PUMP storm just happened, and the market is back in the green.

14.07.2023

Dear traders,

Bullish news came to the market after the SEC lost against XRP, and now big green candles are back.

Jake
TOP Trader

BTC broke above $31,200 on the daily chart, showing bullish momentum. Is this a liquidity grab or the start of a bull market? We will find out soon.

ETH broke bullish and strongly surpassed $1940, now needing to hold above $2000 to maintain a bullish structure for the next leg up.

XRP dominated the market after the bullish news and pumped strongly, breaking through all resistances. The next target is $1 if this momentum sustains.

LINK broke the resistance at $7 and showed great momentum along with other altcoins. It now needs to hold above this level for a continuation of the bullish push.

SOL had a bullish breakout, taking the market by storm. It now needs to hold above $27 for the bullish continuation. Congratulations to all who bought at lower prices.

EOS broke above $0.79 and needs to hold above this level for a bullish continuation. It still presents a good buying option for the long term.

LTC is still fighting in the $100 range and needs a stronger push upward. Additionally, in 30 days, LTC will undergo a halving event, which is expected to result in a notable price increase due to a reduction in mining supply. This presents an excellent long-term investment opportunity!

DXY dropped like a bomb after positive US inflation data and is now approaching the support zone at 99.3.

Crypto/stock daily news:

CRYPTO FUNDS SAW A 3RD STRAIGHT WEEK OF INFLOWS

We love a good winning streak.

Hitting the hay before 9 pm 7 days straight. A whole month doing 12/3/30 workouts.

And we really love that crypto investment products saw inflows for the 3rd week in a row, amounting to $470M.

Total inflows last week were $136M

$133M of that was BTC

Altcoins like SOL and XRP saw inflows

The best part? This 3-week streak has corrected the previous 9 weeks of outflows.

Balance has been restored in the crypto universe…

CRYPTO MARKET MOVES

Crypto prices have been wild this year. One moment, they’re up. The next moment, they’re down.

It reminds me a lot of that TurboTax commercial…

It’s a guy working in an office. Then he gets a phone notification: “You’re a millionaire!”

He starts writing his “I quit” letter, but gets another notification: “Not a millionaire!”

Then, he’s in a meeting. Gets another notification: “You’re a millionaire, baby!”

He’s getting ready to toss his boss the middle finger and moon everyone else on his way out. But then gets another notification: “Nope, not a millionaire!”

Yup. Crypto’s felt a lot like that this year. And it’s been hard as f*ck to keep track of.

Just check out the weekly L1 market movers.

FAST NEWS:

ARK Invest (major asset manager) sold $11.8M in Coinbase shares Tuesday, the same day COIN rallied 9.78%. ARK still holds ~8% of the company’s total shares ($711.24M.)

Starbucks is teaming up with the popular NFT project Aku for its next digital Stamp. Starbucks continues to kill it in the NFT world.

Coinbase added an encrypted messaging feature to its crypto wallet. It’ll allow any two Ethereum addresses to chit-chat.

Celsius (bankrupt lender) and CEO Alex Mashinsky were sued by the SEC, DOJ, CFTC, & FTC this morning, and Mashinsky was arrested. The suits allege he misled customers and cost them billions.