Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

SHARE
this page
FacebookTwitterLinkedInWhatsAppTelegramMessenger

Crypto Outlook

  

-BTC: $29,292.79

-ETH: $1,874.16

-XRP: $0.712

-LTC: $94.83

The global crypto market cap is $1.18T, a 0.07% increase over the last day. The total crypto market volume during the previous 24 hours is $17.78B, which makes a 20.47% decrease.

BTC: BTC price increased by 0.03% and decreased by 2.11% over 24 hours and in the past seven days. The asset reached a low and high of $29,264.17 and $29,380.46, respectively.

Bitcoin’s recent performance has been relatively stagnant, with minor fluctuations. In the past week, it experienced a slight dip of -0.31% in one hour, +0.4% in one day, and -3.24% in seven days. The one-month change showed a decrease of -3.85%, while the six-month change demonstrated a positive recovery of +27.06%.

The trading volume of $10.45 billion in the last 24 hours is consistent with the average daily volume of the past month, indicating steady interest and activity around the $29,000 level. The Relative Strength Index (RSI) stands at 43, suggesting neutral momentum, and the moving averages show a balanced market between bulls and bears.

Bitcoin is taking a breather after its surge from its lows in June below $18,000, establishing a base of support around $29,000. If selling pressure remains low, there’s potential for a recovery towards the psychological resistance level of $40,000. However, watch for signs of struggle to make higher highs and resistance at $30,000, as failure to break out could lead to a retest of June’s lows.

ETH: ETH price increased by 0.17% and decreased by 0.12% over 24 hours and in the past seven days. The asset reached a low and high of $1,870.33 and $1,885.53, respectively.

The Ethereum Attestation Service (EAS) has just announced its successful native integration with OP Stack. This achievement marks a significant milestone, as all future OP Stack chains will automatically incorporate the Genesis EAS contract.

EAS is thrilled about this integration, emphasizing its vital role in establishing trust certification as a foundational element within the Superchain ecosystem. Not only will it drive the adoption of certification practices, but it’s also expected to set new industry standards for information verification and trust establishment.

With EAS seamlessly integrated into OP Stack, Superchain takes a significant leap forward in ensuring the authenticity and integrity of data and transactions. Trust certification becomes a crucial component of the blockchain, instilling users with greater confidence when interacting with information. The native integration with OP Stack also opens up exciting opportunities for decentralized applications (dApps) and smart contracts on the Superchain network.

XRP: XRP price increased by 0.75% and decreased by 3.67%

over 24 hours and in the past seven days. The asset reached a low and high of $0.7069 and $0.7144, respectively.

Following a favourable ruling in the Ripple v. SEC case, XRP has experienced a recent rally, boosting confidence in its future. This surge and modest gains in altcoins like Ethereum (ETH) and Solana (SOL) are shaking up the crypto markets.

Swissblock, a crypto data platform, suggests that Bitcoin’s dominance is showing signs of weakening, indicating a potential upward trend for altcoins.

It’s important to remember that the crypto market remains highly volatile, and while bullish indicators may inspire optimism among investors, they don’t guarantee outcomes. Caution and responsible investing are advised when considering these predictions.

LTC: LTC price increased by 4.19% and 2.37% over 24 hours and in the past seven days. The asset reached a low and high of $90.97 and $95.68, respectively.

One of the critical events that occur in Litecoin’s protocol is the “halving,” which takes place approximately every four years.

The halving occurs after every 840,000 blocks, effectively cutting the mining reward in half. Initially, Litecoin miners received 50 LTC per block, and after the first halving in 2015, the reward was reduced to 25 LTC. Subsequently, after the second halving in 2019, the reward dropped further to 12.5 LTC. The third Litecoin halving, which occurred in August 2023, saw the block reward decrease to 6.25 LTC. This halving event has significant implications for both the Litecoin ecosystem and the broader crypto industry.

A tweet by Litecoin Foundation on 29th July: “Total Litecoins left to mine until next blockhalf: 33,388”


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus

Previous
Next

Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]