{"id":20670,"date":"2024-07-11T10:56:21","date_gmt":"2024-07-11T10:56:21","guid":{"rendered":"https:\/\/buycrypt.com\/blog\/?p=20670"},"modified":"2026-07-14T15:51:28","modified_gmt":"2026-07-14T15:51:28","slug":"bitcoin-bulls-eye-60k-next-as-bittensor-tao-soars-11-daily-market-watch","status":"publish","type":"post","link":"https:\/\/buycrypt.com\/blog\/en\/bitcoin-bulls-eye-60k-next-as-bittensor-tao-soars-11-daily-market-watch\/","title":{"rendered":"Bitcoin Bulls Eye $60K Next as Bittensor (TAO) Soars 11% Daily: Market Watch"},"content":{"rendered":"

The Bitcoin bulls are looking to push the price toward $60K as some altcoins are charting impressive gains.<\/strong><\/em><\/p>\n

The entire cryptocurrency market saw a resurgence throughout the past 24 hours. Its capitalization is up by 1.8%, currently standing at around $2.25 trillion.<\/p>\n

This comes on the back of newfound confidence in Bitcoin buyers who are now looking to push the price to $60K. A lot of the large-cap altcoins are giving mixed signals, but some trending coins are charting impressive gains.<\/p>\n

Let\u2019s have a look.<\/p>\n

Bitcoin\u2019s Price Pushing for $60K<\/h2>\n

The bulls have reappeared on the charts during the past few days, driving Bitcoin\u2019s price toward $59K and seemingly preparing a push toward the coveted $60K level.<\/p>\n

As can be seen on the chart, the buyers were able to surpass the resistance around $58,200, pushing the cryptocurrency to an intraday high of $59,450.<\/p>\n

<\/p>\n

It\u2019s worth noting that the price has reversed course in the past few hours and is now headed for a retest of the above-mentioned resistance. Positive reaction in this area might set the tone for a push toward $60K.<\/p>\n

That said, market volatility has decreased considerably, resulting in a lot less liquidations of derivatives positions. They currently stand at about $103M, according to CoinGlass. Quite naturally, Bitcoin accounts for about 30% of that with 63% of the total liquidations being short sellers.<\/p>\n

Altcoins Give Mixed Signals<\/h2>\n

The altcoins from the top 20 cryptocurrencies by means of total market capitalization are giving mixed signals. Some of them were unable to capitalize on this latest uptick.<\/p>\n

For instance, DOGE is trading at a 2% loss, same for MATIC, NEAR, BCH, and UNI. Ethereum managed to sustain itself above $3K, but it\u2019s down 0.8% on the day.<\/p>\n

\"cryptocurrency_heatmap_1007241\"<\/p>\n

This uncertainty is also reflected into the overall market sentiment. According to the popular Fear and Greed Index, the latter is currently in fear, albeit slightly better than yesterday.<\/p>\n

Of course, this doesn\u2019t apply to all altcoins.<\/p>\n

Bittensor\u2019s TAO is on a tear in the past 24 hours, increasing by a massive 11% and becoming today\u2019s top performer.<\/p>\n

On the other end of the spectrum, the cryptocurrency that lost the most is Ethereum Name Service (ENS), which is down 7.1%.<\/p>\n

Source: www.cryptopotato.com<\/p>\n

<\/p>\n

\n

Related articles<\/h3>\n