Welcome, Crypto enthusiasts!

The Bitcoin market is becoming more bullish by the day with it testing a key metric that typically sparks 30% gains.

In Today’s Blockstreet Journal:

• Bitcoin Retests Key “STH” Trend

• Shiba Inu Drops 10%

• Market Rundown

• Top Gainers & Losers

• Airdrops More News

Latest News

BITCOIN
💫Bitcoin Retests Key “STH” Trend

Word On The Street: Bitcoin is currently battling to regain a crucial bull market trendline that it lost for the first time in nearly a year in June.

The details:

• According to on-chain analytics platform CryptoQuant, Bitcoin (BTC) is retesting the short-term holder (STH) realized price.

• STH activity is a critical reference point during bull markets, as the aggregate cost basis of this speculative cohort often forms long-term price support.

• Since the latest bull market began in early 2023, BTC/USD has only briefly dipped below the STH realized price.

Why it matters: Bitcoin's ability to reclaim and maintain key support levels will be critical in determining its next major move in the ongoing bull market.

SPONSORED BY COINLEDGER
🏦Afraid of crypto taxes?

Word On The Street: CoinLedger offers a suite of products designed to aid cryptocurrency enthusiasts on their investing journey. We know that trying to do your crypto taxes can feel overwhelming and confusing. CoinLedger was designed to be a stress-free product for any crypto investor.

The details:

• Import your crypto transactions from your wallets and exchanges.

• Watch the platform calculate your gains and losses for all your transactions — trading, staking, NFTs, or anything else!

• Once you view your transaction history, download your tax report with the click of a button.

Use this exclusive link to make crypto taxes easy!

ALT COINS
🐕️Shiba Inu Drops 10%

Word On The Street: Shiba Inu experienced a significant decline after being implicated in a hacking incident at the India-based crypto exchange, WazirX.

The details:

• On July 18, SHIB's price dropped approximately 10% to $0.00001720 following the identification of suspicious cryptocurrency movements.

• The firm reported that around $235 million worth of crypto were moved from wallets linked to WazirX, including about $100 million in Shiba Inu.

• The hacker has already converted stolen funds, including Tether (USDT), Pepe (PEPE), and Gala (GALA), into Ether using Tornado Cash, a crypto-tumbling service.

Why it matters: There is potential for the hacker to sell the remaining stolen cryptocurrencies, including Shiba Inu, for Ether.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.37T, a 0.39% decrease over the last day.

The total crypto market volume over the last 24 hours is $70.48B, which makes a 20.74% decrease. The total volume in DeFi is currently $4.54B, 6.44% of the total crypto market 24-hour volume. The volume of all stable coins is now $64.56B, which is 91.60% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.80%, an increase of 0.08% over the day.

Global Market Metrics

As of today, the current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2.37T

- 24-hour Trading Volume: $70.48B

- Total Active Cryptocurrencies: 10,022

- Bitcoin Dominance: 53.80%

- Ethereum Dominance: 17.61%

- DeFi Market Capitalization: $74.98B

- DeFi 24-hour Trading Volume: $4.54B

- Stablecoin Market Capitalization: $156.84B

- Stablecoin 24-hour Trading Volume: $64.56B

- Derivatives 24-hour Trading Volume: $580.99B

Top Gainers & Losers

🚀Top Gainers

💩Top Losers

Airdrops & More News

DAILY AIRDROP
📦️Macaron Swap Airdrop

Macaron doesn’t have their token yet but has launched a points campaign and confirmed to do an airdrop to users who collect points. Sign up for the campaign, make trades, provide LP, and do simple social tasks to earn points. Also, get 15% of the points from each referral. The earned points will be converted to tokens after TGE.

Step-by-Step Guide:

1. Visit the Macaron airdrop page.

2. Connect your wallet and change the network to Bitlayer.

3. Now click on “Verify” and verify your wallet.

4. Then, connect your Twitter and follow them.

5. Now, enter the invite code “cdeb5” to join the campaign.

6. You will get 600 social points.

7. Complete other social tasks to earn more social points.

8. Now, make trades and provide liquidity on Macaron to earn DeFi points.

9. You can use the Bitlayer bridge to bridge assets from other chains to Bitlayer.

10. Also, get 15% of the points from each referral.

11. All the earned points will be converted to Macaron tokens after TGE.

12. For more information regarding the airdrop, see this Medium article.

Other News

Bitcoin L2s help crypto miners in Asia supplement income with staking.Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.

Indian crypto exchange falls victim to $235M hack.WazirX’s Safe Multisig wallet on Ethereum was compromised, with funds moved and converted to Ether.

BlockFi to Start Interim Crypto Distributions Through Coinbase This Month.BlockFi was the first victims of the contagion caused by crypto exchange FTX’s collapse in early November 2022 and filed for bankruptcy on Nov. 28, 2022.

Biden Dropout Chances Rise to 68% After Covid Diagnosis.President Joe Biden said during an interview that if a medical condition emerged, he'd consider dropping out of the race.

🫡 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.