Mooners and Shakers: Bitcoin attempts $20k on US Independence Day; SAND and RUNE light up
Mooners and Shakers is sponsored by Dacxi, the world’s first purpose-built Crypto Wealth platform.
While Bitcoin and the crypto market would love to declare independence from the price action of stonks longer-term, correlation is still very much in place according to Deutsche Bank.
To start the week, though, and perhaps luckily for Bitcoin and pals, the stock markets are closed on the Fourth of July US national holiday. Meanwhile, the crypto market has some wondering if a relief rally is on the cards, even if bearish voices continue to control the general sentiment.
Top 10 overview
With the overall crypto market cap at roughly US$931 billion, up 3.4% since this time yesterday, here’s the current state of play among the top 10 tokens — according to CoinGecko.
Bitcoin (BTC) stood on tiptoes earlier and took a swipe at US$20k for the first time in five days. A lack of trading over the US long weekend kept volatility in the crypto market low, although July 4 seems to have lit some smallish fireworks under some assets, at least.
The near 4% BTC rise today may well have formed on the back of support found around the US$19,200 level, according to on-chain analytics gurus Whalemap — an area it’s posted about before…
Uppers and downers: 11–100
Sweeping a market-cap range of about US$7.88 billion to about US$375 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time.
DAILY PUMPERS
• Arweave (AR), (market cap: US$591 million) +15%
• The Sandbox (SAND), (mc: US$1.48 billion) +14%
• THORChain (RUNE), (mc: US$620 million) +13%
• BitTorrent (BTT), (mc: US$798 million) +9%
• DeFiChain (DFI), (mc: US$495 million) +8%
Decentralized storage network Arweave (AR) might be performing well today on the back of some positive development/building activity…
Read the full article: https://stockhead.com.au/cryptocurrency/mooners-and-shakers-bitcoin-attempts-20k-on-us-independence-day-sand-and-rune-light-up/
