$XRP In this ongoing struggling cryptocurrency market, top crypto assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and BNB (BNB) have experienced continuous price drops. Amid this struggling situation, XRP (XRP) the most controversial token has experienced an impressive price surge of over 4% in the last 24 hours, according to the data from Coinmarketcap. 
XRP price jumps 4%, despite 63.3M tokens dump
Besides this bullish move in XRP, recently a blockchain-based transaction tracker Whale Alert made a post on X (Previously Twitter) stating that whales or institutions have moved a significant over 63.3 million XRP tokens worth $28.3 million to different centralized exchanges (CEXs) including Bitstamp and Bisto.
🚨 30,961,000
As of now, XRP is trading near $0.466 and it experienced over 4% price surge in the last 24 hours. Besides XRP’s impressive price surge, the trading volume has surged by over 55% signaling potential higher participation among traders and investors.
🚨 32,461,000
However, If we look at the performance of XRP over a longer period, it experienced over 12% price surge over the previous 7 days. Whereas, in the last 30 days, XRP has experienced a 6% price drop.
The overall market sentiment is bearish and top assets have fallen notably since June 2024. Whereas, the government of Germany is creating selling pressure in the crypto market because they have been continuously dumping Bitcoin (BTC) to the CEXs and through the potential OTC (over-the-counter).
S
elling pressure across the market 
Because of this continuous BTC dumping by the German Government, the top assets have been significantly impacted including XRP. Additionally, this continuous dump has also created extreme selling pressure in the market and this fear has reached 25, which is the lowest since January 2023.
Justin Bennett, a prominent crypto and forex trader, alerted on July 11, 2024, that Bitcoin had once again been rejected at $60,000, citing a potential “rising wedge” formation that suggests further price declines in the near future.
Besides $XRP , the overall crypto market is down by over 2% showing bearish market sentiment. Whereas, top tokens seem to be struggling including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and BNB (BNB). According to coinmarketcap, in the last 24 hours BTC, ETH, SOL, and BNB have experienced a price drop of over 0.5%, 1.26%, 2.2%, and 0.64% respectively.

$BTC  $PEPE  $SOL  After staying above $60,000 for a significant period, Bitcoin recently fell below $58,000, marking a drop of over 3.8% in the past 24 hours. This decline has caught the attention of many analysts and investors. Here’s a breakdown of the current situation and what might lie ahead for Bitcoin.


Current Bitcoin Price Dynamics
Bitcoin’s price dipped below $58,000 early on Thursday, reaching a two-month low. This drop comes amidst an unusually low volatility phase, with BTC prices previously fluctuating between $60,000 and $70,000. With increasing fear and supply in the crypto market, bearish anticipations are on the rise. Standing at the 200D EMA, the breakdown chances are significantly higher than that of a reversal as the trading volume surged 55% in the past 24 hours.
Despite this recent price dip, Glassnode’s analysis suggests that periods of low volatility are often followed by significant price changes.
Key Factors Behind the Recent Price Drop
Wise Advice, a crypto analyst, has shed light on the possible reasons behind the BTC freefall.
Mt. Gox Token Distribution
One major factor contributing to Bitcoin’s price drop is the upcoming distribution of nearly $9 billion worth of BTC by the defunct Mt. Gox exchange. With around 140,000 Bitcoins set to be distributed to creditors in July, there is a fear that these creditors might sell off a substantial portion of their BTC holdings. Given that the price of Bitcoin was approximately $600 when Mt. Gox collapsed, these creditors stand to make substantial profits, which could pressure the BTC market.
Miners Selling Off Bitcoin
Another issue is that Bitcoin miners have started to sell their BTC holdings. Since Monday, they have offloaded over $150 million worth of Bitcoin on exchanges. This selling pressure comes as daily miner revenue has decreased from $79 million to $29 million due to the Bitcoin halving event. To maintain their operations, miners are forced to liquidate their assets.
Increased Liquidations
In the past 24 hours, approximately $231.9 million worth of long positions have been liquidated. This has further exacerbated the Bitcoin price drop and created a feedback loop of declining prices and increased liquidations.
Buy-the-Dip Opportunity?
With the increasing supply, long liquidations are on the rise. Will the bearish trend result in a drop below the $56,000 level to test the psychological mark of $50,000? On-chain data provider Santiment has observed heavy sell-offs in both Bitcoin and altcoins, with prices hitting nearly two-month lows. Despite the anticipated arrival of spot Ethereum ETFs by July 15, Ethereum prices have also dipped below $3,200.
Santiment suggests that the current market conditions may pose a buy-the-dip opportunity. They recommend waiting for initial market enthusiasm to fade and for traders to become skeptical and impatient before making new investments.
Will BTC reach $50K or stay at $56K with the current decreasing rate? Share your views.
#SOFR_Spike #US_Job_Market_Slowdown #BTC☀

$LINK
Despite the bullish sentiments among large token holders, LINK's price has continued its downtrend. However, technical indicators paint a different picture. Chainlink has been proactive in meeting the growing demand for tokenized assets through its current collaboration with Fidelity International and Signum to provide NAV data on-chain. This partnership aims to offer access to real-time data and better transparency. Despite these efforts, Chainlink’s price has been struggling for a long time, raising questions about investor interest. In the last 24 hours, LINK’s price has dropped over 8%, bringing the value down to $13.27. Over the past month, it has lost more than 24% of its value. LINK has been declining for three years, struggling to regain the all-time high of $52.88 set on May 10, 2021. The best performance in the last three years was during this March rally, where the LINK price surged to a maximum of $21.42, which is less than half of its ATH.


$30 Million Investment Fails To Lift LINK Price
Despite the ongoing decline, whale activity has been consistent with these tokens. Recently, 54 new wallets holding $30 million worth of LINK tokens were created. According to Lookonchain reports, these wallets have withdrawn $2.08 million LINK ($40.28 million) from the centralized exchange Binance over a week. As LINK’s price declined, these large holders, who had not moved their holdings for weeks, snapped up the tokens recently. "This mysterious whale continues to accumulate $LINK ! They have accumulated a total of 4,556,684 $LINK ($83.6M) from #Binance via 55 fresh wallets in the past 5 days," Lookonchain tweeted on February 10, 2024. Despite strong sentiments from large investors leading to a slight recovery on July 2, where the price surged to $14.66 before entering another correction, there is strong interest from institutional investors due to Chainlink’s increasing role in blockchain interoperability.
What Do Technical Indicators Say About Recovery?
Overall, LINK is in a complete selling zone, with technical indicators like the Relative Strength Index (RSI), MACD (12,26), Highs/Lows (14), Bull/Bear Power (13), and others favoring the ongoing decline. However, a few analysts have noted the presence of a golden crossover in the hourly charts, which is a minor bullish signal among investors. Nevertheless, the presence of higher short sellers among buyers cannot be ignored, as the recovery might end abruptly. The current LINK price is close to the support point at $13.25. If the price drops below this point, the token might continue to decline. Conversely, if the price bounces back before touching the support, the next resistance lies at $14.27, which could push the price further. Some analysts have suggested that the price might recover to $16 in the upcoming days. Chainlink has built a strong reputation due to its increasing adoption and continuous upgrades, leading analysts to be optimistic about its long-term performance despite the current drop. Michaël van de Poppe, a well-known crypto analyst, has noted recurring patterns in LINK’s price charts, suggesting that the first six months are downward, followed by a bull market, indicating that good days might be ahead as we are now in the second half.
#link #links #Chainlink's

#trump #USAElection #usa #BidenCryptoCritique
In the wake of President Joe Biden's underwhelming debate performance last week, the prospects for Donald Trump, his crypto-friendly opponent, seem to have improved. Despite this political shift, Bitcoin and smaller altcoins have been trading lower than they were before the debate. Why is this happening?
Traders point to other significant market factors influencing the current trends. Key among these are the anticipated selling of Bitcoin from the bankrupt Mt. Gox exchange estate and the distribution of additional tokens, or "unlocks," from smaller digital currencies.
“There is no escaping the fundamental laws of supply and demand,” explains Spencer Hallarn, global head of OTC trading at GSR. “Between the widely anticipated Bitcoin distributions set to begin from the Mt. Gox bankruptcy estate and the slew of sizable token unlocks scheduled for the coming weeks and months, the wave of new supply staring the crypto market in the face has served as a substantial weight on prices.”
Bitcoin experienced its second consecutive day of decline, trading near its lowest levels in over a month. The largest cryptocurrency dropped as much as 3.7% to $59,623, a level not seen since May.
“The market continues to face supply overhang in a seasonally low liquidity, low volatility period,” said Shiliang Tang, president of principal trading firm Arbelos Markets. “With the German government/Silk Road/Mt. Gox Bitcoin supply overhang coupled with continued monthly unlocks in venture coins, there’s not enough fresh capital inflows to absorb this.”
Since Bitcoin’s peak in March, the market capitalization of altcoins (excluding Ether and stablecoins) has seen a significant decline. In the early days of crypto, all tokens besides Bitcoin were called altcoins because they were an alternative to the original digital currency, which still holds more than 50% of the estimated $2.4 trillion digital-asset market.
This year, many projects are unlocking portions of their tokens, meaning venture capitalists and founders can finally sell the digital assets they received years ago for investing or contributions. With the crypto market recovering from the prolonged decline of the crypto winter two years ago, many long-term investors find this an attractive time to sell. Out of 138 tokens tracked by researcher TokenUnlocks, 120 have unlocks this year, with a combined market value of about $58 billion as of last month.
Low volatility in Bitcoin and Ether has created tough conditions for altcoins, which typically thrive in moving markets. According to David Zimmerman, a DeFi analyst at K33, almost all altcoin sectors have suffered, with GameFi tokens taking a "significant hit" while AI tokens remained stagnant. This has occurred despite a spike in new token launches, averaging 250,000 new coins each month in the second quarter on Ethereum and major Ethereum-based layer-two chains.
“As majors continue to chop and pull back somewhat during this ‘low-vol summer,’ the altcoin markets have been hit relatively hard,” Zimmerman noted on Wednesday. One notable exception has been memecoins, which have grown to a $50 billion collective market capitalization. Tokens focused on the US political race and celebrities have been the biggest drivers.
A measure tracking the total crypto market capitalization without Bitcoin and Ether fell nearly 22% in the second quarter, “indicating that altcoin beta is doing exactly what it is designed to do by outperforming – only it is to the downside in this case,” Zimmerman said.
--With assistance from Olga Kharif and Benjamin Taubman.
$BTC $ETH $BNB

#AirdropGuide
As we venture deeper into the world of cryptocurrency, we encounter a myriad of ways to engage and earn. One intriguing method is through crypto airdrops. In this article, I will guide you through the basics of crypto airdrops, the types available, notable examples, and strategies to find and participate in them. Whether you are a seasoned crypto enthusiast or a newcomer, there's something valuable for everyone here.
What Are Crypto Airdrops?
Crypto airdrops are distributions of cryptocurrency tokens or coins, usually for free, to multiple wallet addresses. They serve various purposes, such as promoting new projects, rewarding loyal users, or decentralizing token ownership. When you participate in an airdrop, you receive free tokens directly into your wallet, providing an opportunity to be part of a project from its early stages.
Types of Airdrops
1. Standard Airdrops
Standard airdrops are straightforward distributions of tokens to users who meet certain criteria. These criteria could include holding a particular token, signing up for a newsletter, or simply having an active wallet.
Example: In 2017, OmiseGO (OMG) airdropped tokens to Ethereum holders. They distributed 5% of their total supply to all wallets holding at least 0.1 ETH.
2. Holder Airdrops
Holder airdrops reward users who hold specific cryptocurrencies in their wallets. Projects use this method to incentivize holding their tokens or those of a related project.
Example: Stellar (XLM) conducted a notable holder airdrop in 2018, distributing tokens to Bitcoin (BTC) holders.
3. Bounty Airdrops
Bounty airdrops require participants to complete specific tasks, such as social media promotion, joining Telegram groups, or referring friends. These tasks help increase a project’s visibility.
Example: The BitTorrent (BTT) airdrop rewarded users who completed various promotional tasks during its launch.
4. Exclusive Airdrops
Exclusive airdrops target a select group of individuals, often early adopters or loyal community members. These are typically smaller in scale but can offer significant rewards.
Example: Uniswap (UNI) conducted an exclusive airdrop in 2020, distributing 400 UNI tokens to each user who had interacted with their platform before a certain date.
Strategies to Find and Participate in Airdrops
1. Stay Informed
To find airdrops, you need to stay updated on the latest crypto news and announcements. Follow cryptocurrency news websites, join forums like Bitcointalk, and be active on social media platforms like Twitter and Reddit.
2.Join Crypto Communities
Becoming part of crypto communities on Telegram, Discord, and other platforms can provide you with firsthand information about upcoming airdrops. Community members often share tips and alerts.
3. Use Airdrop Aggregators
Websites like Airdrop Alert, AirdropKing, and CoinMarketCap’s airdrop section aggregate information about ongoing and upcoming airdrops. Regularly check these sites to stay ahead.
4. Hold Popular Cryptocurrencies
Since many airdrops target holders of popular cryptocurrencies like BTC and ETH, maintaining a balance of these tokens in your wallet can qualify you for multiple airdrops.
5. Participate Actively
Engage with projects by participating in their bounty programs, joining their social media channels, and using their platforms. Active participation increases your chances of being selected for exclusive airdrops.
Conclusion
Crypto airdrops offer a unique opportunity to earn free tokens and get involved with new projects. By understanding the different types of airdrops and employing strategies to discover and participate in them, you can maximize your gains in the crypto space. Whether they are a casual investor or a dedicated crypto enthusiast, everyone can benefit from the world of airdrops. Keep your eyes open, stay informed, and participate actively to make the most of this exciting aspect of the cryptocurrency landscape. #airdrop #airdropsguide #airdrops

#airdropsguide
In the world of cryptocurrencies, an "airdrop" is a commerce campaign when a blockchain gives away complimentary tokens or coins to the public. An airdrop is typically conducted to spread awareness of the project and to create buzz.

Airdrops in crypto are free tokens that are given to users as a way to promote a new cryptocurrency. For example, if new crypto is launching, they may airdrop tokens to users of a popular crypto wallet as a way to generate interest and awareness. People who have a specific quantity of another cryptocurrency, such as Bitcoin or Ethereum, are typically eligible for airdrops. There are multiple distinct approaches for obtaining airdrops. The most common is to simply hold the required cryptocurrency in your wallet at the time of the airdrop. Some airdrops will require you to sign up for a mailing list or complete other simple tasks. It's possible to acquire free cryptocurrency via airdrops.

Token distribution methods termed "airdrops" have become increasingly common in the cryptocurrency world. Many projects have used airdrops as a way to give away tokens to early adopters and build a community around their projects. But who founded airdrops in crypto? The first airdrop in the cryptocurrency space was conducted by the Bitcoin project. In 2013, they airdropped 50 bitcoin to people who signed up for the airdrop. This was encouraged to raise interest in Bitcoin and educate people about it. Several more projects have since carried out their airdrops in a similar manner. Some notable airdrops include Stellar Lumens, which gave away $125 million worth of their XLM tokens, and TRON, which airdropped $30 million worth of their TRX tokens. Airdrops are a great way to get people involved in a project and create a buzz around it. So if you're thinking about conducting an airdrop, make sure to do your research and plan it out carefully

The process of air dropping

There are two types of crypto airdrops. The first one is where it comes as a surprise to the user. You wake up one day to find your wallet loaded with crypto coins, and it creates a buzz as to where they came from.

The other method is pre-airdrop announcement where the blockchain based startups announce it beforehand to get the buzz going. In the majority of the cases, the primary goal is to bootstrap the project. The user may need to complete several processes before they can qualify for the airdrop.

What are the reasons for airdrops?

The cryptocurrency enterprises and wallet services may choose to reward loyal customers with cryptocurrency tokens. The main aim is to serve as an incentive for the customers to continue using the platforms.Airdrops can prove useful in creating a buzz regarding a new startup. It is a way of getting people to use the new cryptocurrency through increased user participation. Bitcoin Cash used this method to create awareness, and it became a top 10 cryptocurrency, as a result.Cryptocurrency enterprises can also use airdrops to enhance their marketing campaigns. For example, users may get promises of tokens once they fill an online questionnaire to generate leads.

You can participate in cryptocurrency Airdrops by following the rules set to make you eligible to participate and win in the event. An example is the Bitget's Super Airdrop event. This is a great way to receive free tokens and become more involved in the cryptocurrency community. Here's how you can participate:

1. Create an account on the platform offering the airdrop - In this case, you would need to create an account on the Bitget exchange platform.

2. Meet the eligibility requirements - For Bitget's Super Airdrop event, participants must hold at least 4,000 BGB tokens in their Bitget accounts prior to the opening of trading for newly listed tokens on the exchange.

3. Complete any additional requirements - Some airdrops may require additional tasks, such as following a project on social media or completing other actions to be eligible for the airdrop. For Bitget super airdrop event, you need to hold a total of 4000 BGB token for a period of 15 days prior to the listing of a new token on the exchange to qualify for Airdrop of newly listed tokens on the exchange.
4. Receive the airdropped tokens - Once you have met the eligibility requirements and completed any additional tasks, you will receive the airdropped tokens in your wallet.
It's important to note that while airdrops can be a great way to receive free tokens, there are also many scams and fraudulent projects out there. It's important to carefully research any project or airdrop before participating, and to never give out personal or sensitive information to untrusted sources.
#airdrop #airdrops #AirdropGuide #guide