Chain News Daily Official TheBitTimes.com

With Bitcoin (BTC) having established itself above the $60,000 support zone, bulls are now seeking to maintain their dominance even as the asset faces uncertainty amid underlying bearish elements. Amid the recent price movement, crypto analyst Ali Martinez pointed out in a post on X on July 2 that the maiden crypto is seemingly “stuck in a parallel channel,” suggesting key levels to monitor for potential price movements.  Martinez noted that if the lower boundary at $62,500 holds, Bitcoin could rebound to $63,200 or $63,800. Picks for you Bitcoin miners sell 5-day mining revenue in just three days amid sell-off 32 mins ago Is Gold on the verge of a breakthrough amid strengthening dollar and Fed speculations? ...

The cryptocurrency open interest volume has skyrocketed to record highs, bringing huge volatility to derivatives and spot markets. While traders bet on the outcome of cryptocurrencies like Bitcoin (BTC) and XRP, they leave positions behind, threatening liquidations. In particular, the current bullish momentum has fueled traders’ greed and encouraged the opening of long positions. This trend is gaining strength, and multiple indicators suggest a long squeeze could be incoming for top-traded assets. Finbold turned to different sources and found relevant long- squeeze alerts in the market, with special attention to the leading cryptocurrency, Bitcoin. Picks for you Brace for ‘hot April’ and XRP at $0.77; Here’s why 2 hours ago Here's how many millionaires Bitcoin creates daily 2 hours ago Ethereum Dencun upgrade goes live; Can ETH hit $5k? 3 hours ago Major short squeeze incoming for MicroStrategy stock 3 hours ago Bitcoin (BTC) open interest...

 Key takeaways Bitcoin briefly touched the $30k level on Monday before retracing later on. Shiba Memu’s presale is now closing in on the $4 million mark. The cryptocurrency market is having a rollercoaster week so far, with Bitcoin and others experiencing mixed performances. Shiba Memu’s presale is now closing in on the $4 million mark as more investors pledge funds to the project. Bitcoin eyes the $30k mark  Bitcoin, the world’s leading cryptocurrency by market cap,  briefly touched the $30k mark on Monday following a false news report . CoinTelegraph and some crypto media outlets reported that the spot Bitcoin ETF filed by BlackRock was approved by the US SEC. The news sent Bitcoin racing past the $30k mark on Monday. However, BlackRock later came out to debunk the report, revealing that the SEC is still reviewing its Bitcoin ETF proposal.  Bitcoin has now settled around the $28k level . At press time, the ...