📌 Daily Summary
● LIVE TRACKINGBitcoin has experienced a significant decline, marking its worst month in four years, while a popular altcoin has reached a record high, buoyed by bullish predictions from Standard Chartered and Grayscale, which anticipate further price increases. Despite the optimism surrounding altcoins, a prominent industry figure cautions that many investors may be making critical errors in their decisions, specifically highlighting two altcoins as potential pitfalls. Historical data suggests that Bitcoin typically performs well in July; however, analysts remain skeptical, warning that the current market conditions appear dire. In a further expression of cautious sentiment, Citigroup has downgraded its 12-month price forecasts for both Bitcoin and Ethereum, reflecting broader concerns about the continuing bearish trend in the cryptocurrency market.
15:09
Santiment reported that the DeFi lending protocol Aave (AAVE) reached its highest daily number of new wallets since 2021.
14:05
A well-known figure argued that Bitcoin is not technology but a better currency, and described all altcoins as scams.
13:02
Standard Chartered predicts that the price of MORPHO, the token of its DeFi lending protocol Morpho, could reach $60 by the end of 2030.
12:08
Does Bitcoin (BTC) like July? How has it performed in previous Julys? Here's the historical data...
11:05
According to the analyst, the Marubozu pattern in Bitcoin is generally seen as a signal that a strong downtrend will continue.
