The price action of most cryptocurrencies are showing a healthy and low volatile range which in the case of Bitcoin is above $20,500, for Ethereum above $1,180, Cardano above $0.46, Solana above $37.10 and Hive above $0.45.
And the rest of the main cryptocurrencies by market capitalization show a similar correlation, an action that has been interpreted from a favorable point of view that may help a new price increase that generates some stability to the cryptocurrency market in the month of July.
The sixth edition of the Blockchain Summit Latam is currently taking place in Panama, in this prestigious event the Colombian analyst and youtuber Juan Rodriguez assured that the data of the Bitcoin network show very positive signs, he also made reference to the data of transactions, adoption, users or active addresses as elements that fill the cryptocurrency market with health.
In Rodriguez's words, so far there are certain patterns that have been consistent and always upward, especially in terms of user demand to use and accumulate Bitcoin, ensuring that the best area to buy is when we are below the average price at which we have all bought.
In addition to the participation of Colombian analyst and youtuber Juan Rodriguez, this sixth edition of the Blockchain Summit Latam will continue for three more days, where not only will be analyzing the price action of cryptocurrencies, but also everything related to the blockchain ecosystem as a financial reference, with special emphasis on the adoption of cryptocurrencies, wallets, exchanges and trading.
SOURCES CONSULTED
CriptoNoticias Is bitcoin "healthy" enough for another price hike? This is the answer from an analyst. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Criptonoticias
