Bitcoin wipes out gains from the last week of June and falls below $60,000 on Wednesday. Ethereum and top altcoins ranked by market capitalization erased gains as the inflation outlook worsened. Ripple holds on to recent gains and hovers above $0.48 on Wednesday. Bitcoin, Ethereum and Ripple update Bitcoin trades at $59,922 on Binance, erasing nearly 4% of its value on the day.
Once LDO sweeps liquidity in the FVG, it could resume its rally towards the upper boundary of another FVG, at $2.309, as seen on the daily chart. This would mark over 30% gains in LDO. The Moving Average Convergence Divergence indicator shows red histogram bars below the neutral line, supporting a thesis of downward correction in LDO price. Market updates Ethereum, Bitcoin, and Tron network collected the highest volume of fees, in that order, per Lookonchain data. Ethereum collected a fee of $2.
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