Rain will fall over Bitcoin in the next 24 hours, signaling bearish market conditions, while drizzle will fall over Ether and Solana. This indicates slightly bearish market conditions.

A strong sun will shine over Polygon, Ripple’s XRP, Litecoin, in the next 24 hours signaling bullish market conditions and good buy opportunities.

Over a one-week time horizon, drizzle will linger over both Bitcoin and Ether.

The trading signals available at 08:00 CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies trade mixed, with Bitcoin falling as tech sell-off continue

The cryptocurrency trend was mixed over the past 24 hours, with Bitcoin dropping in line with other tech stocks. Ether managed to edge higher ahead of the expected listing of eight spot ETH exchange traded funds (ETFs) as of next week.

“Positive commentary toward Bitcoin has plummeted despite the mid-sized crypto market bounce this week. Many traders, particularly on @binance, are opening shorts with the expectation of BTC dropping again,” the crypto intelligence firm Santiment noted.

The price of Bitcoin dropped 0.6 percent to $64,124 over the past 24 hours, Trading View’s Bitcoin chart shows. Ether, however, edged 0.1 percent higher to $3.434. The combined market capitalization of the two cryptocurrencies makes up almost 69 percent of the crypto space.

Record $2 billion inflows into spot Bitcoin ETFs over the past 10 trading days

The 11 spot Bitcoin ETFs trading in the US have seen inflows reaching a record $2.02 billion over the past 10 trading days, BlockBeats reports. BlackRock’s $IBIT ETF now holds $20.7 billion in assets under management, $3.4 billion more than Grayscale Investment’s ETF $GBTC. This financial product, originally trading as a Bitcoin Trust, was converted into an ETF in January and has since lost billions in assets due to its far higher fees.

Trump is Bitcoin 2024 conference’s keynote speaker

The Republican presidential candidate Donald Trump has been invited to the Bitcoin 2024 conference as its keynote speaker. This annual conference, the world’s largest conference dedicated to bitcoin, will be held in Nashville between July 25 and 27.

Other speakers include MicroStrategy’s co-founder and Executive Chairman Michael Saylor and Ark Invest’s CEO Cathie Wood.

Trump has over the past few months expressed his support for cryptocurrencies and the cryptosphere hopes for pro-crypto policies to be adopted conditional on his election in November. The Democratic Party remains much more skeptical about crypto assets.

Trump considers JPMorgan’s Chairman as Treasury Secretary

JP Morgan’s Chairman Jamie Dimon is among the candidates that Trump considers as a potential Treasury Secretary if he is reelected in November. Dimon, a long-time critic of Bitcoin, has softened his position regarding Bitcoin and cryptocurrencies in general over the past couple of months.

Polygon to replace its MATIC token with a new innovative token early-September

The upgrade of Polygon’s mainnet on September 4 will replace its MATIC token with a new innovative token called POL. MATIC holders are advised to read more about this conversion here.

The price of Polygon fell 5.1 percent to $0.52 over the past 24 hours.

DISCLAIMER

ATTMO, a weather-inspired AI tool, makes cryptocurrency predictions. It also forecasts longer-term cryptocurrency trends. These forecasts are not trading advice; they are only decision support tools. They do not include information that is specific to the user; in particular they do not account for their personal risk appetite or market assessment. The forward-looking weather-inspired predictions part of this report may have changed by the time you read this edition of ATTMO Times. So always check the latest ATTMO predictions before making any investment decision.