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- BTC Holds It’s Upward Trend
BTC Holds It’s Upward Trend
PLUS: Bitcoin Largely In Profit
Blockstreet Journal
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Welcome, Crypto enthusiasts!
Despite loosing 65K psychological support Bitcoin is still holding it’s upward trend while main traders and whales still 120% in profit.
In Today’s Blockstreet Journal:
BTC Holds It’s Upward Trend
Bitcoin Largely In Profit
Market Rundown
Top Gainers & Losers
Airdrops & More News
Latest News
BITCOIN
📈 BTC Holds It’s Upward Trend
Word On The Street: Bitcoin’s price continued its downward correction on June 18, dropping 1.41% in the past 24 hours and 6.5% over the past week.
The details:
Bitcoin fell to a one-month low of $64,237, losing the crucial support of the psychological $65,000 level.
$61 million worth of long Bitcoin positions were liquidated compared to $24 million worth of short liquidations.
Bitcoin is consolidating in an ascending wedge and highlighted the latest drop bringing the price to the wedge’s ascending trendline.
Why it matters: Despite the poor momentum led by Bitcoin, analysts remain optimistic about BTC’s recovery in the coming weeks.
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BITCOIN
🤑 Bitcoin Largely In Profit
Word On The Street: Bitcoin remains “largely profitable” despite prolonged sideways price action, according to new research.
The details:
Bitcoin (BTC) may be trading within a narrow range, but the majority of hodlers are not seeing their return on investment diminish as a result.
The latest data from statistics resource LookIntoBitcoin puts the STH cost basis at $64,000.
Why it matters: Despite seeing unrealized gains diminish, STH entities are not preparing for a mass sell-off at current prices, according to Glassnode.
Market Rundown
Fear & Greed Index
The global crypto market cap is $2.36T, a 1.33% increase over the last day.
The total crypto market volume over the last 24 hours is $76.74B, which makes a 23.38% decrease. The total volume in DeFi is currently $5.87B, 7.65% of the total crypto market 24-hour volume. The volume of all stable coins is now $71.17B, which is 92.74% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 54.30%, a decrease of 0.51% over the day.
Global Market Metrics
As of today, the cryptocurrency market exhibits the following key metrics:
- Total Market Capitalization: $2.36T
- Trading Volume: $76.74B
- Active Cryptocurrencies: 10,132
- Bitcoin Dominance: 54.30%
- Ethereum Dominance: 18.26%
- DeFi Market Cap: $74.09B
- DeFi Trading Volume: $5.87B
- Stablecoin Market Cap: $155.28B
- Stablecoin Trading Volume: $71.17B
- Derivatives Trading Volume: $598.47B
Top Gainers & Losers
🚀 Top Gainers
💩 Top Losers
Airdrops & More News
DAILY AIRDROP
📦️ GriffinAI Airdrop
GriffinAI launched an early OG-list for subscribers. They also developed their own “Contributor’s Platform” where users earn points for training their first agent. In their FAQ and documentation, they mentioned: “Earned points can be exchanged for a future airdrop.”
Their platform is easy to use and action-based. Unlike many other projects, GriffinAI does not require you to lock in funds or complete on-chain tasks, making it a low-risk airdrop. Reaching certain ranks makes you eligible for their Signature, Soulbound NFTs on Base Chain. GriffinAI handles the minting and distribution of these NFTs. Their referral program can also significantly boost your rank.
Step-by-Step Guide:
Visit the Griffin App and create an account.
Verify your email account.
Register via а referral code to get a significant boost as you climb up the ranks.
Connecting your social accounts and wallet is optional.
Pro-tip: Connect your web3 wallet. This is the only way to claim their signature NFTs. While not mandatory, these NFTs are likely valuable for the upcoming airdrop. It works flawlessly with MetaМask.
Open the News Voting page from the menu on the left of the dashboard.
Vote for the top 3 news items by liking them.
This earns you 300 points and helps train their AI agent. Do this daily.
Complete the daily check-in after voting, to get 60 points.
Checking in for 5 consecutive days gives you a 200-point bonus!
Use your referral link to invite friends and family.
Active referrals earn you many points as they climb the ranks.
Join their Discord channel for early access and advantages.
Early subscribers received bonus points, and joining Discord can give you a similar head start.
The team announced they would be launching new agents soon.
Keep a close eye on their Discord and Dashboard so you can start earning points from these as soon as they are released.
Other News
German Government Agency Moves $425M Bitcoin, Some to Crypto Exchanges. Arkham previously identified the address as belonging to the German Federal Criminal Police Office (BKA), which had seized almost 50,000 BTC from a piracy site.
SEC to drop investigation into Ethereum. The SEC’s enforcement division said it’s closing its investigation into Ethereum, though Consensys says the fight isn’t over yet.
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks. The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period.
Kraken says its being extorted following bug bounty report. The bug resulted in at least $3 million worth of stolen funds, but no user funds were endangered, according to Kraken.
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