These two cryptocurrencies show strength as the market crashes
The cryptocurrency market crashed in the last 24 hours, led by Bitcoin (BTC), as fear, uncertainty, and doubt (FUD) dominated. Meanwhile, MultiversX (EGLD) and Monero (XMR) displayed signs of strength, while most other cryptocurrencies showed weakness. In summary, Bitcoin broke down from a four-month price range, trading as low as $53,540 on July 5. As Finbold reported, this price action ended Bitcoin’s all-time “longest winning streak” of 427 days without retracing more than 25%. At the same time as BTC made a “well overdue correction,” in Charles Edwards’s words, crypto traders lost over $600 million in liquidations due to a massive long squeeze. Most projects displayed double-digit losses in the first days of July, shifting the overall sentiment to bearish. Picks for you Opportunity in volatility: ...