Bitcoin, Ethereum, XRP Flat, Dogecoin Falls Amid Strategic Bitcoin Reserve Push: Analyst Says 'a Lot of' Upside to Come If BTC Does This

Benzinga_recent_news07-07 10:31

Leading cryptocurrencies moved sideways on Monday as high-profile Bitcoin sell-offs were offset by growing optimism for a Strategic Bitcoin Reserve. Ethereum oscillated between $1,728 and $1,820 ...

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The Dow Jones Industrial Average rallied 136.46 points, or 0.26%, for a record close of 52,319.20. The S&P 500 gained 0.79% to close at 7,499.36, while the tech-heavy Nasdaq Composite lifted 1.52% to settle at 26,213.72.\nMichaël van de Poppe, a widely followed cryptocurrency analyst and trader, reaffirms his Bitcoin thesis, noting a higher low formed and potential tests of recent highs in the days ahead.\n“There’s a lot of upside to come if Bitcoin breaks back in the range, as the liquidity will likely flow towards altcoins rather than Bitcoin,” the analyst projected.\nAli Martinez, another influential cryptocurrency commentator, flagged $1,796 as the immediate resistance for Ethereum, with a daily close and hold above it strengthening the case for a rally to the realized price target of $2,245.\nPhoto Courtesy: vinnstock on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2649606089","isCrawlerRequest":true}