Bitcoin Back Below $62,000: Fear Grips Crypto Market

Dear Readers,

Cryptocurrencies took another tumble today after hints of a rebound. Bitcoin (BTC) fell back to the $61,000 mark, while other major coins like Ethereum (ETH), Solana (SOL), and XRP mirrored the decline. The overall market capitalization for cryptocurrencies dipped 1.49%, reaching $2.25 trillion. Bitcoin's price chart showed a 1.30% drop over the past 24 hours, bringing it down to $61,125.51. Ethereum also slipped slightly, trading at $3,381.61, a decrease of 0.24% compared to yesterday.

Highlights of the week

• The Blockchain Industry Coordinating Committee of Nigeria (BICCoN) urges a balanced resolution to the legal issues between crypto exchange Binance and the Nigerian government, highlighting concerns for the country's blockchain ecosystem and international reputation.
  

• South Korean crypto investment firm Hashed Ventures is expanding into Abu Dhabi through a partnership with Hub 71, with plans to open an office and engage other South Korean crypto firms in the UAE market.
  

• Vanuatu is expected to enact a long-awaited digital asset and service provider bill by September.
  

• Marathon Digital announced it has mined $16 million worth of Kaspa (KAS) since September to diversify from Bitcoin.
  

• On June 26, the United States government transferred 3,940 Bitcoin to a Coinbase Prime wallet, as revealed by onchain data from Arkham Intelligence.

Crypto Fear & Greed Index

Investor anxieties continued to dampen the cryptocurrency market, as reflected by the Crypto Fear & Greed Index dipping to 40 today, compared to yesterday's 46 reading which also fell within the "Fear" zone. This apprehensive sentiment stems from looming inflation data in the U.S., which could significantly influence future interest rate decisions and potentially tighten the grip of the U.S. dollar on the market.

ATH coins

Attaining an all-time high (ATH) underscores a cryptocurrency's position among the elite, signaling a surge in demand. Yet, volatility remains a defining trait of this market. In-depth research is essential before venturing into investments in ATH coins. Here are some recent top performers achieving ATH milestones.

The native token for the Ethereum layer-2 network, Blast (BLAST), took off today after its launch. Unlike other recent airdrops, Blast is soaring high above its all-time high of $0.02943. It's currently trading at $0.02566 with a whopping trading volume of $679.12 million.

UTYABSWAP (UTYAB) is an all-in-one platform built on the ton blockchain. Today, its token, UTYAB, reached its all-time high of $0.003156. While trading volume is lower than Blast at $192,975, it's still a significant milestone for the token.

Flappy (FLAPPY) is a brand new Ethereum token inspired by one of Matt Furie's most popular creations. This internet meme-inspired token reached its all-time high of $0.00001115 today. Despite its low price, Flappy has a surprisingly high trading volume of $1.66 million.

Brett's cat (BALT) is a token that supports a cat-related project, though the exact details remain unclear. Regardless, the token reached its all-time high of $0.002206 today. The price change is minor, but it's currently holding steady at $0.00208 with a volume of $306,505.52.

Non-Playable Coin (NPC) is a meme coin and NFT-hybrid designed to represent all 8 billion people on Earth. While it didn't hit a new all-time high today, it's worth noting that NPC's peak of $0.0301 was just a few days ago on June 23rd. The current price sits at $0.02414 with a trading volume of $4.90 million.

Top Movers (24H)

The cryptocurrency market's ongoing validation as a formidable investment platform has encouraged erstwhile skeptics to wholeheartedly adopt it, diversifying their investment portfolios with an assortment of digital assets. Additionally, seasoned crypto investors are reinforcing their positions, contributing to substantial price hikes across different cryptocurrencies over the past day. Let's examine a handful of familiar cryptocurrencies that have recently experienced notable price surges.

In the world of cryptocurrency, Beta Finance (BETA) is making waves. Over the past 24 hours, its price skyrocketed by an impressive 60.81%, reaching $0.06882. Beta Finance is a permissionless money market on Ethereum, allowing users to borrow, lend, and even short crypto assets. This innovative platform boasts scalability and accessibility, with automatic token listings and the ability to short those very tokens.  Its current volume sits at $31.12 million.

Pomerium (PMG) is also celebrating a significant gain. This web3 game studio saw its price climb 56.81% in the last day, reaching $0.2245. Pomerium focuses on developing original content for independent games and provides additional services like web3 utility tools and publishing. The current price sits at $0.2245, backed by a trading volume of $7.15 million.

Radworks (RAD) is shaking things up in the software development scene. As a community-governed network, it aims to reshape the landscape by supporting and funding open-source projects. RAD's price jumped 28.19% within the last 24 hours, reaching $1.51.  The current volume sits at a substantial $148.31 million.

Across Protocol (ACX) is making cross-chain transactions smoother. This bridge, secured by UMA's optimistic oracle, allows users to move tokens between blockchains efficiently. ACX's price rose 16.82% in the last day, reaching $0.3488. The current volume sits at $1.15 million.

Finally, Step Finance (STEP) is stepping up its game (pun intended). This platform serves as the "front page" of Solana, allowing users to visualize, analyze, execute, and aggregate transactions across all Solana contracts in one place. STEP's price increased 10.41% over the past 24 hours, reaching $0.01664. The current volume sits at $385,005.54.

Non-Fungible Tokens – Developments

1. Yamakoshi, a secluded Japanese village in the Niigata mountains, has gained 1,700 “digital citizens” through NFT sales to support its aging population.
   

2. Immutable (IMX) is partnering with Space Nation, a major web3 MMORPG space universe, to release a limited-edition NFT collection called the Immutables.
   

3. COLLE AI, a leader in AI-driven NFT technology, is launching a new community-driven NFT marketplace.

NFTs To Watch (24H)

Azuki

In the NFT space today, Azuki is leading the pack with a whopping 153% increase in trading volume, reaching a staggering 61.14 ETH within the last 24 hours. This impressive collection boasts 10,000 unique avatars that grant you exclusive membership access to The Garden: a virtual hub where artists, creators, and web3 enthusiasts connect to build a decentralized future. With a floor price of 3.25 ETH and 18 sales recorded in the past day, Azuki is definitely one to watch.

Memeland Potatoz

Memeland Potatoz is another NFT project making waves, experiencing a significant 42% surge in volume to 13.72 ETH. This collection consists of 9,999 unique Potatoz, each acting as your utility-enabled passport into the vast Memeland ecosystem. With a current floor price of 1.19 ETH and 12 sales recorded in the past 24 hours, Memeland Potatoz offers a chance to join a thriving online community.

Bad Egg Co

Rounding out the list is Bad Egg Co., which witnessed a 45% jump in volume, reaching 8.56 ETH. This collection features 1,500 unique digital collectibles stored on the Ethereum blockchain.  While boasting a smaller collection size compared to the others, Bad Egg Co. packs a punch with its focus on community building.  This global storytelling brand prioritizes fostering a culture of creativity with a current floor price of 0.235 ETH and 34 sales recorded in the past day.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

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