Welcome, Crypto enthusiasts!

With uncertainty continuing to rise, Bitcoin Traders are bracing for the potential of lower prices.

In Today’s Blockstreet Journal:

• Bitcoin Traders Brace For Lows

• BTC Could Crash Again

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
😶‍🌫️ Bitcoin Traders Brace For Lows 

Word On The Street: As Bitcoin (BTC) enters the second week of July, traders are apprehensive about further price declines.

The details:

• After hitting its lowest weekly close in four months, Bitcoin has become a source of concern for bulls.

• The trading community, already surprised by recent losses, is bracing for lower levels.

• The Crypto Fear and Greed Index has retraced to levels last seen at the start of the Bitcoin bull market.

Why it matters: The market remains on edge, with traders and analysts closely monitoring upcoming economic indicators and their potential impact on Bitcoin’s price trajectory.

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BITCOIN
🙄 BTC Could Crash Again 

Word On The Street: Bitcoin (BTC) has been significantly impacted by several unfavorable events, including the ongoing repayment of 140,000 BTC to Mt. Gox creditors and the German government's persistent BTC liquidations.

The details:

• These factors raise the possibility of substantial BTC sales, leaving traders worried about further market declines after a 15% drop in the first week of July.

• Bitcoin’s weekly relative strength index (RSI) is around 45, indicating a neutral position where neither buyers nor sellers are dominant.

• Analysts suggest preparing for further declines while watching key support levels and RSI indicators for signs of a potential rebound.

Why it matters: The Bitcoin market remains in a precarious position, with potential downside risks driven by both macroeconomic factors and significant BTC liquidations.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.09T, a 0.47% increase over the last day.

The total crypto market volume over the last 24 hours is $90.54B, which makes a 61.78% increase. The total volume in DeFi is currently $5.83B, 6.44% of the total crypto market 24-hour volume. The volume of all stable coins is now $84.82B, which is 93.68% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.50%, a decrease of 0.48% over the day.

Global Market Metrics

- Total Market Cap: $2.09T

- 24-Hour Trading Volume: $91.51B

- Active Cryptocurrencies: 10,011

- Active Market Pairs: 82,027

- Active Exchanges: 790

Dominance

- Bitcoin Dominance: 53.50%

- Ethereum Dominance: 17.38%

Market Segments

- DeFi Market Cap: $65.95B

- 24-Hour DeFi Volume: $5.83B

- Stablecoin Market Cap: $155.4B

- 24-Hour Stablecoin Volume: $84.82B

- 24-Hour Derivatives Volume: $840.13B

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Goat Gaming Airdrop

GOAT Gaming recently raised $10.69 million, led by Framework Ventures and Mirana. They are running a campaign called “Road to $GOAT,” which is their pre-TGE campaign. Players can play games and complete social quests to earn GOAT points.

GOAT Gaming announced that the higher they rank on the GOAT leaderboard, the bigger the GOAT reward will be.

Step-by-Step Guide:

1. Visit the GOAT Gaming website.

2. Connect your wallet and sign the message.

3. Enter our invite code “JQE15V“.

4. Click on “Join The Event.”

5. You will get 1,000 points for using the above code to sign up.

6. Make sure to add your social account to the profile.

7. Complete various social quests to earn free GOAT points.

8. Earn more GOAT points to climb the leaderboard.

9. Content creators can also earn creator points by participating in the campaign.

10. You can also invite your friends to earn more points.

11. The points will be converted to GOAT tokens after the TGE.

12. For more details about the airdrop, visit this official announcement.

Other News

Pancake Bunny hacker siphons $2.9M of Ether through Tornado Cash. Three years after the Pancake Bunny flash loan attack, the hacker moved $3 million in ETH through Tornado Cash.

Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan. Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said.

Tether CEO advocates for localized AI models to prevent hacks. Tether CEO Paolo Ardoino responded to OpenAI’s recent hack by claiming that localized AI models are the key to ensuring independence and privacy and preventing future hacks.

Prediction Markets and Polls Both Got the French Election Wrong. Polymarket traders remain skeptical about Biden's insistence he's staying in the U.S. presidential race; will ETH fall to $2,630?

🫡 Thanks For Reading

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