Welcome, Crypto enthusiasts!

Hedge Funds & Traders are becoming more bullish as Donald Trumps chances of being president went up after his assassination attempt.

In Today’s Blockstreet Journal:

• Hedge Funds Bullish On Bitcoin

• SOL Gets Boost From Trump

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🏦 Hedge Funds Bullish On Bitcoin 

Word On The Street: Bitcoin remains above $60K as it enters the third week of July, experiencing a sentiment turnaround with a 10% gain since July 12.

The details:

• Recent geopolitical developments over the weekend have contributed to Bitcoin’s gains.

• The price has formed a foundation for further upside, with market participants now focusing on identifying true support levels.

• Hedge fund trader Josh Man expects the bullish trend to start in August 2023, with a price target above $73,800 before August.

Why it matters: Research firm Santiment suggests that geopolitical events will continue to influence market reactions throughout 2024, with a bullish bias linked to Donald Trump’s candidacy.

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ALT COINS
🇺🇸 SOL Gets Boost From Trump 

Word On The Street: Trump's chances of winning the November US presidential election have risen to 71% as of July 15, up from 62% at the beginning of the month, according to the prediction platform Polymarket.

The details:

• A Trump victory might signal a shift away from the strict regulatory stance taken by the US Securities and Exchange Commission.

• A Donald Trump win may particularly benefit cryptocurrencies like Solana, which are waiting for ETF approvals.

• Analyst Lark Davis predicts that SOL's value could increase ninefold following the approval of a spot Solana ETF.

Why it matters: This could lead to more crypto-friendly regulations in the US, potentially benefiting coins like Solana that are awaiting approval for their spot exchange-traded funds (ETF) applications.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.31T, a 4.84% increase over the last day.

The total crypto market volume over the last 24 hours is $68.67B, which makes a 30.13% increase. The total volume in DeFi is currently $4.05B, 5.90% of the total crypto market 24-hour volume. The volume of all stable coins is now $62.87B, which is 91.55% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.87%, an increase of 0.20% over the day.

Global Market Metrics

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

- Total Market Capitalization: $2.31T

- 24-hour Trading Volume: $68.67B

- Total Active Cryptocurrencies: 10,001

- Bitcoin Dominance: 53.87%

- Ethereum Dominance: 17.55%

- DeFi Market Capitalization: $73.21B

- DeFi 24-hour Trading Volume: $4.05B

- Stablecoin Market Capitalization: $155.92B

- Stablecoin 24-hour Trading Volume: $62.87B

- Derivatives 24-hour Trading Volume: $652.19B

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Mocaverse Airdrop

Mocaverse is airdropping free MOCA tokens to users who participated in the airdrop campaign or held a Moca or Lucky Neko NFT. Users who participated in the airdrop campaign and earned at least 1,500 Realm Points (RP) are eligible for the airdrop. Eligible users must register for the airdrop by July 29 at 4 AM UTC to receive the Round 1 $MOCA airdrop.

Step-by-Step Guide:

1. Visit the Mocaverse airdrop claim page.

2. Login with your account.

3. Link a new wallet or confirm the linked giveaway wallet address.

4. The first registration ended on July 11, 4 AM UTC.

5. You can still register by July 29 at 4 AM UTC to receive the Round 1 $MOCA airdrop. Otherwise, it will be forfeited.

6. Your MOCA will then be automatically staked for you. To withdraw, simply unstake to claim.

7. Users who’ve participated in the airdrop campaign and earned at least 1,500 Realm Points (RP) are eligible for the airdrop.

8. Users who do not unstake their Round 1 Moca ID Airdrop and continue to earn RP points will also be eligible for Round 2 airdrop.

9. Users who held 1 Moca or Lucky Neko NFT are also eligible for the airdrop. Eligible users can claim it from here.

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

Other News

Internet Computer Protocol promotes blockchain engagement in Africa. ICP’s DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts. Thursday’s CPI report showed that prices declined on a monthly basis for the first time since March 2020, spurring hope that the Fed will finally cut rates.

Tornado Cash developer Alexey Pertsev denied bail. Pertsev will now spend the next year in prison while his lawyers prepare an appeal for money laundering charges.

Trump's Odds of Victory Hit All-Time High on Polymarket After Shooting. The former president, who was injured at a rally in Pennsylvania on Saturday, now has a 70% chance of retaking the White House, according to traders on the crypto-based prediction market. Trump-themed Polifi tokens and crypto broadly also rose.

🫡 Thanks For Reading

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