Rope Drawer War in Bitcoin: Bulls and Bears Fight! 🐂🐻

Popular crypto analyst Willy Woo has identified an ongoing power struggle between demand and supply in the Bitcoin ecosystem. Woo thinks that three bull and two bear factors will determine the price of BTC.

Taurus Factors:
- Miner capitulation is over and hash rate is recovering.
- Puell Multiple is an important indicator that measures miners' profits.
- Global liquidity increase supports BTC's rise.

Bear Factors:
- Mt. Coins from Gox enter spot exchanges.
- Potential impact of spot Ethereum ETFs in the US.

Do you think BTC will reach $77,000? Let's discuss in the comments! 🚀💬

ETF Storm in Ethereum! 🌪️

- 9 major financial institutions launched spot ETH ETFs and attracted attention with a transaction volume exceeding $ 1 billion on the first day. 🚀
- Although prices dropped at first, analysts are bullish for ETH.
- RSI and open interest data show that ETH may experience increased volatility.

What do you think about the future of ETH? Let's meet in the comments! 💬

Mt. New Moves from Gox! 💸

- Mt. Gox's wallet moved $2.47 billion worth of Bitcoin (BTC) to an unknown address. 🕵️‍♂️
- According to blockchain intelligence platform Arkham, 32,371 BTC was transferred at 04:46 in the morning.
- In the last two weeks, Mt. Gox's rehabilitation authority makes distributions to creditors by sending BTC to exchanges such as Kraken and Bitstamp.
- Kraken bought $3.1 billion worth of BTC and Bitcoin Cash (BCH) and started distribution. Bitstamp is still completing the process.
- Mt. Gox wallet still has around 90,344 BTC, worth $5.99 billion!

Share your thoughts in the comments! 💬

📢 Ethereum ETFs on their First Day in the USA! 📢

- Spot Ethereum ETFs began trading in the US for the first time on July 23. 🎉
- Grayscale's Ethereum Trust (ETHE) lost $484 million on its first day. 😱
- Due to the high 2.5% fee, investors are turning to funds with more affordable fees.
- Grayscale launches Ethereum Mini Trust (ETH) with $1 billion AUM and 0.15% fee; It debuted $15 million on the first day.
- In total, nine ETF providers saw inflows of $106 million.
- BlackRock's ETHA fund is the leader with $266.5 million, Bitwise ETHW entered $204 million.
- Fidelity FETH fund follows with $71 million.

Share your thoughts in the comments! 💬

Layer 2 network Base, Coinbase's incubation project, is experiencing a large increase in the number of daily active users. It broke a record with 1,220,883 active addresses on July 22! 🚀

- Arbitrum was left behind with 494,214 addresses and Optimism with 445,222 addresses.
- Base's TVL value recovered after the decline in early July and exceeded $7.3 billion.
- Crypto donation platform for US politicians is also online! You can donate with more than 240 crypto assets. 💸

What's happening in the crypto world? Let's meet in the comments! 👇

US Government Transferred 58,742 BTC to Coinbase! 🚀

- The US government transferred 58,742 BTC (about $4 million) to Coinbase.
- These BTCs were seized from Ryan Farace, who sold Alprazolam in 2018.
- Ryan and his father, Joseph Farace, were convicted of laundering Bitcoin proceeds.
- DOJ recovered a total of 2,933 BTC from father and son and plans to liquidate it this year.
- This sale is not expected to affect the market price much. 💸

Share your thoughts on this topic in the comments! 👇

Crypto Tax Remains the Same in India: Are Everyone Smiling? 🤔

- Indian Finance Minister Nirmala Sitharaman made no changes to crypto taxes in the 2024/25 fiscal year budget.
- 1% TDS rate and 30% income tax continues on crypto transactions.
- Long-term capital gains tax increased from 10% to 12.5%, and short-term from 15% to 20%.
- Removal of angel tax could attract Web3 startups.
- The Indian crypto industry expects tax cuts in the future depending on international developments.

How do you think this decision will affect the crypto market? Let's meet in the comments! 🚀💬

Bitcoin miners are profitable again! 🎉

- Miners are in the green zone again, thanks to the great recovery that BTC experienced last week.
- On-chain data shows that miners have stopped selling BTC in order to maintain machine upgrades and operations.
- According to the Bitfinex Alpha report, miners have been making losses since the Bitcoin halving in April.
- Miner Profitability Sustainability metric increased, which will stabilize their financial position.
- BTC rose 28% to $68,560, indicating a strong bullish sentiment in the market.

Share your thoughts in the comments! 📈💬

US Presidential Elections and Bitcoin: Trump or Harris? 🎢

- US presidential elections are approaching and Joe Biden has withdrawn from the race. Kamala Harris and Donald Trump are neck and neck, each with 44% support.
- Can Trump blow BTC with his crypto-friendly attitude? 🤔
- If Harris wins, will the BTC price drop? We asked ChatGPT: "With a balanced regulation, BTC investors could benefit."
- Who do you think wins, the crypto world will be brighter? Let's meet in the comments! 💬
#Bitcoin#Election2024 #CryptoFuture

Spot Ethereum ETFs Are Coming: Is the Market Ready? 🚀

- After weeks of regulations, several spot Ethereum ETFs have been approved and will begin trading on Tuesday.
- Kaiko stated that inflows from spot ETFs could make the Ether price "sensitive".
- Demand for futures-based Ethereum ETFs launched in the US last year remained low.
- The market may be expecting a "sell the news" effect. 😅

How do you think the Ether price will be affected? Let's meet in the comments! 👇

Robert Kiyosaki, author of the book "Rich Dad Poor Dad" predicts Bitcoin will be $105,000 in August 2025! 😲 This prediction will be valid if Donald Trump is elected president.

- Kiyosaki stated that Trump's goal of weakening the US dollar will increase the BTC price.
- The weakening of the dollar will increase exports and create local job opportunities.
- It is thought that Trump will focus on oil drilling and this will encourage investment in assets such as BTC, gold and silver.

Do you think Bitcoin can reach these levels? Share your opinions in the comments! 🚀💬

Bitcoin Blinks to 67K Again, Altcoins Are Flushed! 🚀

Bitcoin has had a very active past week. It fell below 65K and fell to 63K. But what did he do? It jumped to $67,500 on Friday evening and Saturday morning! 🎢

- Joe Biden's withdrawal from the 2024 elections first dropped BTC by 2 thousand dollars, then jumped to 68K.
- Now it is hovering around 67K. Its market value is 1.320 trillion dollars, its dominance against altcoins is 51.7%.

Altcoins are in the red! AVAX, DOT, INJ and ADA lead the way. Ethereum is stable around $3,500 as it awaits the launch of spot ETFs.

Share your thoughts in the comments! 💬

Although the Shiba Inu (SHIB) price has fallen 9% in recent weeks, promising developments are on the way! 🐶🔥

- **Burn Rate**: The SHIB team introduced the burn mechanism in 2022 to reduce the circulating supply. 60 million tokens were burned in the last 24 hours, which is a 500% increase!

- **Exit from the stock exchanges**: SHIB has been withdrawn from the stock exchanges in the last 30 days. This can positively affect the price by reducing selling pressure.

- **Open Positions**: Last week, SHIB's open positions exceeded 30 million dollars. This means increased participation and potential price movement in the market.

- **Shibarium Advances**: Shibarium improves the ecosystem by reducing transaction costs and increasing speed and scalability.

Share your thoughts in the comments! 🚀💬

📢 Hong Kong Introduces Asia's First Bitcoin Inverse ETF! 🎉

- On July 23, Hong Kong will launch Asia's first Bitcoin inverse ETF with CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK).
- This new ETF offers an opportunity for investors who want to profit from declines in the price of Bitcoin.
-The starting price will be around HKD 7.8 and will closely track the daily reversal performance of the S&P Bitcoin Futures Index.
- "We have a 99% market share in leveraged and inverse products in Hong Kong," said CSOP CEO Ding Chen.

💬 Share your thoughts in the comments! What do you think about the future of Bitcoin?

📈 Activity continues in the crypto world! Last week, investments in digital asset products reached $1.35 billion. A total of 3.2 billion dollars were invested in the last three weeks. 🚀

- Bitcoin became the favorite of investors with an inflow of 1.27 billion dollars.
- Short bitcoin ETPs experienced an outflow of $1.9 million. Are the bears retreating? 🐻
- Ethereum became the most invested altcoin of the year with an inflow of 45 million dollars.
- Solana, Litecoin, Chainlink, XRP and Cardano also attracted investment.

Share your thoughts in the comments! 💬

🚀 XRP is on the Rise! 🚀

- Ripple's XRP is up 40% in the last two weeks, currently trading above $0.60.
- Analysts predict the price could rise to $8 or more. 💸
- Daily transaction numbers and open positions are on the rise, indicating strong market participation.
- Although some investors are cautious, there are those who think that XRP is on the verge of a major bull run.
- Do you think XRP can reach $8? Let's discuss in the comments! 👇
#XRP#Cryptocurrency#Blockchain#Investment

Bitcoin is on the Rise: 93% Address is in Profit! 🚀

- Bitcoin delighted investors by rising to $67,000. Most BTC addresses are greenlit! 🌿
- According to the tweet from IntoTheBlock, 93% of BTC addresses are back in profit. This shows that the bull season in the market continues.
- BTC increased by 20% from $56,000 to $67,000 since July 12. It even hit $68,400 for a short time.
- When the German government's BTC sales stopped, the market recovered and BTC increased by 9%.
- The number of addresses holding 1,000 or more BTC is at a two-year high.
- Demand for Bitcoin ETFs in the US is also increasing; There has been $1.24 billion in positive flows in the last 11 days.

Share your thoughts in the comments! 💬

Bitcoin is breaking new records! 🚀

- In recent weeks, BTC price has been rising rapidly and testing the $68K level.
- On the daily chart, it recovered from the $56K support level and regained $60K and $65K.
- RSI indicates strong bullish momentum. New records may be on the way!

4-Hour Chart:
- The price is constantly making higher highs and lows.
- However, there is a bearish divergence with the RSI. There may be a correction in the short term.

Share your thoughts in the comments! 📈💬

Source: TradingView, CryptoQuant

Cat Themed Meme Coins Are at the Top! 🐱🚀

- Cat-themed meme coins surpassed Dogecoin (DOGE) and Shiba Inu (SHIB)! MEW (Cat in a Dogs World) increased by 40% in the last 24 hours, exceeding $0.008 and its market value exceeded $700 million.

- Other cat coins are also in flight: Wen (WEN), MANEKI (MANEKI), catwifhat (CWIF), Catcoin (CAT) and many more!

- Popcat (POPCAT) has declined a bit, but is still strong.

- Dog coins are also in green, but cats stole the scene this time. 🐶

Do you think cat coins are the new trend? Let's meet in the comments! 💬

Ethereum is 10 Years Old: Blockchain Revolution! 🎉

- Ethereum turned the blockchain world upside down in 10 years. In the early days, you could buy 2000 ETH with 1 BTC, but now 1 BTC is only 20 ETH! 😲
- With its Proof-of-Stake (PoS) and Layer 2 solutions, Ethereum became the cornerstone of the Web3 ecosystem.
- 4.3 million ETH was burned for gas fees and more will be burned through blob transactions.
- The staking mechanism provides economic security of $100 billion with DeFi and restaking.
- 5 spot Ethereum ETFs launch on CBOE on July 23. Which one would you prefer? Share in the comments! 💬
#Ethereum#Blockchain #Crypto