Over the past 24 hours, cryptocurrency market capitalization has fallen 0.2%, but remains in the $1.16-1.20 trillion range since last Thursday. The market continues to be in a "greedy" mood, as shown by the Fear and Greed Index.
The situation with the top two cryptocurrencies, Bitcoin and Etherium, is as follows:
Bitcoin is in the $30.0-30.8K range, higher than a similar consolidation in April, and has established itself in a general uptrend. However, the short-term outlook points to the possibility of a correction, with short-term targets around $29.8K (76.4% of the rally since mid-June), but a pullback to $28.9K (61.8%) is more likely. This should not call into question the bullish trend, but will encourage further buying.
Etherium is trading in a corridor with a slight bearish bias, correcting 4% from its June 22 high to $1860. The development of a corrective pullback here sets the stage for a decline to $1800-1810. The critical circular level and the 61.8% line from the last rally to the 50-day moving average are centered here.
Cryptocurrency market news includes the following:
Miners are selling their accumulated Bitcoin reserves. Glassnode estimates that BTS miners have sent $128 million worth of cryptocurrency to exchanges. This figure represents 315% of their daily production, which is a record.
The average income of a standard Airdrop hunter was $9384 per address (median was $6497). According to a joint study by X-explore and crypto-journalist Colin Wu, the premium segment had figures of $18,935 and $14,288.