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Expert sets Bitcoin’s next levels to watch as BTC gets ‘stuck in a parallel channel’

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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? ...

Trending altcoins to watch this weekend

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The Bitcoin spot ETF approval could have sparked an altcoin rally, with other cryptocurrencies outperforming the leader Bitcoin (BTC). With an institutional focus on BTC, the cryptocurrency market opens the door for what might be an altcoins’ weekend. In particular, traditional institutions only work on weekdays, and ETFs are not exchanged on weekends. Therefore, self-custody cryptocurrency investors could migrate their focus to assets unrelated to Wall Street action — the altcoins. Notably, Bitcoin market cap dominance rose from 51% on December 28 to over 55% on January 9 in the expectation of the spot ETF approval. However, it immediately dropped following the news, currently at 52.20%, signaling an ‘altseason.’ Bitcoin Dominance Index (BTC.D). Source: TradingView Nano (XNO) is the most trending word in the market The first altcoin to watch is Nano (XNO), which has been in the market’s spotlight in the last 24 hours. Surprisingly, the word ‘nano’ outperformed Bitcoin spot ETF...

5 new cryptos investors can watch this week

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Crypto investors are always looking for new and promising projects to add to their portfolios, especially given the recent bullish momentum in the market. With new cryptos launching every week, it can be challenging to determine which ones have real long-term potential. This article will highlight five emerging coins investors can add to their watch lists this week. Bitcoin ETF Token (BTCETF)  Bitcoin ETF Token offers a way for crypto investors to speculate on the potential impacts of a spot Bitcoin ETF being approved. The project has a deflationary tokenomics model, in which 25% of the total supply will be burned as key ETF approval milestones are reached. For example, 5% of the tokens are burned if the Securities and Exchange Commission (SEC) announces an ETF approval date. Bitcoin ETF Token also allocates 25% of its supply to staking rewards, which currently exceed 130% APY. As we approach the first-ever spot Bitcoin ETF in the U.S., the developers behind BTC...