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Are Analysts Going Bullish or Bearish on Crypto? 🤔

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Thu, Jul 11, 2024 11:14 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRockONP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTk2OXN4aGtsd2w3b1cDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   The market is confused, and so are the analysts. Crypto's giving us mixed signals lately. One minute we're up, the next we're down. For the past week, we've been swimming in a sea of ranges. Prices are playing ping-pong within a tight range, and the analysts are confused. They're muttering about another big dip, but the whales are quietly gobbling up coins. Let’s discuss this event in detail and all the other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: TLDR: - Bitcoin's giving us mixed signals. Is another big correction coming? 🥲 - Trump's headlining Bitcoin 2024. Is crypto going red, white, and blue? 🇺🇸 - Solana's new Firedancer client promises 1 million TPS. Has it already been tested? ⚡ - CFTC chair says Bitcoin and Ethereum are commodities. Are we finally [going to have](~/AAQRxQA~/RgRockONP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2Z0Yy1jaGFpci1yZWl0ZXJhdGVkLXRvLXVzLXNlbmF0ZS10aGF0LWJpdGNvaW4tYW5kLWV0aGVyZXVtLWFyZS1jb21tb2RpdGllcz9saWQ9MjJjdHp0eDhrZndrVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) clear policies for exchanges? ⚖️ - Goldman Sachs is dipping its toes into tokenization, but they are sticking to permissioned blockchains. But what [does it](~/AAQRxQA~/RgRockONP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZ29sZG1hbi1zYWNocy1wbGFucy10by1sYXVuY2gtdG9rZW5pemF0aW9uLWZ1bmRzLXJ3YS1tYXJrZXRwbGFjZT9saWQ9eG5oOHdxMHV0aGZ6VwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) mean? 😕 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.15T ▲0.11% (24h) 24H MARKET VOLUME $58.93B ▼7.12% (24h) BITCOIN’S DOMINANCE 53.5% ▼0.26% (24h) FEAR & GREED INDEX 40 Fear [Bitcoin] Bitcoin $58,461.44 ▼0.33% (24h) [Ethereum] Ethereum $3,143.41 ▲1.32% (24h) [BNB] BNB $533.12 ▲1.0% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRockONP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWhjODV5aGFnazZmclcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRockONP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9ZHY1b2tmZ2hjZWduVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRockONP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD14ZDd4enBtczU4bnhXA3NwY0IKZo6Ovo9mTB0f0FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRockONP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWF4dnIyem9vMDZmbVcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 11 Jul 2024 11:10 UTC TOP GAINERS 24H% [Wegie] [Wegie](~/AAQRxQA~/RgRockONP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲1135.83% [Euro Shiba Inu] [Euro Shiba Inu](~/AAQRxQA~/RgRockONP0Q0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2V1cm8tc2hpYmEtaW51L1cDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲436.17% [Wynn] [Wynn](~/AAQRxQA~/RgRockONP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3d5bm4vVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲155.17% TOP LOSERS 24H% [DOGO] [DOGO](~/AAQRxQA~/RgRockONP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼97.06% [TOAD] [TOAD](~/AAQRxQA~/RgRockONP0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RvYWQtdG9rZW4vVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.75% [Marvin on Base] [Marvin on Base](~/AAQRxQA~/RgRockONP0Q0aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hcnZpbi1vbi1iYXNlL1cDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼89.22%   Bitcoin's Giving Mixed Signals 🥲 Bitcoin's on-chain metrics are painting a picture that's about as clear as mud. CryptoQuant's latest report suggests we might be in for a bumpy ride, but the Bitcoin whales seem to have missed the memo. The profit and loss index is flirting dangerously with its 365-day moving average. If it decides to take the plunge, we could be looking at a big correction. We've seen this movie before, and spoiler alert: it doesn't end well for the bulls. So what’s the takeaway? Do we have any bullish indicators? [Read the full story](~/AAQRxQA~/RgRockONP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbnMtb24tY2hhaW4tbWV0cmljcy1zaWduYWwtcG90ZW50aWFsLWRvd25zaWRlLWRlc3BpdGUtYnRjLXdoYWxlcy1hY2N1bXVsYXRpb24_bGlkPXhmdWpzNG5obDB2MVcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Trump Takes Center Stage at Bitcoin 2024 The former president is set to headline the conference in Nashville this July, turning what's usually a tech-centric event into a political spectacle. Trump won't be the only politician in attendance. Robert F. Kennedy Jr., Vivek Ramaswamy, and Senators Bill Hagerty and Marsha Blackburn are also on the roster. It's shaping up to be part Bitcoin conference, part political rally. But why only Trump? And what about Biden? Isn’t he also focused on making crypto-friendly policies now? [Read the full story](~/AAQRxQA~/RgRockONP0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZG9uYWxkLXRydW1wLWFubm91bmNlZC1hcy1rZXlub3RlLXNwZWFrZXItYXQtYml0Y29pbi0yMDI0LWNvbmZlcmVuY2U_bGlkPW11MjZ2dDN3Yjc4YVcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Firedancer May Push Solana to New Heights Solana just announced Firedancer, a new validator client that has just built its first block on the testnet, and it's got the crypto world buzzing. Developed by Jump Crypto, Firedancer promises to pump up those transaction numbers to 1 million per second. That's far from its current 3,000 TPS, and it makes Ethereum's 22 TPS look too small. Helius Labs CEO Mert is calling Firedancer "one of the most performant pieces of open source software ever created." High praise indeed! Is it all ready to go? Has it been tested yet? [Read the full story](~/AAQRxQA~/RgRockONP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hcy1maXJlZGFuY2VyLXZhbGlkYXRvci1jbGllbnQtYWNoaWV2ZXMtbWlsZXN0b25lLW9uLXRlc3RuZXQ_bGlkPWZ4cmpmcThhamZhdlcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Maximizing Passive Income in Crypto: A Guide to CoinMarketCap's Yield Aggregator [Maximizing Passive Income in Crypto: A Guide to CoinMarketCap's Yield Aggregator](~/AAQRxQA~/RgRockONP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWF4aW1pemluZy1wYXNzaXZlLWluY29tZS1pbi1jcnlwdG8tYS1ndWlkZS10by1jb2lubWFya2V0Y2Fwcy15aWVsZC1hZ2dyZWdhdG9yP2xpZD05dWV2YThvdHV3MWJXA3NwY0IKZo6Ovo9mTB0f0FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) The tool that can turn average crypto investors into yield optimization experts. [Read More](~/AAQRxQA~/RgRockONP0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWF4aW1pemluZy1wYXNzaXZlLWluY29tZS1pbi1jcnlwdG8tYS1ndWlkZS10by1jb2lubWFya2V0Y2Fwcy15aWVsZC1hZ2dyZWdhdG9yP2xpZD0zOGhpaXF3NTh3bTVXA3NwY0IKZo6Ovo9mTB0f0FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   “Bitcoin and Ethereum Are Commodities” Rostin Behnam, the CFTC's head, is back at it again, telling the U.S. Senate that Bitcoin and Ethereum are commodities. Behnam's got a new ace up his sleeve - a recent Illinois court ruling that agrees with him. This wasn't just any case - it involved a $120 million Ponzi scheme. Behnam pulled out a 2022 report from the Financial Stability Oversight Council. Apparently, there's a regulatory gap in the spot market for non-security digital assets. Behnam’s calling for federal legislation, warning that without it, we're basically inviting risks to crash the financial system. So what does this mean? Are we going to witness the US increasing regulations when it comes to crypto? [Read the full story](~/AAQRxQA~/RgRockONP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2Z0Yy1jaGFpci1yZWl0ZXJhdGVkLXRvLXVzLXNlbmF0ZS10aGF0LWJpdGNvaW4tYW5kLWV0aGVyZXVtLWFyZS1jb21tb2RpdGllcz9saWQ9ZGswbTlvY2dsMDJjVwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And… Goldman Sachs Jumps on the Tokenization Bandwagon Goldman Sachs is finally ready to dip its toes into the tokenization pool. The 150-year-old financial giant is planning to launch three tokenization projects by year's end. Details are as scarce as profits in a bear market, but word on the street is that one project will target U.S. funds, another will focus on the European market, and they're also planning to set up tokenized asset marketplaces. But Goldman isn’t going full crypto-anarchist just yet. It’s sticking to permissioned networks. What does that mean? [Read the full story](~/AAQRxQA~/RgRockONP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZ29sZG1hbi1zYWNocy1wbGFucy10by1sYXVuY2gtdG9rZW5pemF0aW9uLWZ1bmRzLXJ3YS1tYXJrZXRwbGFjZT9saWQ9ZGQwcGphbjlqZXB2VwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   We will see you tomorrow with more updates!   [Apple Store](~/AAQRxQA~/RgRockONP0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRockONP0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZo6Ovo9mTB0f0FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRockONP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZo6Ovo9mTB0f0FIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRockONP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRockONP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRockONP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmaOjr6PZkwdH9BSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRockONP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmjo6-j2ZMHR_QUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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