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ETH Price Bounces Back After Weekend Sell-Off, Bulls Eyeing $1,700 Resistance

The price of ETH has seen gains at the start of the week, bouncing back from selling pressure over the weekend and trading at $1,630. Despite negative market pressure since June, ETH has sustained support above $1,530. If the support area from $1,600 to $1,630 holds, Ethereum may consolidate with an upper limit of $1,700 before the next breakout targeting highs above $2,000.

PEPE Whales Buy 1.56 Trillion Tokens, Sparking 13% Rally in Meme Coin

PEPE whales have been buying the meme coin, leading to a 13% rally in the past 24 hours. After a month of consolidation, the meme coin experienced a sharp decline, along with Bitcoin and Ethereum. However, the asset has since observed a sharp surge, potentially finding its bottom. Two whales have made sizeable purchases of PEPE using Ethereum, with one investor making a profit of over 9%.

MakerDAO's MKR Token Spikes 38% in 10 Days

MakerDAO's native token MKR has experienced significant gains in July, with a rally extending its gains in 2021 to 122% from its low of $506.8 on January 1. On July 25, MKR spiked by over 12.5% to reach a daily high near $1,195 before correcting. The platform's recent announcement of a token buyback program and roadmap for updates, including plans to enter the AI sector and launch several internal AI tools, may have contributed to the token's rally. However, the bears are defending the $1,200 price level aggressively, while bulls are trying to ensure that MKR price consolidates above the $1,050 support level.

Shiba Inu Developers Tease Positive Developments for Ecosystem Post-Mainnet Launch of Shibarium

Developers of the Shiba Inu (SHIB) cryptocurrency are planning to introduce significant developments to the ecosystem after the launch of Shibarium's mainnet. Lucie, a marketing specialist for Shiba Inu, has hinted at positive developments coming in the near future, although no details have been provided.
NFT

Bitcoin Cash Struggles to Reclaim $300 Psychological Level as Open Interest Rates Ease Below $500 Million

The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Bitcoin Cash (BCH) has been struggling to close above $300 since July 2nd, and has failed to reclaim the $300 psychological level.

Bitcoin Halving Expected to Boost MicroStrategy's Stock Value, Says Berenberg Capital Markets

Investment firm Berenberg Capital Markets has given a bullish outlook on MicroStrategy (MSTR), founded by Michael Saylor, ahead of the upcoming Bitcoin halving. Berenberg has set a $430 price target for the tech firm, which holds 152,333 Bitcoin.

Analytics Firm Issues Warning, Says Ethereum Rival That's Up Over 150% Year-to-Date Losing Steam

Crypto analytics firm Santiment has warned that Solana's recent rally may be losing momentum after being propelled by the liquidation of shorts. The firm suggests that the best time to have bought into Solana was during the second week of June when funding rates had bearish spikes.

Bitcoin Cash (BCH) Retracement: A Risky Move for Buyers?

July 5 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Bitcoin Cash (BCH) experienced a rally of 214% in under two weeks, but a retracement could be risky for buyers. Traders can look to capitalize on a retracement if the market gives one, but they must beware of becoming liquidity before a deeper retracement. The mean coin age declined as BCH rocketed higher on the chart, suggesting that sellers could force Bitcoin Cash lower once more.

Crypto Analysts Predict Litecoin Price to Double Ahead of Halving Event

July 4 (Cointime) - Crypto analysts are predicting that Litecoin (LTC) will experience a significant rally ahead of its halving event next month, with some projecting that its price will more than double to reach $200.

Bitcoin Transfer Volume Remains Significantly Lower Than 2021 Bull Run Levels

July 4 (Cointime) - According to Glassnode, Bitcoin transfer volume has increased to $4.56 billion recently, but is still significantly lower than the 2021 all-time high. The entity-adjusted transfer volume has been going up recently, which is a positive sign for the sustainability of the current rally. However, the current transfer volume is still 65% lower than the norm during the 2021 bull market. Bitcoin is currently trading around $30,600, up 1% in the last week.