Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB By Cointelegraph

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

Cryptocurrency Jul 01, 2022 04:40PM ET

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Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

Bitcoin dropped 56.2% in the second quarter of 2022, according to crypto analytics platform Coinglass. That makes it Bitcoin’s worst quarter since the third quarter of 2011 when BTC price fell by 67%. A large part of the damage was done in the month of June when Bitcoin plunged 37%, the worst monthly drawdown since September 2011.

It is not all gloom and doom for crypto investors. On June 29, JPMorgan (NYSE:JPM) strategist Nikolaos Panigirtzoglou said that the “Net Leverage metric” suggests that crypto’s deleveraging may be on its last legs. The eagerness of crypto companies with stronger balance sheets to bail out crypto firms in distress is also a positive sign.

Daily cryptocurrency market performance. Source: Coin360

BTC/USDT daily chart. Source: TradingView

ETH/USDT daily chart. Source: TradingView

BNB/USDT daily chart. Source: TradingView

XRP/USDT daily chart. Source: TradingView

ADA/USDT daily chart. Source: TradingView

SOL/USDT daily chart. Source: TradingView

DOGE/USDT daily chart. Source: TradingView

DOT/USDT daily chart. Source: TradingView

LEO/USD daily chart. Source: TradingView

SHIB/USDT daily chart. Source: TradingView

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US 30	33,831.6	-80.8	-0.24%
US 500	4,285.6	-11.5	-0.27%
Dow Jones	33,912.44	+151.39	+0.45%
S&P 500	4,297.14	+16.99	+0.40%
Nasdaq	13,128.05	+80.87	+0.62%
S&P 500 VIX	20.12	+0.17	+0.85%
Dollar Index	106.782	+0.349	+0.33%

Crude Oil WTI	88.44	-0.97	-1.08%
Brent Oil	93.78	-1.32	-1.39%
Natural Gas	8.992	+0.264	+3.02%
Gold	1,790.80	-7.30	-0.41%
Silver	20.027	-0.245	-1.21%
Copper	3.6135	-0.0040	-0.11%
US Soybeans	1,399.25	-12.75	-0.90%

SPDR S&P 500	428.86	+1.76	+0.41%
iShares Russell 2000	201.07	+0.71	+0.35%
Invesco QQQ Trust	333.06	+2.67	+0.81%
Direxion Daily Junior Gold Miners Bull 2X Shares	36.08	-1.78	-4.70%
iShares Silver	18.68	-0.49	-2.56%
ProShares Ultra VIX Short-Term Futures	8.91	-0.20	-2.20%
ProShares UltraPro QQQ	38.89	+0.91	+2.40%

Apple	173.19	+1.09	+0.63%
Alphabet A	122.08	+0.40	+0.33%
Tesla	927.96	+27.87	+3.10%
Amazon.com	143.18	-0.37	-0.26%
Netflix	249.11	-0.19	-0.08%
Meta Platforms	180.89	+0.39	+0.22%
Bank of America	36.25	-0.05	-0.14%

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

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