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Bitcoin’s Setback & $70K Barrier; SHIB Resilient and DOGE’s Next Move $70,000 Breakthrough Eludes Bitcoin, What's Next? Shiba Inu (SHIB) Escapes Downtrend, But Will Dogecoin (DOGE) Breakthrough? Bitcoin’s Fall Hits Meme Coins Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data Bitcoin Drops Rapidly After Reaching $70,000 Bitcoin Surges, Then Drops Sharply

Jul / 31
- Bitcoin’s Setback & $70K Barrier; SHIB Resilient and DOGE’s Next Move
  
  Jul 31, 2024 at 02:03 pm CryptosHeadlines.com
  
  Bitcoin's recent price dive below $70,000 has sparked market turbulence. The transfer of funds from Silk Road has raised concerns as a potential trigger, highlighting the market's sensitivity to significant changes. Despite positive market conditions prior to the transfer, Bitcoin's failure to break through $70,000 has led to bearish sentiment. The situation underscores the importance of monitoring support levels, trading volumes, and broader market trends for potential market recovery.
- $70,000 Breakthrough Eludes Bitcoin, What's Next? Shiba Inu (SHIB) Escapes Downtrend, But Will Dogecoin (DOGE) Breakthrough?
  
  Jul 31, 2024 at 08:44 am U_Today
  
  Bitcoin (BTC) has reversed its uptrend after rumors of a significant fund transfer from Silk Road. The market is speculating that the $2 billion transfer may be sold off, leading to fear and uncertainty among investors. Despite prior optimism and positive market recovery signs, Bitcoin's inability to break the $70,000 barrier has dampened sentiment. Key support levels at the 50 EMA ($64,000) and 100 EMA ($63,000) will be crucial to monitor for potential market direction.
- Bitcoin’s Fall Hits Meme Coins
  
  Jul 31, 2024 at 05:54 am BH NEWS
  
  Bitcoin's recent drop below $66,000 has caused a broader market correction, leading to sharp declines in meme coins. Dogecoin (DOGE) experienced a moderate 3% dip, while Shiba Inu Coin (SHIB) remained relatively steady with a 2.73% decrease. However, other meme coins like PEPE, BONK, and WIF faced steep declines, highlighting the volatility and inherent risks associated with these assets.
- Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data
  
  Jul 31, 2024 at 02:04 am NewsBTC
  
  Social media discourse is currently dominated by top cryptocurrencies such as Bitcoin and prominent Layer 1 assets, as per analytics by Santiment. Layer 1 tokens, including Bitcoin, Ethereum, and Solana, have witnessed a surge in social media attention, while memecoins like Dogecoin have faced a decline, highlighting a shift towards more established cryptocurrencies. This trend suggests a potential bullish sentiment for the overall crypto market, as it implies a preference for cautious investments over speculative assets.
- Bitcoin Drops Rapidly After Reaching $70,000
  
  Jul 31, 2024 at 12:19 am COINTURK NEWS
  
  Market volatility has impacted both Bitcoin and PEPE Coin. Bitcoin's initial surge followed by a rapid decline hindered the recovery of altcoins like PEPE. Despite the volatility, PEPE Coin has maintained relative stability, and charts suggest a potential breakout pattern. Technical analysis indicates a possible rise to $0.000018, a 40% increase. Investor sentiment is positive, with 77% of addresses in profit. A breakout could turn additional addresses profitable, but resistance levels remain between PEPE and its ATH.
- Bitcoin Surges, Then Drops Sharply
  
  Jul 31, 2024 at 12:30 am BH NEWS
  
  Bitcoin's recent surge to $70,000 was followed by a drop, correcting the market and impacting altcoins. Amidst this volatility, PEPE coin has displayed stability, indicating a potential accumulation phase. With 77% of PEPE coin addresses profitable, a breakout could trigger buying pressure and propel it upward. Resistance levels remain, but a breakout could drive a 40% gain to a new high of $0.000018.
- Goldman Sachs CEO Foresees Bitcoin Use Case As Store Of Value
  
  Jul 30, 2024 at 11:39 pm Coingape News Media
  
  Goldman Sachs CEO David Solomon has forecast that Bitcoin (BTC) may emerge as a valuable store of value. This prediction was made during a recent conversation at the Olympics and has been corroborated by Matt Hougan, CIO of Bitwise Invest, who describes Solomon as a "major believer" in Bitcoin. The growing support for Bitcoin on Wall Street aligns with MicroStrategy's successful accumulation strategy, which reflects the market's perception of cash as a depreciating asset and BTC as an appreciating one.

Jul / 30
- Trump’s Victory Could Spur Bitcoin to $190K, suggests AMBCrypto July 2024 Forecast
  
  Jul 30, 2024 at 10:14 pm CoinEagle.com
  
  Amidst the volatility surrounding the upcoming U.S. elections, analysts anticipate a surge in the crypto market, particularly in politifi tokens like HARRIS. A survey indicates that 80% of investors predict Bitcoin reaching $80,000 support if Trump is re-elected. Bitcoin's response to Trump's speech and political sentiments towards the crypto sector have contributed to this optimism, with experts like Julien Bittel predicting a potential rally to $190,000. However, skepticism remains, as evidenced by the decline in addresses holding over 1k BTC. Long-term prospects for Bitcoin appear promising, with the Federal Reserve expected to reduce rates in September.
- Altcoin season hopes rise as Bitcoin price forms a bullish pattern
  
  Jul 30, 2024 at 09:34 pm crypto.news
  
  Bitcoin's bullish "cup and handle" chart pattern, supported by the falling broadening wedge and strong fundamentals (institutional demand, potential interest rate cuts, and halving event), suggests an impending altcoin season.
- Elon Musk says he doesn’t like crypto all that much – not even Bitcoin
  
  Jul 30, 2024 at 03:44 am Cryptopolitan_News
  
  Elon Musk, CEO of Tesla and SpaceX, expressed a nuanced stance on cryptocurrencies in a recent interview. While acknowledging their potential, Musk hesitated to actively promote them, particularly Bitcoin. His fondness for Dogecoin, a meme-based cryptocurrency, was evident, but his relationship with Bitcoin has been fluctuating. Tesla's initial investment and subsequent discontinuation of Bitcoin payments highlight his evolving views on the asset. Despite his influence on the cryptocurrency market, Musk downplays his role in actively promoting them and cautions against excessive investment.

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