☀️ The sun shines over Bitcoin and Ether in the next 24 hours, signaling bullish market conditions. Altcoins such as Solana are also likely to profit from the sun. However, the volatility on the crypto markets will be high, ATTMO shows.

The trading signals available at 08:40CET are the basis for the projections mentioned above. Please check whether ATTMO's signals have changed since then, before making an investment decision.

Cryptocurrencies fall sharply, with Bitcoin at a 2-month low

The cryptocurrency trend was sharply negative over the past 24 hours, triggering the liquidation of mostly long positions. Bitcoin traded at a two-month low.

“Psychologically, breaking the $60,000 Bitcoin price would be damaging, as prices could drop quickly to the nearest support level, which might be $55,000 or even $50,000. As mentioned previously, the average Bitcoin ETF entry price is between $60,000 and $61,000, and a break below this range could set off liquidation orders.,” 10xResearch writes in its daily market comment.

The price of Bitcoin fell 3.8 percent to $58,273 over the past 24 hours. Trading View’s Bitcoin chart shows. Its price is now 20 percent below its all-time high.

Spot ETH ETFs to be trading within days, not weeks - Galaxy executive

The head of asset management at Galaxy Digital, Steve Kurz, expects the eight spot Ether exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) to be trading within days, rather than weeks.

“Look, we’ve done this before. This is methodical, this is window dressing, the SEC is engaged,“, Kurz told Bloomberg News in a televised interview. Meanwhile, the asset manager Bitwise amended its ETF registration filing with the SEC, regulatory documents show. Such amendments are viewed as the sign of an imminent approval.

The eight ETFs were approved by the US regulator in May and now only need their registration approved before being able to trade in the US.

The price of Ether dropped 4.8 percent to $3,218 over the past 24 hours.

Next US President likely to support crypto – Galaxy CEO

The outcome of the US presidential elections in November will support the crypto sector regardless of its outcome, the CEO of Galaxy, Mike Novogratz, told CNBC.

“No matter who wins the next election, we’re going to get positive crypto legislation – I know that. Most Democrats, apart from a small group, are pro-innovation and pro-crypto. Positive crypto legislation is inevitable, no matter who wins the next election,” Novogratz said.

US market closed on celebrations of Independence Day

Investors will have fewer than usual financial cues to trade on today, as the US market is stock closed today. Tomorrow’s release of US June nonfarm payrolls – the creation of new jobs – may indicate whether the country’s economy is slowing down, a move warranting rate cuts.

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.