Several analysts agreed that Bitcoin could rise in price in the second half of this year, motivated by historical data after the halving.
Cryptocurrencies: Two altcoins jumped up to 31% in July, but Bitcoin moved sideways and Ethereum fell
Bitcoin ended July almost unchanged but is expected to regain the key $70,000 mark in the short termlast seen almost two months ago. This month was marked by the somewhat disappointing debut of Ethereum ETFs on Wall Street.
It is also worth noting that this month, Donald Trump, former president of the United States and current candidate to command the White Housefulfilled his commitment to attend Bitcoin 2024 in Nashville, where he reiterated his stance in favor of cryptocurrencies.
On what we can expect, various analysts agreed that Bitcoin could surge in price in the second half of this year motivated because the main cryptocurrency historically saw new peaks in the months following the halving and, currently, it is already 100 days since the event.
In turn, exchange-traded funds in the United States, They broke a negative streak of four consecutive days with money outflows.
On Tuesday, the last full day of trading so far, these financial instruments saw net inflows of more than $33 million in total. Since their launch on the market, They have accumulated outflows of more than US$400 million.
Cryptocurrencies: How BTC and ETH fared in July
Ripple +31.7%
Solana +16.9%
Bitcoin +2.6%
Binance Coin -0.6%
Ethereum -6.7%
Lido Staked Ether -6.8%
Source: Ambito
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