👀 Bitcoin Eyes Mt Gox Recovery Amid Warning On $BTC Price Drop To $58,000
BTC price attempts to stabilize as traders warn of possible return below Bitcoin buying support at $60,000.

🚨Altcoins are expected to experience a very strong bullish expansion in the coming months #Bitcoin Dominance - Monthly 🚀

According to the data, Bitcoin experienced its largest decline of -26% compared to the ATH of the current cycle.
However, this is nothing compared to the previous correction levies of the bull market:
⚫ Genesis to 2011: -49%
⚫ 2011 to 2013: -71%
⚫ 2015 to 2017: -36%
⚫ 2018 to 2021: -63%

In all cycles, between 550 and 600 days of the bottom of the bear market is an interesting moment.

Today, exactly 8 years ago, the second Bitcoin halving took place, reducing the block reward from $25 to $12.5 BTC.
The next halving event is expected to occur in April 2028. Happy halving birthday to all!

The market rebounds, but trading volume alone may not be enough to reveal changes in a trend. Overall volumes have been down for some time and the prevailing thinking is that volume is down because there is more risk.
The market is currently very volatile on both sides, I recommend being patient.

🚨 Bitcoin “double top” price risks – 5 things to know this week:
📉 Bitcoin’s weekly close at a 4-month low sparks fears of further price declines.
😱 Crypto Fear & Greed Index delves into “extreme fear.”
🐳 Many investors, including Whales, are now underwater on its funds.
🧐 Upcoming CPI, PPI data and Fed Chair Powell's testimony can influence market trends.
“There is a slight panic in the market due to small-scale sales of Mt.Gox/Govt coins, but no one is talking about the unrealized losses of STH whales, which currently stands at 218,000 BTC. I have no idea what will happen to the market if they lose their cool. »

July 8, 1853
Commodore Perry arrives in Japan
On July 8, 1853, Commodore Matthew Perry brought to the Emperor of Japan a message of friendship from American President Franklin Pierce. In fact of friendship, it is an injunction to submit.
Will the Japanese, who had previously kept away from the affairs of the world, allow themselves to be subjugated as, before them, the Chinese and most other peoples of Asia?...

The 5 best memecoins have all fallen by two digits in the last 24 hours.

July 1, 1867: Birth of modern Canada
On July 1, 1867, Canada was born in its current form.
On this day, Queen Victoria signed the British North America Act (BNA Act) into law.
This text resulting from the Charlottetown and Quebec conferences lays the foundations of the current Canadian Federation with a federal Parliament and a central government in Ottawa.
In memory of the founding act of current Canada, July 1 has become the day of the Canadian Federation...

Circle, the issuer of USDC and EURC, has registered as an electronic money institution (EMI) in France, becoming the first global stablecoin issuer to comply with the markets' regulatory framework EU Crypto-Assets (MiCA).
MiCA, which the EU adopted last year, is the world's first comprehensive law specifically governing how crypto companies should operate.

🟠 13 years ago, Bitcoin was trading below a dollar. Today it is over 60,000.
Do you have what it takes to HODL for +15 years?
I hope you will.

Bitcoin Market Update: Bull Trap or Bull Run?
🧐 BTC/USD has shown resilience, suggesting that recent declines below $60,000 may have been bear traps.
🚀 Critical resistance at $64,000, which includes the 21-week moving average and short-term holders' cost basis, remains the main obstacle.
🇺🇸 Upcoming US unemployment data and Fed Chairman Powell's speech could inject volatility into the market.
⚡️ Despite a drop in the hash rate, the reduction in selling pressure from miners suggests an improvement in profitability conditions.
💰 The Crypto Fear and Greed Index is rising, indicating a shift from fear to greed among investors.

Hawaii stipulates that digital currency companies no longer need the state's currency issuer license to do business and can continue trading as an unregulated business.

🎁Here are the Top 5 TF Crypto in the DePin sector:
🥇Render Network (RNDR)
🥈Golem Network (GLM)
🥉JasmyCoin (JASMY)
4️⃣Phala Network (PHA)
5️⃣Nosana (NOS)
⚠️Do not invest blindly, always wait for consistent entry points⚠️

Will the $60,000 BTC support be held?
📉 Bitcoin reaches $62,000, testing $60,000 support before the monthly close.
🇺🇸 Applications for unemployment benefits in the United States, second-quarter GDP and PCE indices could shake the market.
🐳 Whales buy the dip - are they preparing for a rebound?
💰 The Fed’s liquidity alludes to a possible rebound of the BTC.
🧐 The index of fear and greed is approaching the lowest of 2024 - will fear trigger a rally?

🚨FLASH - The European Commission is preparing to open excessive deficit procedures in several countries 🇪🇺
We will have to pay attention to the cases of France and Italy who have very degraded finances.
This will require significant adjustments

While the U.S. dollar retains its position as the main global reserve currency, its share of global foreign exchange reserves has decreased steadily over the last two decades, rising to around 58% compared to 71% in 2000.
This change is fuelled by factors such as the relative economic decline of the United States, dollar-based sanctions, the increase in alternative reserve currencies and the emergence of innovative financial instruments such as China’s digital yuan.
The demand for gold, which is free from the risk of sanctions, is increasing by central banks. Gold reserve assets are approaching the highest level since the Second World War, although gold as a share of reserves remains historically low.

We are currently here with the alcoins, load your wallets soon it will take off.

He lost $202000 in a few minutes because of the leverage.

We will keep saying to pay attention to the leverage effect.