-and-shoulders pattern is confirmed, according to a crypto trader.

#NMR//USDT Long Setup

Entry : 25 to 28.15
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 28.4, 29, 30, 33, 36, 40

Stoploss : 24

Biden vetoes bill overturning SAB 121, says standard 'necessary' for crypto innovation

U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin establishing accounting standards for firms that custody crypto.

Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout

Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders.

Bloomberg Analyst Now Expects Spot Ethereum ETFs to Launch on July 2

Bloomberg’s senior ETF analyst has updated his spot ethereum exchange-traded fund (ETF) prediction. “We are moving up our over/under date for the launch of spot ether ETF to July 2nd,” he said.

$WAXP/USDT Long Setup

Entry : 0.030 to 0.03475
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 0.0353, 0.036, 0.038, 0.040, 0.045, 0.050

Stoploss : 0.028

$TRU/USDT Long Setup
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Entry : 0.115 to 0.132
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 0.134, 0.137, 0.141, 0.155, 0.16, 0.18, 0.23

Stoploss : 0.11
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"Trade at your own risk. Prioritize money management: assess risk, set limits, and never invest more than you can afford to lose."

DOGE open interest up 19% amid price 'breaking out' to monthly high

Traders are ramping up their positions on Dogecoin as its price "breaks out," reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet.

$ONE/USDT Long Setup
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Entry : 0.0135 to 0.0148
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 0.01495, 0.0151, 0.0156, 0.0167, 0.021, 0.028, 0.037

Stoploss : 0.012
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"Trade at your own risk. Prioritize money management: assess risk, set limits, and never invest more than you can afford to lose."

Bitwise CIO says market is ‘not bullish enough’ amid rising political endorsements

Bitwise CIO Matt Hougan believes the market is “not bullish enough” about Bitcoin, and investors need to rethink the flagship crypto’s potential upside after what happened at the Bitcoin2024 conference.

$CHR/USDT Long Setup
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Entry : 0.16 to 0.1735
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 0.177, 0.18, 0.19, 0.20, 0.23, 0.27

Stoploss : 0.15
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"Trade at your own risk. Prioritize money management: assess risk, set limits, and never invest more than you can afford to lose."

#BTC/USDT Market Analysis
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Bitcoin is currently consolidating within a descending broadening wedge pattern, trading below the Ichimoku cloud, which is acting as resistance. A breakout above the Ichimoku cloud would provide short-term bullish confirmation.

$ETH/USDT Long Setup
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Entry : 2532 - 2759
Leverage : 3 - 5X
Position Size : 2 - 4%

Targets : 2789, 2800, 2820, 2860, 2900, 2950, 3000, 3100

Stoploss : 2400
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"Trade at your own risk. Prioritize money management: assess risk, set limits, and never invest more than you can afford to lose."