{"id":5759,"date":"2022-08-01T04:46:07","date_gmt":"2022-08-01T04:46:07","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/01\/after-a-strong-july-heres-what-august-has-in-store-for-bitcoin-and-crypto\/"},"modified":"2022-08-01T04:46:07","modified_gmt":"2022-08-01T04:46:07","slug":"after-a-strong-july-heres-what-august-has-in-store-for-bitcoin-and-crypto","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/01\/after-a-strong-july-heres-what-august-has-in-store-for-bitcoin-and-crypto\/","title":{"rendered":"After A Strong July, Here&#8217;s What August Has In Store for Bitcoin and Crypto"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/after-a-strong-july-heres-what-august-has-in-store-for-bitcoin-and-crypto\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Bitcoin and the cryptocurrency market bounced again strongly final month in July after a extreme correction through the second quarter. Trading at the moment at $23,300 ranges, Bitcoin registered shut to twenty% positive aspects final month.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>However, the larger query right here is the place is Bitcoin heading up from right here onwards. On-chain information supplier Santiment reviews:<\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Bitcoin jumped +18% in July after <\/span><span class=\"r-18u37iz\">@santimentfeed<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u2018s NVT model\u2019s rising <\/span><span class=\"r-18u37iz\"><a class=\"css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0\" dir=\"ltr\" role=\"link\" href=\"https:\/\/twitter.com\/hashtag\/bullish?src=hashtag_click\">#bullish<\/a><\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> divergence in May &amp; June lastly noticed a value bounce come to fruition. With a impartial sign now as costs have risen and token circulation has declined barely, August can transfer both path.<\/span><\/p>\n<\/blockquote>\n<figure id=\"attachment_118519\" aria-describedby=\"caption-attachment-118519\" style=\"width: 3448px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-118519\" alt=\"\" width=\"3448\" height=\"1522\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/08\/01094010\/Bitcoin-BTC-Circulation.jpeg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-118519\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/08\/01094010\/Bitcoin-BTC-Circulation.jpeg\" alt=\"\" width=\"3448\" height=\"1522\"\/><\/noscript><figcaption id=\"caption-attachment-118519\" class=\"wp-caption-text\">Courtesy: Santiment<\/figcaption><\/figure>\n<p>On the opposite hand, Bloomberg\u2019s senior commodity strategist Mike McGlone stated that the risk-reward has significantly tilted in favor of Bitcoin. He <a href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1553459234238599168\" target=\"_blank\" rel=\"noopener\">wrote<\/a>: \u201c<span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">July marked the steepest discount in Bitcoin <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">history to its 100-and 200-week moving averages, with implications for it to recover. I see risk vs. reward tilted favorably for one of the greatest bull markets in history\u201d.\u00a0<\/span><\/p>\n<p>On the opposite hand, information from Glassnode additionally reveals that the Bitcoin stability on the exchanges has been on a steady decline. The BTC stability on the exchanges has now reached 12.6% of the whole circulating provide.<\/p>\n<figure id=\"attachment_118520\" aria-describedby=\"caption-attachment-118520\" style=\"width: 2962px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-118520\" alt=\"\" width=\"2962\" height=\"1706\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/08\/01094900\/Bitcoin-BTC-Exchange-Balance.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-118520\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/08\/01094900\/Bitcoin-BTC-Exchange-Balance.jpg\" alt=\"\" width=\"2962\" height=\"1706\"\/><\/noscript><figcaption id=\"caption-attachment-118520\" class=\"wp-caption-text\">Courtesy: <a href=\"https:\/\/twitter.com\/glassnode\/status\/1553017879011942403\" target=\"_blank\" rel=\"noopener\">Glassnode<\/a><\/figcaption><\/figure>\n<h3>Equity vs Crypto Markets<\/h3>\n<p>Despite the Fed charge hike, the U.S. fairness market carried out strongly in July. Some market analysts are bullish that the market will proceed to development upwards from right here onwards.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Nasdaq 100 placing in a bullish engulfing candle! <\/p>\n<p>This might bode effectively for equities, and when equities do effectively so does <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a>! <a href=\"https:\/\/t.co\/4aSvGuDWob\">pic.twitter.com\/4aSvGuDWob<\/a><\/p>\n<p>\u2014 Lark Davis (@TheCryptoLark) <a href=\"https:\/\/twitter.com\/TheCryptoLark\/status\/1553942980012040192?ref_src=twsrc%5Etfw\">August 1, 2022<\/a><\/p>\n<\/blockquote>\n<p>Of course, because the fairness market takes off, crypto will observe them on comparable traces. The world\u2019s second-largest crypto Ethereum (ETH) rallied greater than 60% final month from its backside. The current value rally in ETH has as soon as once more sparked the talk of <a href=\"https:\/\/coingape.com\/ether-fans-vs-bitcoin-maxis-analysts-spark-the-debate-of-ethereum-overtaking-bitcoin\/\" target=\"_blank\" rel=\"noopener\">Ethereum flippening Bitcoin<\/a>. As of press time, ETH is buying and selling near $1,700 ranges.<\/p>\n<p>Other altcoins like XRP, Polygon (MATIC), Solana (SOL), Avalanche (AVAX) have gained an upward momentum final month. If the broader market helps, the momentum can proceed this month as effectively.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA118518\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds a superb aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in the direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is constantly in a studying course of and retains himself motivated by sharing his acquired data. In free time he reads thriller fictions novels and typically discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD118518\">\n<p> The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability for your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/after-a-strong-july-heres-what-august-has-in-store-for-bitcoin-and-crypto\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin and the cryptocurrency market bounced again strongly final month in July after a extreme correction through the second quarter. Trading at the moment at $23,300 ranges, Bitcoin registered shut to twenty% positive aspects final month. However, the larger query right here is the place is Bitcoin heading up from right here onwards. On-chain [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[1507,20,24,168,1286,802,347],"class_list":["post-5759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-august","tag-bitcoin","tag-crypto","tag-heres","tag-july","tag-store","tag-strong","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=5759"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5759\/revisions"}],"predecessor-version":[{"id":5760,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5759\/revisions\/5760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/5761"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=5759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=5759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=5759"}],"curies":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