Bitcoin's price remained above $30,000 today, with investors anticipating the potential impact of the upcoming options expiry on the cryptocurrency's value.
Markus Thielen, head of research at Matrixport, notes that BTC has historically experienced gains of at least 20% during July in the past three years.
As the cryptocurrency market gears up for a potential rally in July, what are the best cryptos to buy now?
He predicts that Bitcoin could climb 10-20% within the next 30 days, possibly reaching $33,000 to $36,000 by August.
Thielen highlights a pattern in Bitcoin's performance this year, where it rises by approximately $10,000 and subsequently falls by $5,000, which has been observed after major events.
He believes that the market is moving towards $35,000, driven by the expectations surrounding Bitcoin ETFs approval.
The upcoming expiry of Bitcoin options contracts on Friday could either propel the cryptocurrency's price further or trigger a decline.
In current market conditions, WSM, AAVE, CHMPZ, UNI, YPRED, APE, and ECOTERRA are some of the best cryptos to buy now due to their strong fundamentals and/or positive technicals.
Wall Street Memes is creating a noteworthy buzz, recently surpassing the $10 million mark in its ongoing presale.
The up-and-coming meme coin, with its roots less than a month deep, has demonstrated phenomenal traction.
An impressive $100K was collected mere minutes into the launch, with over $500K accumulating in the last day alone.
This success can be attributed to its creators, a social media brand that boasts a following exceeding one million.
Originating in 2021, Wall Street Memes takes its cue from the popular Wall Street Bets Reddit movement.
The launch of their meme coin seeks to 'tokenize' this
Read more on cryptonews.com