USD Down, Sound Money UP - Mine Digital
Knowledge

USD Down, Sound Money UP

July 22, 2020 • 
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Spread the word
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
With the USD having a major break lower overnight, Gold and Bitcoin both broke out higher. We watch for a continuation in Bitcoin.

Morning Traders,

On a night where US Dollars broke lower through a major level and Gold broke out higher, Bitcoin broke higher after spending a few days without any movement at all.


The expectation at the moment is that Bitcoin breaks higher again, and there are significant and strong short positions that could be on the chopping block as the market approaches $10k.

Bitcoin

Bitcoin is yet to make a serious move, but we should see something in the asset soon.

Bitcoin last traded at $9,389

24 hr high: $ 9,443

24 hr low: $ 9,152

Bitcoin USD Chart Daily

We are taking a look at the daily chart today, which shows the asset in a strong confluence of technical forces. It’s hard to ignore the payoff in an aggressive move about $11,000 but it would be a radical change in temperament for the market.

Ethereum

We have to presume that Ethereum guns for the level around 290 in the case of a more aggressive bullish move in digital assets/Bitcoin.

Eth last traded at $245.49

24 hr high: $ 245

24 hr low: $ 236.20

Ethereum USD Chart

Digital Assets

Tezos has been strong lately with Synthetix selling off almost 10% the last 24 hours.

  • Aave: $ 0.3028
  • Algorand: $ 0.3458
  • Cardano: $ 0.12297
  • Chainlink: $ 7.29
  • Compound: $ 159.45
  • Maker: $ 457.58
  • Ren: $ 0.1616
  • Reserve Rights: $ 0.011
  • Stellar: $ 0.0963
  • Synthetix: $ 3.47
  • Tezos: $ 3.01
Written By
Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Sign up

Never miss a thing! Sign up to
The Knowledge Mine Digital’s newsletter on all things Crypto