On the auspicious day of July 16, the Bittensor (TAO) token sat comfortable at a princely $438, greeting the dawn with a gentle 2% rise in just 24 hours. No doubt, in this land of crypto dreams, such gains weave tales of glory! 📈
Long-term holders took $1.96 billion (~56%) of the profit, while short-term holders took $1.54 billion (~44%). Glassnode defines long-term holders as entities that have held their Bitcoin for at least 155 days. 🕰️
It seems our crypto darling might just be in the grips of a corrective phase, like a wayward student learning the hard way that too much exuberance can lead to a trip to the headmaster’s office.
On Wednesday, lawmakers voted 215-211 in favor of a resolution to reconsider the package, which includes bills to regulate payment stablecoins, establish crypto market structure, and restrict the development of a US central bank digital currency (CBDC). That’s right, folks, they’re talking about the future of money, and it’s about as clear as mud 🌟.
In the grand theatre of currency, Bitcoin’s price, like a dearest fool, aims to seize the liquor of liquidity at the exalted figure of $120,000.
Like a phoenix rising from the ashes, Bitcoin has ascended 2.3% to the dizzying heights of $118,900. The overall crypto market cap, that great indicator of the industry’s fortunes, has increased by 1.39%. But it is the altcoins, those plucky underdogs, that have truly led the charge. Ethereum, that venerable institution, has risen a staggering 9.77%, while Solana and Dogecoin have followed close behind, up 6.25% and 7.23% respectively.
Notably, their hashrate dominance has more than doubled since January 2022 (when it stood at roughly 15%). 📈
The recent performance of Stellar has caught the attention of both retail and institutional investors, proving that this crypto is not just a pretty face. 😉
And get this, 19 out of 20 assets are trading higher. It’s like a party in the crypto world, and everyone’s invited! 🎉
SharpLink Gaming, the newfound titan of Ethereum [ETH] treasure chests, has stashed away a staggering 280,706 ETH, prancing over the Ethereum Foundation and planting flags of victory like a well-fed dog claiming its territory.
