- Crypto Recorder
- Posts
- Bitcoin Breaks $60k! Crypto Markets Soar on Investor Optimism
Bitcoin Breaks $60k! Crypto Markets Soar on Investor Optimism
Crypto Recorder Team
August 20, 2024
Crypto Recorder is a bi-weekly email newsletter Powered by StocksTelegraph.com
Dear Readers,
Cryptocurrency markets experienced a significant surge today, buoyed by investor optimism. Bitcoin led the rally, eclipsing the $60,000 threshold. Ethereum, Solana, and XRP also posted gains. Bitcoin's price climbed nearly 4% to $60,920, while Ethereum saw a 1.80% increase, reaching $2,665. The overall cryptocurrency market capitalization expanded by 3.31% to $2.14 trillion, reflecting a positive market sentiment.
Highlights Of The Week
Mango Markets is considering a settlement offer with the SEC over alleged violations of US securities laws.
A New York District Judge has dealt the SEC a setback in its case against Tron founder Justin Sun, who is seeking to dismiss the charges.
China's supreme court and public prosecutor have revised their interpretation of AML laws to include "virtual asset" transactions for the first time.
Binance is the preferred exchange for Chinese speakers, with social media platform X being their primary source of investment information, according to a TechFlow survey.
San Francisco-based Bitwise has entered the European market by acquiring crypto investment firm ETC Group, with financial details undisclosed.
CEO grows biotech firm from $3M to $350M, creating massive profits for investors. Now, it could be happening again with his newest venture. FDA patent pending for their new drug delivery device.
>> See The 2024 Biotech Company That Early Investors Are Excited About
Sponsored
Top Weekly Gainers
In the swiftly evolving and inherently unpredictable cryptocurrency sector, experienced traders have a gift for uncovering Top Weekly Gainers with significant potential for financial growth. By staying proactive and diligently monitoring market trends and price changes, investors can leverage these promising opportunities, potentially transforming their investment approaches for optimal results.
Reserve Rights (RSR) is experiencing a meteoric rise, with its price soaring 43.91% in the past week to reach $0.00553. This ERC-20 token plays a crucial role in the Reserve Protocol, serving as both collateral for Reserve stablecoins (RTokens) and a governance token for the platform. Despite its low price, the token has seen a significant trading volume of $43.08 million, indicating strong investor interest.
Numeraire (NMR) has also seen substantial growth, climbing 35.07% in the past week to reach $15.99. Built on Ethereum, Numerai offers a platform for developers and data scientists to experiment with machine learning models. With a current trading volume of 100.77 million, NMR has attracted significant market attention.
Aave (AAVE) is another standout performer, surging 32.79% to reach a price of $129.43. As the native token of the Aave protocol on the Ethereum network, AAVE holders can participate in governance decisions and earn staking rewards. The token's high trading volume of $325.88 million reflects its popularity among investors.
Drift (DRIFT) has climbed 24.02% in the past week to reach $0.4137. This Solana-based on-chain trading protocol recently introduced prediction markets, expanding its product offerings. With a trading volume of $22.26 million, DRIFT is gaining traction in the market.
Bounce Token (AUCTION) has grown 26.29% in the past week, reaching a price of $18.61. As the native cryptocurrency of Bounce Finance, AUCTION powers a decentralized auction platform built on blockchain technology. The token has recorded a trading volume of $26.15 million, indicating growing interest in the Bounce ecosystem.
Are you tired of your so-called "safe" income stocks slashing dividends while the share prices fall?
I just revealed my safest most reliable and most consistent dividend stock - and it pays a sky high yield with dividends paid EVERY month.
This company has also increased its monthly dividend twice a year every year for the past 10 years.
Tap here to reveal the name of this stock for FREE
Sponsored
Top Weekly Losers
The cryptocurrency landscape continuously evolves, revealing weekly tales of wins and losses. Among these, the Top Weekly Losers underscore the difficulties of navigating regulatory shifts, market uncertainties, and media scrutiny. Yet, despite these obstacles, this week gives traders and investors a vital opportunity to reevaluate their strategies and move towards success.
Router Protocol (ROUTE) has experienced a significant downturn, plummeting by 86.19% in the last seven days to reach a price of $0.2544. Backed by Coinbase Ventures, this decentralized blockchain network has seen its trading volume dwindle to $1.12 million, reflecting the overall market sentiment.
PowerPool (CVP) has suffered a steep decline of 53.55% in the past week, bringing its price down to $0.11. The announcement of its delisting by Binance has severely impacted investor confidence, as evidenced by the token's trading volume of $15.26 million.
Affyn (FYN) has seen a more moderate decrease of 34.35%, with its price currently at $0.006542. This Singapore-based Metaverse project, aiming to combine free-to-play gaming with play-to-earn mechanics, has struggled to maintain momentum, as indicated by its low trading volume of $360,865.
Galaxis (GALAXIS) has experienced a decline of 22.12% in the past week, trading at $0.003521. This platform, designed to assist creators and communities in building and managing DAOs, has seen a trading volume of $2.11 million, suggesting a tempered level of investor interest.
zkLink (ZKL) has fallen by 17.74% in the last seven days, with its price currently at $0.1283. Focused on building a multi-chain network utilizing zero-knowledge technology, zkLink has maintained a relatively strong trading volume of $8.32 million, indicating sustained interest despite the price drop.
I just closed a trade in 1 day for 200% gains on Tesla in July. The trade cost just $85 to put on and we were in and out in less than 24 hours. You can get access, for a limited time, to a free, 30-minute training on exactly how I pulled this off. You'll be able to start landing these overnight wins yourself. You don't need any experience as an options trader. The trades are easy to buy and sell.
Get the free overnight options training here.
Sponsored
Hot ICOs To Watch
Active ICOs
DexToro is a decentralized on-chain derivatives protocol currently undergoing its ICO, which commenced in Q3 2024 and is set to conclude in Q4 of the same year. With a focus on developing open, secure, and powerful financial products, the project has raised $26K in a single funding round.
PlayDoge is a unique mobile game blending the nostalgic charm of Tamagotchi with the exciting world of cryptocurrency. The ICO for PlayDoge started in Q2 2024 and is still ongoing. The project has garnered significant investor support, amassing $5.79M in its first funding round.
Pepe Unchained is a Layer 2 blockchain solution emphasizing speed, security, low fees, and a touch of meme culture. Its ICO also kicked off in Q2 2024 and remains open for investments. With a strong market response, Pepe Unchained has already raised $6.17M in its initial funding round.
Upcoming ICOs
Babylon is set to launch its ICO on August 22nd. This project is focused on developing security protocols to enhance the scalability of Bitcoin within the decentralized world. With a substantial $88 million already raised through six funding rounds, Babylon has garnered significant investor interest ahead of its token sale.
Sharpe AI is preparing for its Token Generation Event (TGE) scheduled for August 27th. This advanced DeFi platform empowers users to create custom yield-earning strategies and execute trades based on their risk tolerance and return expectations. Sharpe AI has raised $1.7 million across five funding rounds, demonstrating strong market support.
Weebs is launching its IDO on the Spores platform from August 22nd to 24th. This innovative marketplace connects Weebs and creators within the Anime-Comic-Gaming (AGC) industry. Aiming to raise $150,000 through its IDO, Weebs.App seeks to capitalize on the growing popularity of the AGC market.
Ended ICOs
Impact concluded its IDO on the Spores platform on August 11th. This cross-chain bridge project for SVM chains managed to raise $480,000 through its token sale, demonstrating significant investor interest in its technology.
Layer3 wrapped up its launchpool on Bybit on August 6th. This project, focused on modular identity and attention for the future of the omnichannel, secured an impressive $17.5 million in funding during its sale.
Matr1x, a next-gen web3 entertainment platform featuring creator DAOs and a cyberpunk universe, completed its OKX Jumpstart on August 5th. The project raised $20 million, showcasing strong investor confidence in its vision for the future of gaming and entertainment.
A tiny stock could be preparing to pivot into a new trading range after a recent pullback.
Shares have been holding strong at a key support level, and a recent analyst upgrade could be the catalyst it's been waiting for.
Get this Under-the-Radar Stock Ticker Symbol Here
Sponsored
Hottest Airdrops
Retro Bridge
Go to the Retro Bridge Midday Journey quest page.
Connect your wallet to begin.
Complete the tasks provided on the quest page.
Follow RetroBridge on X from the quest page.
Join their Discord and finish the swap quests.
Claim your free Retro Bridge Midday NFT and you might also earn the second of four Retro Bridge Phase NFTs.
Acki Nacki
Click the link to activate the Acki Nacki Telegram bot.
Collect as many Boosts as you can before Phase 2 kicks off. The more Boosts you gather in Phase 1, the higher your $NACKL coin rewards will be.
When Phase 2 begins, your Boosts will amplify the Block Rewards you earn.
Play an easy game. Acki Nacki uses random numbers you create by swiping your fingers on your phone screen to verify transactions on the blockchain, earning you $NACKL coins.
Best Regards,
Crypto Recorder Team
P.S Got a question, suggestion or general feedback? Feel free to reply to this email. I'll get back to you asap!