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ETH, TON, UNI, and XMR could rally if Bitcoin clears $68,000.
Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.
Bitcoin is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant.
Even as Bitcoin is trying to find a short-term bottom, Ether is attempting a rebound off its recent drop below $3,400 on June 14. The solid demand at lower levels could be due to the expected launch of the spot Ether exchange-traded funds (ETFs). Bloomberg ETF analyst Eric Balchunas anticipates Ether ETFs to start trading as early as July 2. 0 reply
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