Naturally, we share the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we analyze the trends among the BTC miners and see what bull input the Bitcoin needs for the next rally. Finally, we analyze the short-term price.
We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live bitcoin (BTC) price and prices top 25 crypto flat
At the time of writing, the live Bitcoin (BTC) price is quoting EUR 23,404.08 ($24,015.78). This is 1.08% lower than during our Bitcoin lunch yesterday.
The prices of the top 25 crypto are also generally flat. Solana (SOL) records the biggest loss at -1.22%. Among the rising crypto coins, we see Dogecoin (DOGE) with + 13.04% as the big outlier. After that, Ripple (XRP) records the largest gain with + 1.27%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
Cryptocurrency Ethereum (Image: Pexels)
This is what the behavior of BTC miners says about the price outlook
Besides investors, Bitcoin miners were of course also affected by falling prices in the second quarter. This led to problems for miners, but also to creative solutions. The fact that many miners in Texas were forced to close due to the heat seemed to be a complicating factor.
Some miners solved this by selling the cheaply purchased energy to the state. In the meantime, however, the tide seems to be turning for the miners.
Figures show that they sold 60% less BTC in July than in the previous months. Analysts estimate that the miners have regained confidence in Bitcoin (BTC) due to the rising price and are holding on to their BTC in order to sell them at a higher price. This is, of course, a bullish factor for investors, who are now also streaming back into the crypto market.
These 2 BTC bull triggers could trigger a record rally
With the BTC price rising again, the question is when the next bull rally will cause new Bitcoin price records. CEO of investor SkyBridge Capital, Anthony Scaramucci, thinks it won’t take long. He shared in an interview 2 factors that are going to cause huge demand.
Bitcoin (Image: Pexels / Karolina Grabowska)
First, he cites the fact that America’s largest pension giant, Fidelity allows its members to convert or build out their pension plan (for up to 20%) with crypto, Bitcoin being the leading candidate, of course.
In addition, like many others, he believes that BlackRock’s entry into the crypto market will create a huge boost in demand.
Bitcoin (BTC) price price forecast in the short term: hurry up
At first glance, the crypto market and the Bitcoin (BTC) price seem rather flat, yet something interesting happened. This morning, the price briefly dipped below $24,000. This led to the immediate liquidation of the assets of as many as 66,918 crypto investors. They lost their collateral because the falling prices meant that it was no longer sufficient to sustain their risky speculations on Bitcoin (BTC) with a leverage factor. The result was a loss of $204.40 million.
It was notable that the market quickly recovered above $24,000 despite this wave of liquidation, and with that we actually see the same key prices as yesterday playing a role. Nevertheless, caution is in order. After all, it is well known that the probability of a Bitcoin (BTC) price decline increases the longer the currency consolidates.
Crypto (Image: Pexels / Karolina Grabowska)
We will of course continue to follow the developments.
Want to stay up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. So it could be an exciting afternoon.
Note: We never give financial advice, so you can’t interpret our contributions that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.