Bitcoin falls below $106K weighing under resistance, HFT, SOLX, MAV leads altcoins
2025-07-01 18:45:47
Main Idea
Bitcoin fell below $106K amid market resistance, with altcoins like Solaxy, Hashflow, and Maverick Protocol performing well despite broader market declines.
Key Points
1. Bitcoin was down 1.33% to $106,177.46, struggling to sustain above the $108,350 resistance level.
2. The broader crypto market lost 1.59%, with Ethereum dropping 2.20% to $2,430.75.
3. Solaxy (SOLX) surged 77%, Hashflow (HFT) rose 40%, and Maverick Protocol (MAV) gained 14%, bucking the market trend.
4. Technical indicators, including RSI and MACD, suggest weakening momentum and potential bearish divergence.
5. A large transfer of 7,382 BTC (worth $796M) raised questions about Michael Saylor's holdings, though no official explanation was given.
Description
Bitcoin continued its weakness on Tuesday as the leading cryptocurrency in the world by market capitalisation weighed under the resistance zone of $108k. The broader cryptomarket was down 1.59% to $3.27 trillion on Tuesday. The Coin Market Cap crypto fear and greed index is still in neutral territory at 50 from 52 yesterday, showing signs of fatigue in the crypto market. What’s with Bitcoin Bitcoin was down 1.33% to $106,177.46 on Tuesday. The US financial markets were also down on Tuesday as US...
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