BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX


The recovery in the cryptocurrency markets is being led by Bitcoin (BTC), which has risen above the $21,000 level. However, BlockTrends analyst Caue Oliveira said that on-chain data shows a decline in “whale activity” since the month of May, barring the flurry of activity during the Terra (LUNA) — since renamed Terra Classic (LUNC) — collapse.

A survey conducted in China shows that most participants believe that Bitcoin could fall much further. About 40% of the participants said they would buy Bitcoin if the price dropped to $10,000. Only 8% of the voters showed interest in buying Bitcoin if it drops to $18,000.

Daily cryptocurrency market performance. Source: Coin360

Millionaire investor Kevin O’Leary told Cointelegraph that crypto markets are likely to witness “massive volatility” and enter into a state of “total panic” before entering an accelerated growth phase. He said that companies run by “idiot managers” will face the heat, but that will result in the rise of stronger companies.

Could higher levels continue to witness aggressive selling by the bears? Let’s study the charts of the top-10 cryptocurrencies to find out.