Bitcoin MACD Preps New ATH

PLUS: Microstrategy Settles $40M

June 03, 2024 • Estimated Reading Time: 8 minutes

Blockstreet Journal
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Welcome, Crypto enthusiasts!

The 3-Day Bitcoin MACD is showing strong bullish momentum and signaling the best is yet to come for Bitcoin 😁

In Today’s Blockstreet Journal:

Bitcoin MACD Preps ATH
Microstrategy Settles $40M
Market Rundown
Top Gainers & Losers
Airdrops More News

Latest News

BITCOIN
💥 Bitcoin MACD Preps ATH

Word On The Street: Bitcoin (BTC) might be gearing up to repeat its ascent to all-time highs from March, according to on-chain analysis.

The details:

Earlier this year, Bitcoin hit new all-time highs in less than a month when a classic on-chain indicator signaled bullish momentum.
Now, the same setup appears to be unfolding, with significant implications for BTC price strength.
The last time it exited to the upside along with a green MACD, Bitcoin reached new all-time highs within weeks.

Why it matters: Sky-high price predictions are resurfacing, including a $150,000 target for 2024 by research firm Fundstrat Global Advisors. For June, traders are eyeing $85,000 or more. Consensus agrees that the most "parabolic" stage of the bull run has yet to begin.

MARKET NEWS
🤝 Microstrategy Settles $40M

Word On The Street: MicroStrategy agreed to a $40 million settlement to resolve a lawsuit accusing Saylor of evading income tax.

The details:

The lawsuit claimed that the firm helped Saylor evade over $25 million in DC income tax.
Initially, experts suggested Saylor could face up to $75 million in penalties.
In August 2022, DC sued Saylor and MicroStrategy, alleging they had not paid income taxes for at least ten years.

Why it matters: The tax fraud suit led to Saylor resigning as CEO of MicroStrategy in August 2022, 33 years after founding the firm.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.57T, a 1.15% increase over the last day.

The total crypto market volume over the last 24 hours is $85.3B, which makes a 63.12% increase. The total volume in DeFi is currently $5.68B, 6.66% of the total crypto market 24-hour volume. The volume of all stable coins is now $79.7B, which is 93.43% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.15%, an increase of 0.33% over the day.

Global Market Metrics

As of June 3, 2024, the current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2,577,646,726,858

- Total 24-Hour Volume: $85,339,507,826

- Total Active Cryptocurrencies: 10,052

- Total Active Market Pairs: 82,936

- Total Active Exchanges: 774

Dominance

- Bitcoin (BTC) Dominance: 53.15%

- Ethereum (ETH) Dominance: 17.72%

Market Segments

- DeFi Market Capitalization: $93,354,584,238

- DeFi 24-Hour Volume: $5,683,518,746

- Stablecoin Market Capitalization: $154,911,358,872

- Stablecoin 24-Hour Volume: $79,747,478,391

- Derivatives 24-Hour Volume: $686,791,005,450

Changes (24-hour)

- Total Market Cap Change: +1.15%

- Total Volume Change: +63.12%

- BTC Dominance Change: +0.33%

- ETH Dominance Change: -0.23%

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ $14 Million Nexo Airdrop

Nexo is airdropping 10,000,000 NEXO tokens to its users. Create an account at Nexo using the below referral link, complete Advanced Verification, and complete tasks like funding your account, swapping, or borrowing to collect free points. The more you engage with Nexo products, the more points you can earn.

Step-by-Step Guide:

Visit the Nexo website.
Create an account if you don’t have one already.
Submit your details and complete advanced verification.
Now visit the Nexo airdrop page.
Click on “Join The Hunt.”
Download the Nexo mobile app and log in.
Go to the reward center and opt in.
Now complete various activities like funding your account, borrowing funds, swapping tokens, and using the Nexo card.
You will earn free points depending on the tasks you complete.
New users can fund their account for the first time and become eligible for a 5x bonus multiplier.
Nexo is airdropping a total of 10,000,000 NEXO tokens in this campaign.
The tokens will be distributed depending on the number of points collected by the users.
Make sure to complete as many activities as possible to collect more points, as the campaign ends on July 7, 2024.
You can claim your NEXO tokens from the in-app rewards center between July 10, 2024, at 13:00 UTC and July 24, 2024, at 13:00 UTC.
Be sure to claim your tokens within these 14 days, as any tokens left unclaimed after this period will be lost.

Other News

GameStop rallies overnight as Roaring Kitty reveals $180M GME position. Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging in overnight markets.

Australia's First Spot Bitcoin ETF With Direct BTC Holdings to Go Live on Tuesday. Australia already has two exchange-traded products providing exposure to spot crypto assets on Cboe Australia but they do not hold bitcoin directly.

Hackers exploit Chrome plugin to steal millions from Binance accounts. The promotional plugin steals cookies from users, which hackers use to bypass password and two-factor authentication verification and log into the victim’s Binance account.

Flood of Cash from Coinbase Gives Crypto One of the Biggest Campaign War Chests. Coinbase followed Ripple and a16z in each giving a new $25 million to their political action committee, Fairshake, as the general election approaches that may shift crypto's destiny.

🫡 Thanks For Reading

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