{"id":134241,"date":"2024-07-27T19:03:48","date_gmt":"2024-07-27T16:03:48","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134241"},"modified":"2024-07-27T19:07:56","modified_gmt":"2024-07-27T16:07:56","slug":"bitcoin-price-on-the-road-to-strong-recovery-ethereum-still-lags-behind","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-price-on-the-road-to-strong-recovery-ethereum-still-lags-behind\/","title":{"rendered":"Bitcoin Price on the Road to Strong Recovery, Ethereum Still Lags Behind"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>managed to briefly breach the $69,000 level, but retraced to its current price at $68,850.<\/p>\n<p>Despite this retracement, BTC is still up 2.7% on the weekly chart and has 24-hour trading volume of around $23.2 billion.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-price-on-the-road-to-strong-recovery-ethereum-still-lags-behind\/btcusd_2024-07-27_19-04-58\/\" rel=\"attachment wp-att-134244\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-134244\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58.png\" alt=\"\" width=\"2048\" height=\"988\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58-300x145.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58-1024x494.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58-768x371.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-27_19-04-58-1536x741.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/a><\/p>\n<p>In the past 24 hours $80.36 million were <strong><a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"nofollow\">liquidated<\/a> <\/strong>from the market ($25.95 million being longs and $54.4 million in shorts).<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/survey-44-predict-bitcoin-will-surpass-100000-this-cycle\/\" title=\"Survey: 44% Predict Bitcoin Will Surpass $100,000 This Cycle\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-36-7-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Survey: 44% Predict Bitcoin Will Surpass $100,000 This Cycle<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The 1-day technical analysis from TradingView remains extremely bullish with the summary and moving averages pointing to \u201cstrong buy\u201d at 17 and 14, while oscillators show \u201cbuy\u201d at 3.<\/p>\n<p>Many altcoins followed suit, with the bigggest gainer for today being eCash, which surged 14.9% and has a trading volume over $100 million.,<\/p>\n<p>However, there is one altcoin that isn\u2019t showing much bullishness during this surge and that is <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a><\/strong>.<\/p>\n<p>Although Ethereum recently got the greenlit from SEC for spot ETFs, the prce of ETH seems to be lagging behind Bitcoin.<\/p>\n<p>At the time of writing, Ethereum is valued at $3.274 with a 6.5% weekly decrease and $11.8 billion trading vokume.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-price-on-the-road-to-strong-recovery-ethereum-still-lags-behind\/ethusd_2024-07-27_19-05-50\/\" rel=\"attachment wp-att-134246\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-134246\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50.png\" alt=\"\" width=\"2048\" height=\"988\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50.png 2048w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50-300x145.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50-1024x494.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50-768x371.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/ETHUSD_2024-07-27_19-05-50-1536x741.png 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\"><\/a><\/p>\n<p>Despite the positive start of spot ETH ETFs, these funds seem to be registering outflows in the past 2 days. Nevertheless, many analysts and crypto experts are optimistic about the ETFs\u2019 future performance and the positive impact on the price of Ethereum.<\/p>\n<p>However, Ethereum\u2019s 1-day technical analysis from TradingView seems rather bearish. The summary and moving averages pont to \u201csell\u201d at 11 and 10, respectively, while oscillators remain \u201cneutral\u201d at 9.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is showing signs of recovery as the total market cap surged by 1.41% today, reaching $2.44 trillion.<\/p>\n","protected":false},"author":3,"featured_media":35360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27],"tags":[],"class_list":["post-134241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price on the Road to Strong Recovery, Ethereum Still Lags Behind<\/title>\n<meta name=\"description\" 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