The last trading day of the month is now also over in the United States of America. How will the Bitcoin price and the prices of the top 25 crypto coins end? Let’s look into it. I will also look at what this price picture means for the Bitcoin price in July and what does Elon Musk has to do with this?
Bitcoin price drops in negative crypto market
At the time of writing, the Bitcoin price is EUR 29,257.85 ($34,8440.-). This is 3.73% lower than during the US closing of yesterday.
The prices of the top 25 crypto coins are also going negative into this month. Ethereum Classic (ETC) is an exception though, which is the biggest riser today at 4.72%. Furthermore, I can only see red numbers. The deepest dark red are the figures for InternetComputer, which loses 11.04% in value in 24 hours. You can see all current prices online. This can change day to day.
What does this mean?
Bitcoin has made a loss over the last month (-6.31%), the last 3 months (36.7%) and the last half year (-29.68%). Is Bitcoin a thing of the past?
For the coming month, we see that the moving average over 100 hours is especially important, according to experts. This one is around $34,277.52. The coin is now exactly in the middle of the Bitcoin price range and therefore the 100-day average. If the currency manages to stay above it, it will see a bullish development in the short term. In other cases, the focus will be shifted to the boundary of the 200-hour moving average, etc. In the latter case, a bearish price trend in July seems increasingly likely.
Time to take a shot for the new coins?
New coins are rising, however. Shiba Inu got a result of 23%. The DogeCoin (DOGE) now lost 6.07%. The Floki coin community is really shocked. They saw the value rise no less than 3,000% in a short period of time. A new coin called Rich Like Elon is yet to be launched. Is this going to be the new DogeCoin?
