Welcome, Crypto enthusiasts!

Bitcoin sellers have reach max exhaustion meaning the second leg of the Bitcoin bull market is finally here.

In Today’s Blockstreet Journal:

• Bitcoin Sellers Exhausted

• XRP Gets Whale Boost

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
😮‍💨Bitcoin Sellers Exhausted

Word On The Street: Bitcoin's price is experiencing "near-term sell-side relief" as it surpasses $65,000, according to on-chain data from Glassnode.

The details:

• Bitcoin's price has surged more than 20%, rising from a low of $56,616 on Friday, July 12, to an intraday high of $65,210 on July 16.

• Historically, large entities such as miners and institutions have been primary sources of sell-side pressure.

• A sustained period of inflows across all ETFs in recent days has also contributed to the relief in Bitcoin markets.

Why it matters: Strong institutional demand over the past week appears to have counteracted the supply from the German government, leading to a rebound in Bitcoin’s price.

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ALT COINS
🐳XRP Gets Whale Boost

Word On The Street: XRP has outperformed the broader cryptocurrency market rally over the past 24 hours, reaching a three-month high.

The details:

• This surge is attributed to its relatively underbought status on yearly timeframes and renewed interest from large whales.

• XRP's price jumped nearly 7% to $0.618, its highest level in three months, despite ongoing sell-off fears.

• A bullish pennant pattern, forming over seven years on XRP’s price chart, has caught the attention of crypto analysts.

Why it matters: XRP has shown strong performance, driven by renewed retail and institutional interest, along with positive technical indicators.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.38T, a 1.68% increase over the last day.

The total crypto market volume over the last 24 hours is $88.68B, which makes a 8.45% decrease. The total volume in DeFi is currently $5.16B, 5.82% of the total crypto market 24-hour volume. The volume of all stable coins is now $81.47B, which is 91.87% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.82%, an increase of 0.03% over the day.

Global Market Metrics

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

- Total Market Capitalization: $2.38T

- 24-hour Trading Volume: $88.68B

- Total Active Cryptocurrencies: 10,011

- Bitcoin Dominance: 53.82%

- Ethereum Dominance: 17.43%

- DeFi Market Capitalization: $76.08B

- DeFi 24-hour Trading Volume: $5.16B

- Stablecoin Market Capitalization: $156.56B

- Stablecoin 24-hour Trading Volume: $81.47B

- Derivatives 24-hour Trading Volume: $726.87B

Top Gainers & Losers

🚀Top Gainers

💩Top Losers

Airdrops & More News

DAILY AIRDROP
📦️Swords & Dungeons Airdrop

Swords & Dungeons has recently raised $5M in funding from Mirana, QimingVC, OKX Ventures, Mask Network and many others. They are currently running a lucky wheel campaign and a Zealy Quest for their users.

Complete various social tasks and invite your friends to earn free XP. Participants will receive free GOLD tokens.

Step-by-Step Guide:

1. Visit the Swords & Dungeons Lucky Wheel Campaign page.

2. Connect your wallet and Discord account.

3. Spin the wheel to earn free XP and other rewards.

4. Check in daily to earn 200 XP.

5. Visit their Zealy quest page.

6. Sign up and complete various tasks to earn free XP.

7. Invite friends to earn more XPs.

8. They’ll also be launching a battle pass NFT on July 23rd, which will activate exclusive missions.

9. 5,000,000 GOLD tokens are assigned for this airdrop round.

Other News

Worldcoin faces ‘scam’ allegations after extending token lockup by 2 years.The eyeball-scanning human identification project Worldcoin faces allegations of price manipulation and scam a day after the project delayed unlocking 80% of its native token.

Grayscale Launches Artificial Intelligence-Focused Crypto Fund; AI Tokens Gain.The Grayscale Decentralized AI Fund includes the native tokens of AI-focused blockchain protocols such as Near (NEAR), Render (RNDR), Bittensor (TAO), Filecoin (FIL) and Livepeer (LPT).

Over 36% of Mt. Gox Bitcoin distributed to creditors, but whales keep accumulating.Bitcoin whales continue accumulating, despite the potential sell pressure from Mt. Gox creditors, which could see 99% of investors selling.

Hong Kong to Prepare Stablecoin Legislation as Public Consultation Ends.Hong Kong authorities plan to introduce a bill into the Legislative Council before year-end.

🫡 Thanks For Reading

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