Crypto news

Corporate treasury buying could do wonders for sentiment, sending HYPE soaring past its $50 resistance level. 🌕

As it stands, around $593 billion worth of BTC teeters precariously on the edge of vulnerability, like an unbalanced plate at a lively dinner party. 🍽️

Ah, the audacity! GameStop’s pivot towards cryptocurrency as a payment for the cherished tokens of nostalgia, those coveted trading cards, beckons us to giggle. Cohen, in his golden-throated charm, suggested on CNBC’s Squawk Box that they’re ever-so-ready to reduce their fondness for hardware, indulging instead in this glimmering trinket paradise.

According to EliteOptionsTrader, a crypto expert who’s probably seen more ups and downs than a rollercoaster designer, many investors see this as the start of something bigger. And when we say bigger, we mean $250,000 by the end of the year!

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.