Welcome, Crypto enthusiasts!

XRP has been building volcano like pressure and will break out most likely before October.

In Today’s Blockstreet Journal:

• XRP Ready To Launch

• Bitcoin Reaches 40 Day High

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

ALT COINS
🧑‍🚀 XRP Ready To Launch 

Word On The Street: The XRP market is positioned for a significant price surge between now and October, driven by a potential breakout on the charts.

The details:

• XRP’s weekly chart reveals a symmetrical triangle pattern forming since early 2018

• XRP is testing the pattern’s upper trendline resistance, aiming for a breakout towards the next major resistance level around $1.

• XRP needs to surpass the $0.86 mark, a 45% increase from current prices—which has historically acted as a significant barrier.

Why it matters: The bullish technical patterns makes XRP a cryptocurrency to watch closely in the coming months.

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BITCOIN
📈 Bitcoin Reaches 40 Day High 

Word On The Street: Bitcoin’s price surged to its highest level in 40 days on July 22, reaching an intraday peak of $68,518.

The details:

• The 19.4% gain over ten days was driven by growing investor confidence in the Federal Reserve cutting interest rates in 2024.

• This bullish momentum led to the Bitcoin futures premium, a primary gauge of professional traders, reaching its highest level in five weeks.

• Traders are now questioning whether the scenario supports a rally to $72,000 despite uncertainties from the US presidential elections.

Why it matters: The latest data points to a healthy Bitcoin bull market aiming for a retest of the $72,000 level.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.43T, a 0.07% decrease over the last day.

The total crypto market volume over the last 24 hours is $87.41B, which makes a 4.15% decrease. The total volume in DeFi is currently $5.87B, 6.72% of the total crypto market 24-hour volume. The volume of all stable coins is now $72.99B, which is 83.51% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 54.41%, an increase of 0.11% over the day.

Global Market Metrics

Current State of the Cryptocurrency Market (as of July 23, 2024)

- Total Market Capitalization: $2.43T

- 24-hour Trading Volume: $87.41B

- Active Cryptocurrencies: 10,028

- Active Market Pairs: 82,266

- Active Exchanges: 794

- Bitcoin Dominance: 54.41%

- Ethereum Dominance: 17.19%

- DeFi Market Capitalization: $75.3B

- DeFi Trading Volume: $5.87B

- Stablecoin Market Capitalization: $157.76B

- Stablecoin Trading Volume: $72.99B

- Derivatives Trading Volume: $714.05B

Top Gainers & Losers

🚀 Top Gainers

 💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ Stravo VM Airdrop

StratoVM has confirmed that it will launch its token SVM and offer an airdrop to users who participate in its testnet and collect points. Connect your wallet to the testnet page and collect points. You will also receive 15% of the points from each referral.

Step-by-Step Guide:

1. Visit the StratoVM testnet page.

2. Connect your wallet and change the network to StratoVM testnet.

3. Now, enter the invite code “B01FRBBU” to access the quest.

4. Complete the daily quests in order to earn points.

5. Quests are renewed at 11 AM CET each day.

6. The more quest you do the more points you will earn.

7. Also, get 15% of the points from each referral.

8. They’ve confirmed to launch their token SVM and do an airdrop to users who participate in its testnet and collect points.

9. Also, complete the Galxe quests to earn more points. Every point you earn on Galxe will be converted 1:1 into SVM points.

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

Other News

OrdinalsBot Launches 'TokenPay' for Payments in Bitcoin-Based Tokens. The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.

Bitwise pledges 10% of spot Ether ETF profits to Ethereum developers. Bitwise launches its spot Ether ETF and pledges 10% of the profits to Ethereum developers via Protocol Guild and PBS Foundation.

Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton. Bitlayer's layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain.

Vitalik Buterin introduces Circle STARKs for blockchain efficiency. Vitalik Buterin reveals Circle STARKs, a breakthrough protocol enhancing blockchain security and efficiency through small-field cryptography.

🫡 Thanks For Reading

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