Welcome, Crypto enthusiasts!

Bitcoin bulls are banking on the bet that Biden drops out of the race for the 2024 presidential election.

In Today’s Blockstreet Journal:

• Bitcoin Bulls Charge Ahead

• MAGA Token Sees Rally

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🐂 Bitcoin Bulls Charge Ahead

Word On The Street: Bitcoin spiked higher at the July 19 Wall Street open amid speculation regarding the potential withdrawal of United States President Joe Biden from his reelection campaign.

The details:

• Rising more than 2.5% on the day, Bitcoin surprised market participants after previously exhibiting lackluster behavior.

• Confusion surrounded the fate of US President Joe Biden’s reelection campaign, with conflicting reports about his intentions.

• Donald Trump, his opponent, had previously sparked a crypto market rally after surviving an assassination attempt.

Why it matters: Short positions began to feel the pressure, with 24-hour cross-crypto short liquidations nearing $170 million.

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ALT COINS
🇺🇸 MAGA Token Sees Rally 

Word On The Street: MAGA (TRUMP), the leading Donald Trump-themed memecoin by market capitalization, has erased all gains made following the July 13 assassination attempt on the former United States president.

The details:

• On July 19, MAGA's price dropped by 7.20% to $6.21, nearly the same level it was at before the rally spurred by the Trump incident.

• MAGA's recent pump and subsequent dump appear to be part of an inverse head-and-shoulders (IH&S) pattern.

• As of July 19, MAGA had formed the right shoulder of the pattern and was eyeing a rebound toward its neckline resistance at around $9.50.

Why it matters: An IH&S breakout for MAGA sets the stage for a price rally toward $20.30 leading up to the US presidential election in November.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.41T, a 3.56% increase over the last day.

The total crypto market volume over the last 24 hours is $74B, which makes a 2.01% increase. The total volume in DeFi is currently $4.15B, 5.61% of the total crypto market 24-hour volume. The volume of all stable coins is now $67.99B, which is 91.88% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 54.14%, an increase of 0.30% over the day.

Global Market Metrics

As of today, the cryptocurrency market shows the following key metrics:

- Total Market Capitalization: $2.41T

- 24-hour Trading Volume: $74B

- Total Active Cryptocurrencies: 10,023

- Total Active Market Pairs: 82,174

- Active Exchanges: 792

- Bitcoin Dominance: 54.14%

- Ethereum Dominance: 17.37%

- DeFi Market Capitalization: $76.02B

- DeFi 24-hour Trading Volume: $4.15B

- Stablecoin Market Capitalization: $156.79B

- Stablecoin 24-hour Trading Volume: $67.99B

- Derivatives 24-hour Trading Volume: $618.99B

Top Gainers & Losers

🚀 Top Gainers

 💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ Sanctum Airdrop

Sanctum is airdropping 100M CLOUD tokens to users who participated in the Sanctum Wonderland airdrop campaign. Users who deposited SOL and collected EXPs are eligible for the airdrop. Eligible users have until April 14th, 2025, to claim the tokens.

Step-by-Step Guide:

1. Visit the Sanctum airdrop claim page. (VPN Required)

2. Connect your Solana wallet.

3. If you’re eligible, then you will see the number of tokens you can claim.

4. Users who’ve participated in the Sanctum Wonderland campaign and collected EXPs are eligible for the airdrop.

5. A total of 50M CLOUD were allocated for the Wonderland Campaign participants.

6. An additional 50M CLOUD were allocated for earnestness. Earnestness was determined by social contribution.

7. Eligible users will have two options for claiming the tokens: Claim immediately to receive your normal airdrop allocation or wait 14 days from the airdrop start date to receive an extra 100% bonus.

8. Users who are eligible for the Earnestness airdrop should wait 180 days for the 100% bonus.

9. Eligible users have until April 14th, 2025, to claim the tokens.

10. For more information regarding the airdrop, see this page.

Other News

Terraform Labs to reopen Shuttle Bridge, destroy LUNA tokens. These developments indicate TFL’s proactive efforts to tackle Terra’s challenges and restore trust and stability within the ecosystem.

Ryan Selkis Quits as Messari CEO Following Inflammatory Tweets. "This week was the first week in 6.5 years that my politics and rhetoric put the team in harms way," he wrote. "As such, I have decided to step aside as CEO."

EU releases crypto-asset classification tools to help firms comply with MiCA. EU regulators introduce standardized crypto-asset classification under MiCA with a new test and guidelines to ensure uniformity across the market as regulations begin to come into play.

New 'Smart Accounts' From Cosmos-Based Osmosis Enable 1-Click Trading. The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.

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