Welcome, Crypto enthusiasts!

Bitcoin briefly hit 70K before correcting sharply. Bulls stay optimistic due to setting of higher lows.

In Today’s Blockstreet Journal:

• Bitcoin Bears Push Down Market

• Solana Nears Yearly Highs

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🐻 Bitcoin Bears Beat Down Market

Word On The Street: Bitcoin's price remained lower in the early hours of the July 30 Asia trading session, following a sharp rejection at resistance levels that led to a $4,000 drop in BTC's price.

The details:

• Bitcoin initially reaching $70,000 but failing to maintain that level, dropping nearly 6% within hours.

• The price drop coincided with the movement of $2 billion worth of BTC from a wallet linked to the U.S. government.

• This move contradicted recent pledges by presidential candidates to use the funds to build a strategic Bitcoin reserve.

Why it matters: This movement of BTC out of exchanges is often interpreted as a bullish sign, as it indicates holder intentions to store their assets long-term.

SPONSORED BY LEDGER
🔐 Secure Your BTC From Thieves 

Word On The Street: Hardware wallets store your private keys offline, giving you full control and enhanced security. Even if you misplace or lose your hardware wallet, you can get a new one and use your Secret Recovery Phrase to access your assets.

The details:

• Buy crypto like Bitcoin, Ethereum and more by credit / debit card and bank transfer. Also, swap or cash out your preferred coins.

• Get rewards by staking your ETH, SOL, ATOM, ADA and several other coins and tokens.

• Keep track of your crypto and NFTs, browse a wide range of services and providers, and get the best deals!

Use this exclusive link to protect your assets!

ALT COINS
👀 Solana Nears Yearly Highs

Word On The Street: The price of Solana's SOL coin is set to end July with a 30% monthly gain and appears poised to challenge its yearly high.

The details:

• Solana's TVL surged 10%, reaching $5.42 billion, which was accompanied by increased transaction volume and on-chain activity.

• Liquid staking projects Jito and Marinade have been leading protocols on Solana, with TVL increases of 40% and 30%.

• Data from Token Terminal indicates a 21% increase in daily active users and a 59% increase in weekly active users on Solana.

Why it matters: SOL's price action currently shows bullish momentum, with the community expecting a retest of its yearly high at $210.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.4T, a 3.12% decrease over the last day.

The total crypto market volume over the last 24 hours is $78.24B, which makes a 35.10% increase. The total volume in DeFi is currently $4.1B, 5.24% of the total crypto market 24-hour volume. The volume of all stable coins is now $71.25B, which is 91.06% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 54.86%, a decrease of 0.67% over the day.

Global Market Metrics

As of today, the global cryptocurrency market is in the following state:

- Total Market Cap: Approximately $2.40 trillion USD

- Total Market Volume: Around $78.24 billion USD

- Bitcoin Dominance: 54.86%

- Ethereum Dominance: 16.80%

- DeFi Market Cap: Approximately $72.51 billion USD

- Stablecoin Market Cap: Approximately $157.81 billion USD

- DeFi Volume: Around $4.10 billion USD

- Stablecoin Volume: Approximately $71.25 billion USD

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Blackwing Airdrop

Blackwing has raised $4.5M in funding from investors like Hashed and Aptos has launched an XP campaign. Users who deposit tokens will earn XP in the form of BXP. Get 10 BXP for each referral who signs up with your link and deposits at least $10. You’ll also receive an additional 10% of the BXP earned by each referral. They’ve confirmed to do an airdrop to users who collect BXPs.

Step-by-Step Guide:

1. Visit the Blackwing airdrop page.

2. Connect your Twitter, enter your email and join their Telegram group. (Up to 60 BXP, Optional)

3. Connect your wallet and change the network to Ethereum, Arbitrum or Binance Smart Chain.

4. Now click on “Deposit” and deposit supported tokens.

5. Blackwing currently supports WETH, USDC, sUSDe, rswETH, eETH, rsETH, weETH, ezETH, WETH, USDC, weETH and ezETH.

6. You will start earning XPs in the form of BXP for depositing tokens.

7. Also, get 10 BXP for each referral who signs up with your link and deposits at least $10.

8. You’ll also receive an additional 10% of the BXP earned by each referral.

9. They don’t have their token yet but have confirmed that they will do an airdrop to users who collect BXPs.

10. For more information regarding the BXP campaign, see this page.

Other News

US national debt passes $35T — 5 Things to know in Bitcoin this week. Bitcoin bulls demand a rematch with final resistance below all-time highs to start the week as BTC price upside puts $70,000 back in play.

DePIN Can Rebuild the Grid From the Bottom Up. As the U.S. electricity grid struggles with wide scale outages, crypto-powered demand response programs can save customers billions.

Hacker gets 3.5 years prison for $900K Coinbase login scam. A UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s alleged crypto “Ponzi” funded his lavish lifestyle, and Washington DFI flags the latest potential crypto fraud.

Dash Unveils New Sidechain, Monad-Based Kuru Raises $2M. The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 25-31.

🫡 Thanks For Reading

SPONSOR US
Get your product in front of over 10k+ Investors

Our newsletter is read by thousands of professionals, investors, developers, and business owners around the world. Get in touch today.

FEEDBACK

If you have specific feedback or anything interesting you’d like to share, please let us know by replying to this email.