The first week of July has started with the rise of the cryptocurrency market as all the top 10 coins are in the green zone.
The rate of Bitcoin (BTC) has increased by 2.76% in the last 24 hours.
Bitcoin (BTC) continues its local rally after a false breakout of the $19,000 mark. However, buying volume is low, which means that it may not be easy for the bulls to continue the rise.
Hence, the price has not recovered above $20,000 which is crucial for a medium term bull run. Overall, a more likely scenario is trading near $20,000 for the next few days.
At press time, bitcoin is trading at $19,558.
DOGE is the biggest gainer today, going up 3.52%.
Despite the rise, DOGE has not yet recovered above the $0.07 mark, which means it is too early to think about a bullish recovery. Furthermore, volatility has declined, confirming the fact that the altcoin has not accumulated enough to rise or fall. Respectively, one should not expect any sharp move from DOGE in the near future.
At press time, DOGE is trading at $0.06737.
SHIB has followed the growth of DOGE, increasing by 3.16% since yesterday.
SHIB is trading similar to DOGE as the meme coin is accumulating power after bounceback. If the price can settle above $0.00001 and return to $0.00001,050 soon, the bulls have a chance to seize the initiative and start a mid-term rise.
As of press time, SHIB is trading at $0.0001016.