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Following the previous analysis, the price of #BCH returned to the $400.0 area and reacted to it again.
It is now moving above the demand level of $340.0-350.0. By checking the trend of this currency, it can be seen that the price may fluctuate for a while in these areas and then start to grow. Maintaining the current level is very important for the price. In fact, maintaining this level means continuing the upward trend and breaking from this level means starting the downward trend..
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#CryptoQuant: Bitcoin miners' "surrender" may be a bottom signal
On July 4, since the latest Bitcoin halving event (April 19), that is, after the reward of halving every time a new Bitcoin block is halved, the world's largest cryptocurrency has begun to show signs of surrender of miners, because miners may close down. Underperforming equipment and began to sell Bitcoin to hedge risks.
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Ripple and Coinbase challenge SEC cryptocurrency regulation with court ruling
Coinbase and Ripple Labs are using a recent court ruling to challenge the SEC's cryptocurrency regulation. The ruling found the SEC had not proven BNB's secondary sales were securities in the Binance case, supporting Coinbase and Ripple. This highlights legal uncertainty in the industry, prompting calls for clearer rules. Ripple argues case-by-case regulation may not be effective. Ongoing legal disputes with the SEC, Coinbase, Ripple, and Binance are continuing, with upcoming hearings expected to shape the cases' outcomes.
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#UNFI has returned to the resistance level of $4.8-$5.9.
The price should break out of the descending channel and trade above $6.660 level to start another uptrend.
If this time the price reacts to this level and can not cross it and break out the dynamic support, it will drop to the support level of $2.5 -$3.0 .
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Blockchain company OpenLedger completes $8 million in seed round financing
Financial reports that blockchain company OpenLedger raised $8 million in a seed round led by Polychain Capital and Borderless Capital. Other participants include HashKey Capital, Finality Capital, Hash3, STIX, MH Ventures, EigenLayer’s Sreeram Kannan, Polygon’s Sandeep Nailwal and Manta’s Kenny Li, among others.
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