Welcome, Crypto enthusiasts!

For those familiar with T+6 (Power Law) and it’s relationship to Bitcoin means we are looking at 300% gains by 2025.

In Today’s Blockstreet Journal:

• Bitcoin’s ‘Power Law’ Creates Wealth

• Vital BTC Bull Indicator Returns

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🏦 Bitcoin’s ‘Power Law’ Creates Wealth 

Word On The Street: Bitcoin has about three months until the bull market resumes, but significant gains of up to 300% are projected by 2025.

The details:

• The power law provides a lower BTC price support band that has held since BTC/USD was valued at just $1.

• Additional "time contours" offer further price insights, with a projected $1 million target for 2036.

• While the short-term outlook for Bitcoin may seem bearish, the long-term potential remains strong, with significant gains expected by 2026.

Why it matters: By comparing past price actions with the current four-year cycle, Apsk32 suggests that the ongoing 25% drop from March’s $73,800 all-time highs fits within expected patterns.

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Word On The Street: Since its launch in 2015, Changelly has established itself as a premier instant cryptocurrency exchange, serving millions and facilitating quick crypto transactions for over 2.6 million users monthly. Partnerships with industry leaders like Binance and secure wallets such as Trezor and Exodus, along with dedicated 24/7 Support team, enhance service and ensure user satisfaction.

The details:

• Changelly Let’s Users Easy Swap Assets Across Chain With No KYC, Simple use an email & that’s it!

• Instant swap platform that allows you to exchange over 170 cryptocurrencies in 15 minutes.

• Changellly enables cryptocurrency purchases with your credit card, bank transfer, or Apple Pay. 160+ fiat currencies.

Trade crypto with no KYC 👻 

BITCOIN
😲 Vital BTC Bull Indicator Returns 

Word On The Street: BTC/USD traded up 1.5% on the day, prompting some market observers to feel cautiously optimistic.

The details:

• “Bitcoin is showcasing some initial signs of stability after the crash,” commented popular trader and analyst Rekt Capital on X.

• “This Downtrend will be challenged if the Bullish Divergence plays out,” he added.

• Trading firm QCP Capital noted an increase in "speculative" trading behavior in its latest bulletin to Telegram subscribers.

Why it matters: The long term bullish momentum of Bitcoin is still in-tact.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.11T, a 2.50% increase over the last day.

The total crypto market volume over the last 24 hours is $70.51B, which makes a 23.84% decrease. The total volume in DeFi is currently $4.73B, 6.71% of the total crypto market 24-hour volume. The volume of all stable coins is now $66.15B, which is 93.81% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.60%, an increase of 0.16% over the day.

Global Market Metrics

- Total Market Cap: $2.11T

- 24-Hour Trading Volume: $70.51B

- Active Cryptocurrencies: 10,002

- Active Market Pairs: 81,833

- Active Exchanges: 790

- Bitcoin Dominance: 53.60%

- Ethereum Dominance: 17.42%

- DeFi Market Cap: $66.54B

- 24-Hour DeFi Volume: $4.73B

- Stablecoin Market Cap: $155.56B

- 24-Hour Stablecoin Volume: $65.15B

- 24-Hour Derivatives Volume: $610.65B

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Units Quest Airdrop

Units has launched a campaign for the project’s community, with an early bird prize pool of $100k in UNIT0 tokens. The prize pool will be increased in the future so everyone can participate and earn.

The Units Community Campaign consists of 2 main parts: on-chain tasks (Units testnet) and tasks on the project’s social networks in Zealy.

Step-by-Step Guide:

1. Visit the Units Quests page.

2. Connect your wallet and X account.

3. Now make transactions and use the faucet to get free points.

4. You can also invite your friends to earn free points.

5. Now visit the Units Zealy quest page.

6. Connect to Zealy with your email address or Discord.

7. You will earn free points for completing various social tasks.

8. Complete more tasks and climb the leaderboard.

9. Units has allocated $100,000 UNIT0 tokens for early birds.

Other News

German gov’t prepares for next $276M BTC sell-off. The German government moved 3,100 BTC worth $178 million in one hour, with more sell-offs likely imminent.

Sam Altman’s Layer-2 Blockchain Project, World Chain, Opens to Developers. This means that select developers can apply to build, test, and give feedback to Tools For Humanity, the developer firm behind Worldcoin, according to a press release shared with CoinDesk.

US Senate recommends blockchain for national security tests. The US Senate Committee on Armed Services urges the Department of Defense to explore blockchain for national security applications, including supply chain management.

Ether ETF Fee Race Begins as Invesco Reveals 0.25% Charge, Slightly Higher Than VanEck. Asset manager VanEck previously disclosed that it would charge a 0.20% management fee for its fund.

🫡 Thanks For Reading

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