Bitcoin trades near $64,500 on July 11 after breaking above the descending channel that has contained price since early June, with the falling 50-day moving average now standing directly overhead as the first test of whether the move has continuation in it.
Zcash trades near $504 on July 11 after completing a breakout above its 50-day moving average, while Santiment's development ranking and the Ironwood upgrade due July 28 give the move two catalysts beyond the chart.
Ethereum trades near $1,805 on July 11, pushing above the falling 50-day moving average and probably going for a retest attempt.
Bitcoin trades near $64,500 on July 11 after breaking above the descending channel that has contained price since early June, with the falling 50-day moving average now standing directly overhead as the first test of whether the move has continuation in it.
The Digital Asset Market Clarity Act enters the decisive stretch of its legislative life on July 13, when the Senate returns with roughly three working weeks to schedule a vote before the August recess, a window analysts describe as the last realistic gate for passage in 2026.
Ethereum remains trapped below its major moving averages, struggling with overhead resistance.
XRP's recovery from the $1.008 base has run directly into its first major trend barrier, and on-chain data explains both who drove the bounce and what is still missing for it to continue.
Solana is one of the best performers among major cryptocurrencies this week, and the price move has usage data and a concrete upgrade behind it rather than just market sentiment.
It looks like Bitcoin's problem right now isn't that holders have lost faith. It's that the money needed to push price higher has drained out of the system.
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