Others are panicking but I am greedy. Can I buy BTC at the bottom?
Price trend
BTC price fell -7.55% and ETH price fell -11.32% in the past week.
Price Volume Distribution Chart (Support and Resistance)
Over the past week, BTC and ETH continued to fall after breaking down from the dense trading area at 7.04.
These top altcoins are most worth buying after the crash!
1. $ENS
- Highlights: Nominated multiple times by Ethereum founder Vitalik Buterin, the ENS treasury is well-funded, and the ENS domain name system has important uses in decentralized applications.
- Potential: With the development of decentralized applications and Web3, the demand for ENS may increase.
2. OK
- Highlights: Considered the leader in real world assets (RWA), it has attracted the attention of Wall Street.
- Potential: As more traditional financial institutions enter the blockchain space, ONDO may benefit.
3. $BNB
- Highlights: As the native token of Binance, the world's leading exchange, BNB has a wide range of applications in the exchange ecosystem.
- Potential: Despite some controversy, BNB usage and demand remain high.
4. $SOL
- Highlights: As a representative of high-performance public chains, Solana performs outstandingly in terms of speed and scalability.
- Potential: Despite some technical and market challenges, Solana’s technical foundation and community support remain strong.
5. $STX
- Highlights: As a second-layer solution for Bitcoin, Stacks aims to bring smart contract functionality to Bitcoin. The recent NAKAMOTO upgrade is highly anticipated.
- Potential: If the upgrade goes smoothly, Stacks may occupy an important position in the Bitcoin ecosystem.
6. $LIST
- Highlights: As a new coin of Binance, it has the concept of stablecoin and its current circulating market value is relatively low.
- Potential: If market consensus strengthens, prices could recover quickly.
7.$BABY
- Highlights: As a popular MEME token, PEPE has a high degree of recognition in the community.
- Potential: The value of MEME tokens is often strongly influenced by community sentiment and may fluctuate greatly in the short term.
8.$WIF
- Highlights: It is also a MEME token with entertainment and community-driven features.
- Potential: Similar to other MEME tokens, the value fluctuates greatly and mainly depends on the activity of the community and market sentiment.
Summarize
Over the past week, the prices of Bitcoin (BTC) and Ethereum (ETH) continued to fall, while the volatility and trading volume of these two cryptocurrencies reached the highest level during the decline on July 4. The open interest of Bitcoin and Ethereum has increased. In addition, the implied volatility of Bitcoin and Ethereum has also increased simultaneously. Bitcoin's funding rate remains at a low level, which may reflect the continued low leverage sentiment of market participants towards Bitcoin. Market breadth indicators show that most cryptocurrencies continue to fall, indicating that the overall market has maintained a weak trend over the past week.
