Best Crypto to Buy Now July 19 – Mantle, Dogwifhat, Bittensor
The cryptocurrency market continues to exhibit notable volatility as we approach mid-July.
Recent economic data from the U.S. has introduced new variables into the digital asset valuation equation, particularly affecting Bitcoin’s trajectory.
On July 18, U.S. unemployment claims surpassed expectations, reaching 243,000 – up from the previous 229,000. This increase suggests a potential softening in the job market.
Conversely, the Philadelphia Fed Manufacturing Index showed significant improvement, rising from 2.7 to 13.9, which indicates robust industrial growth. While the CB Leading Index slightly improved, it still reflected a negative trend at -0.2%.
These mixed economic signals can impact cryptocurrencies in various ways.
Higher unemployment claims may drive investors towards alternative assets like Bitcoin, while strong manufacturing data could bolster confidence in traditional markets.
At press time, Bitcoin is trading at $64,072, with a 24-hour trading volume of $28.23 billion.
The 2-hour chart shows Bitcoin finding support near $63,500, reinforced by an upward trendline and a hammer candle formation.
Bitcoin is trading above its 50-day Exponential Moving Average of $63,540, adding to the positive outlook. The Relative Strength Index (RSI) at 50.2 also suggests neutral momentum.
While Bitcoin’s movements dominate headlines, let’s examine three alternative cryptocurrencies gaining traction and attracting investor interest.
Mantle is an innovative Layer 2 scaling solution for the Ethereum blockchain. With its optimistic roll-up technology, Mantle achieves significantly lower transaction costs and higher throughput compared to the Ethereum mainnet.
One of Mantle’s key strengths is its Ethereum Virtual Machine (EVM)
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