Welcome, Crypto enthusiasts!

XRP saw significant cash inflows during the recent dip while Bitcoin is falsely mimicking a bear market.

In Today’s Blockstreet Journal:

• XRP Funds See Inflows During Dip

• Bitcoin Mimics 2022 Bear Market

• Market Rundown

• Top Gainers & Losers

• Airdrops More News

Latest News

ALT COINS
👀 XRP Funds See Inflows  

Word On The Street: In a surprising turn, XRP investment funds experienced significant inflows even as the cryptocurrency market faced a steep decline.

The details:

• This recovery, part of a broader trend that began on July 8, was highlighted in a report by asset management platform CoinShares.

• The report detailed that crypto funds collectively saw $441 million in inflows during a week when the market plummeted by 11.28%.

• Specifically, XRP-focused investment funds attracted $400,000 in the week ending July 5.

Why it matters: From a technical perspective, XRP's recent rise can be attributed to an oversold bounce. This is a common market reaction when an asset's relative strength index (RSI) falls below 30, indicating it is oversold.

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🏦 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.

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Just use this exclusive link to make crypto taxes easy!

BITCOIN
🐻 Bitcoin Mimics Bear Market 

Word On The Street:Bitcoin traders are experiencing significant losses reminiscent of the bear market from 2022.

The details:

• Bitcoin is encountering multiple obstacles in its path to a bull market recovery, placing substantial pressure on traders and miners.

• According to CryptoQuant, large-volume investors, commonly known as whales, have offloaded coins worth $1 billion in July alone.

• Traders are currently sitting on unrealized losses of 17%, the highest since the bottom of the last Bitcoin bear market.

Why it matters: The combination of high unrealized losses, ongoing miner capitulation, and whale distributions suggests that Bitcoin’s path to recovery may be slow.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.13T, a 0.42% increase over the last day.

The total crypto market volume over the last 24 hours is $63.55B, which makes a 9.22% decrease. The total volume in DeFi is currently $3.76B, 5.92% of the total crypto market 24-hour volume. The volume of all stable coins is now $58.5B, which is 92.06% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.35%, a decrease of 0.25% over the day.

Global Market Metrics

- Total Market Cap: $2.13T

- 24-Hour Trading Volume: $63.55B

- Active Cryptocurrencies: 10,009

- Active Market Pairs: 81,847

- Active Exchanges: 790

- Bitcoin Dominance: 53.35%

- Ethereum Dominance: 17.57%

- DeFi Market Cap: $67.77B

- 24-Hour DeFi Volume: $3.76B

- Stablecoin Market Cap: $155.62B

- 24-Hour Stablecoin Volume: $58.5B

- 24-Hour Derivatives Volume: $585.58B

Top Gainers & Losers

🚀 Top Gainers

💩 Top Losers 

Airdrops & More News

DAILY AIRDROP
📦️ Super Champs Airdrop

Super Champs is running a rewards program for its users. Sign up for the Rewards Program and complete quests to earn Quest Points. At the end of the season, use your quest points to compete for CHAMP tokens.

Step-by-Step Guide:

1. Visit the Super Champs Rewards Program

2. Sign up for the Rewards Program by connecting your Metamask and following the registration process

3. You can now complete various quests on the dashboard

4. Quests include social, gameplay, invite-based tasks and you can earn Quest Points on completion of the task and claim them from the dashboard

5. Quests are categorized Seasonal Quests, Special Limited Time Quests and Daily Quests

6. You can earn more points by holding the Genesis NFT from the Super Champs: Racket Rampage Genesis Collection

7. At the end of the season, use your quest points to compete for CHAMP tokens

Other News

Mining company TeraWulf pays off outstanding debt early. The payment will allow the company to focus on scaling operations rather than keeping up with debt obligations in the post-halving environment.

Trump's Official Republican Platform Pledges to Halt Crypto 'Crackdown'. Though not listing it as a top priority, the Republican National Committee adopted a platform that aims to boost digital assets innovation.

Circle launches euro-backed EURC on Base, enabling layer-2 forex trades. Circle announced that the new Base version of EURC is the first MiCA-compliant stablecoin for the network.

Tezos Foundation Teams Up With Baanx for Non-Custodial Crypto Card. Baanx has been working with Mastercard to deliver a range of non-custodial crypto card offerings.

🫡 Thanks For Reading

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