Bitcoin, Ethereum, Dogecoin In The Red Again, Analyst Reveals Downside Target

Cryptocurrency markets are trading lower, as Bitcoin is clinging on to its $60,000 support.

Notable Statistics:

• IntoTheBlock data notes a drop in Bitcoin’s metrics; large transactions volume is down by 6%, and daily active addresses declined by 14%. Transactions greater than $100,000 also narrowed significantly.
• Coinglass notes Bitcoin liquidations ($39.1 million) and open interest ($33.4 billion) at the highest level since June 25. In the past 24 hours, 61,742 traders were liquidated for $171.26 million.
• Crypto trader Michaёl van de Poppe noted that the Bitcoin CME gap closed.
• Daan Crypto Trades highlighted a large short of $45 million entering at $60,000.

Notable Developments:

• CoinDCX Acquires BitOasis, Marking Its First Move Into The MENA Crypto Market
• Bitcoin Will Plummet To $50K If This Key Support Breaks: 10x Research
• Mike Novogratz: ‘We’re Going To Get Positive Crypto Legislation No Matter Who Wins’
• Odds Of Kamala Harris Replacing Joe Biden As Democratic Presidential Candidate Raised By Crypto Bettors, Memecoin Themed On Her Surges 126%
• Spot Ethereum ETFs Could Arrive By Mid-July, Suggests Analyst Nate Geraci: ‘Theoretically Means A Launch In The Week Of July 15’

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