Bitcoin, Ethereum, Ripple recover despite German Bitcoin transfers, fear among traders

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Bitcoin News

Ethereum,Ripple,Cryptocurrencies

The #German government transferred 1,000 $BTC($55.8M) out again 15 minutes ago, of which 500 $BTC($27.9M) was deposited to #Coinbase and #Bitstamp.

Bitcoin trades above $57,000 on Monday even as investors remain fearful amid mounting pressure of German BTC transfers. Ethereum trades above the psychologically important $3,000 level as ETH traders anticipate Spot ETF approval by the SEC. XRP hovers around $0.42 as pro-crypto attorney predicts final ruling in SEC vs. Ripple lawsuit as early as July 13. Bitcoin Fear and Greed Index shows market participants are fearful, signaling a buying opportunity for sidelined traders.

2% Fibonacci retracement level of the decline between the June 2 top of $0.0294 and the July 5 bottom of $0.0091. NOT is likely primed for a 25% decline in its price, erasing gains from the past two days. NOT could dip into the Fair Value Gap between $0.0132 and $0.0136, marking over 25% decline from the current price. The Relative Strength Index reads 58.13, climbing above the neutral level at 50. Market updates Polygon beat Bitcoin and Ethereum in active addresses in the past 24 hours.

 

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