Crypto Winter Is Coming? Bitcoin Crash Raises Fears, But New Coins Shine

Dear Readers,

Bitcoin prices plunged below $58,000 today, exposing the earlier rally towards $63,000 as a classic bull trap. Currently hovering around $58,202, Bitcoin has shed 4.52% in the last 24 hours. The selling pressure extended to major altcoins, with Ethereum dropping 4.86%, Solana down 7.22%, and BNB falling 6.04%, all within the last day. This broad-based decline triggered a surge in liquidations, with data from Coinglass revealing $262 million liquidated, with long positions accounting for a significant $233 million.

Highlights Of The Week

• Opera integrates Tether USDT and Circle’s USDC into its Opera Mini mobile browser cryptocurrency wallet.
  

• Bitcoin Core developers launch a new "critical bug" disclosure policy for Bitcoin security vulnerabilities. 
  

• Riot Platforms increases its June hashrate by 50%, mining 255 Bitcoin — a 20% rise from May.
  

• Bitwise amends the SEC filing to list a spot Ether ETF for trading.
  

• CoinDCX acquires BitOasis, expanding its reach into the MENA region.

Crypto Fear & Greed Index

Investor jitters have gripped the cryptocurrency market once again, plunging the Fear & Greed Index back into the ‘Fear’ zone at 44. This follows news of Mt. Gox, the infamous defunct exchange, preparing to repay a staggering $10 billion in Bitcoin and Bitcoin Cash to creditors starting this week. The potential for a large-scale selloff by these recipients has sparked warnings from financial giants like JPMorgan and CoinShares, raising concerns of a significant market correction.

ATH coins

Reaching an all-time high (ATH) highlights a cryptocurrency's elite status, indicating a significant increase in demand. However, volatility is still a hallmark of this market. Thorough research is crucial before investing in ATH coins. Here are some recent top performers that have hit ATH milestones.

Billy (BILLY) is a new cryptocurrency generating excitement as it lands its first listing on a major exchange. Bitget, a top centralized exchange, is now offering BILLY for trading starting today, July 4th, 2024. Deposits are already open, allowing users to prepare for the official launch. While BILLY reached an ATH of $0.1501 today, its current price sits at $0.1314 with a trading volume of $55.51 million.

For fans of memecoins, Pickle (PICKLE) might be a familiar name. Inspired by the iconic "Boys' Club" comic by Matt Furie, PICKLE also reached its all-time high of $0.0417 today. While its current price is $0.03369, it still boasts a trading volume of $1.68 million.

Eagle AI (EAI) is a project taking a more technical approach. This platform utilizes cutting-edge data feeds and AI technology to provide users with unparalleled insights and predictive analytics for digital assets. EAI reached its ATH of $0.05614 today, with a current price of $0.05463 and a trading volume of $23,468.39.

Jupiter Perps LP (JLP) is a decentralized finance (DeFi) token within the Solana ecosystem. Primarily associated with liquidity provision for perpetual trading, JLP hit its ATH of $2.97 yesterday. Despite a slight dip to its current price of $2.84, JLP maintains a significant trading volume of $40.47 million.

Calling all gamers! BloodLoop (BLS) is a 5v5 hero shooter game that recently reached its ATH of $0.503 yesterday. While the price has adjusted to $0.4202 today, the trading volume of $2.19 million indicates continued interest in this fast-paced shooter experience.

Top Movers (24H)

The growing recognition of the cryptocurrency market as a robust investment platform has prompted former skeptics to embrace it, diversifying their portfolios with a variety of digital assets. Meanwhile, seasoned crypto investors are strengthening their positions, leading to significant price increases in various cryptocurrencies over the past day. Let's take a look at some familiar cryptocurrencies that have recently seen notable price surges.

Leading the pack is TRAVA.FINANCE (TRAVA), a DeFi pioneer focused on cross-chain lending. TRAVA skyrocketed a staggering 39.77%, currently priced at $0.000164. Though the trading volume remains modest at $686,293.61, this project is clearly captivating investor interest.

Hot on TRAVA's heels is Hivemapper (HONEY), buzzing with a 39.44% surge to $0.07899. This recent rally seems directly attributable to the exciting news of a listing on the prominent Kraken exchange. With a current volume of $7.21 million, HONEY is poised for further growth.

holoride (RIDE) is taking the crypto world on a thrilling VR ride! The token powering this in-car VR entertainment platform has zoomed 24.42%, reaching $0.004463. Imagine playing VR games that seamlessly adapt to your car's movements – that's the groundbreaking experience holoride is building, with a current volume of $366,572.

The permissionless money market on Ethereum, Beta Finance (BETA), is also joining the party. BETA gained a respectable 16.55%, currently priced at $0.08114 on a trading volume of $85.28 million. Beta Finance empowers users to borrow, lend, and even short crypto assets in a user-friendly and scalable environment.

Rounding out the top movers is LandRocker (LRT), a free-to-play space exploration game. LRT blasted off with a 14.81% price increase, reaching $0.005979 on a volume of $1.99 million. Get ready to explore the vast universe of LandRocker, filled with endless discovery, epic battles, and the thrill of interstellar adventure.

Non-Fungible Tokens – Developments

1. ChainGPT enhances AI NFT Generator with new features and updates for improved user experience.

2. Yamakoshi village in Niigata mountains sells NFTs, attracting 1,700 "digital citizens" to support its aging population.

3. DG Labs Ltd launches public alpha of NFT marketplace with Ordinals support, marking a milestone in digital asset trading.

NFTs To Watch (24H)

Memeland Potatoz has been the standout performer in the last 24 hours, with a volume of 72.49 ETH, reflecting a 693% increase. The collection, which features 9,999 utility-enabled PFPs, boasts a floor price of 1.2179 ETH and has recorded 66 sales. Each Potatoz NFT grants its owner entry into the extensive Memeland ecosystem, making it a highly sought-after asset in the NFT market.

Yogapetz, a Web3 wellness ecosystem, also saw significant activity, with a volume of 46.77 ETH and a 178% rise in the past 24 hours. Launched in August 2023 on the Ethereum blockchain, Yogapetz integrates wellness practices with blockchain technology to offer a comprehensive digital experience. The collection, consisting of 10.1K unique items, has a floor price of 0.0978 ETH and achieved 479 sales, highlighting its growing popularity.

Pixelmon - Generation 1 recorded a volume of 31.5 ETH, representing a 115% increase over the last 24 hours. The floor price stands at 0.444 ETH, with 37 sales. This NFT is the cornerstone of the Pixelmon ecosystem, providing holders with exclusive benefits such as access to token airdrops, enhanced in-game earnings, and early access to the Alpha game release. The Pixelmon Generation 1 NFT continues to attract attention and value within the gaming and NFT communities.

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

Best Regards,
Crypto Recorder Team

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