The weakening of the activity of traders at the beginning of the week led to a narrowing of the range of Bitcoin fluctuations.
The BTC rate on Monday, July 3, fell to $30,634. Since last Friday, the cryptocurrency has been trading at a distance of $30,500 to $30,700.
Weak activity is observed in Asian and European markets.
Ethereum (ETH) strengthens minimally. The leading altcoin rose to $1962.
Binance Coin (BNB) is gradually regaining its June losses.
Last month, the value of BNB collapsed by about 25%. In early July, the cryptocurrency rose by 5% to $249.5. Analysts recorded an increase in its support around $220.
Litecoin (LTC) and Solana (SOL) showed the highest growth. They have risen in price by more than 15% to $110 and $19.5 respectively.
BitBull Capital CEO Joe DiPasquale believes that bitcoin will be able to gain support in the region of $27-29,000. A decrease in BTC may occur if part of the capital of investors is redistributed in favor of altcoins.
The expert noted:
Last week we saw that bitcoin was able to hold above $30,000 and this was a positive signal for the market. But this week we are seeing some shift towards altcoins. For example, ETH is approaching $2000, other altcoins have also risen.
