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“Mike Novogratz, founder of Galaxy Digital, advocates for a diversified investment portfolio including Alibaba, silver, gold, and cryptocurrencies. He also expressed enthusiasm about Bitcoin’s prospects, especially following BlackRock’s application for a Bitcoin ETF, but also warned about crypto regulation uncertainties.”

Bitcoin mining rigs are witnessing a significant decrease in market value due to lower profitability and higher energy costs. Next-gen rigs like Bitmain’s S19 XP and WhatsMiner M50S saw a 66% price drop. However, these falling prices may benefit miners preparing for the upcoming Bitcoin halving in 2024, potentially spurring a shift towards more efficient machines.

“Sui Network, a rising contender to Solana, faces repeated downward price shifts, the most recent a -2.1% drop. Despite hints at possible positive movement, the bearish trend gives it a precarious risk-reward profile. In contrast, $EVILPEPE Coin, from creators of Thug Life Token and SpongeBob, shows promising growth prospects, ignited by social media and influencer promotion. However, the volatile crypto market calls for informed caution.”

“On July 24, Bitcoin experienced a flash crash to $29,000, attributed to substantial Bitcoin holders potentially liquidating their positions. While this caused a stir, Bitcoin’s main trading metrics maintained a bullish outlook, with professional traders largely retaining their leverage longs. A sudden increase in whales’ inflow to crypto exchanges was reported amidst these dynamics.”

“Dogecoin showcases a robust recovery, crossing the 200 Daily Moving Average for the first time since April. However, overbought signals and unfavourable risk:reward ratio indicates potential downside risks. Meanwhile, an AI-powered crypto trading platform, yPredict, is rising in popularity, offering feasible investment options and accurate market predictions.”

The recent liquidation of $41.5 million in bitcoin long positions shows the volatility of the crypto markets amidst important events in the US economy. Unfavorable headlines about Binance contribute to market trepidation. However, despite market turbulence, investors remain hopeful, seen through pricing trends in bitcoin options markets and the currency’s long-term resistance level.

Bitcoin’s price struggles around $30K, reflecting apprehension in the market. External factors like Elon Musk’s comments and a strengthening dollar impact both Bitcoin and the wider crypto market. Additionally, other key cryptos experience a downward trend, except LINK from Chainlink due to an interoperability protocol release. This uncertain climate highlights an interesting interplay between traditional and digital financial worlds.

“1INCH, despite a promising rally, faces a significant pullback and bearish momentum, deterring potential investors. But contradicting trends indicate a surge in the 24-hour trading volume by almost 21%. Amid this downturn, investors are shifting focus to BTC20, a cryptocurrency re-creating Bitcoin’s early features, showcasing promising investment returns.”

The article discusses the resurgence of Bitcoin and the rise of off-shoot projects like BITCOIN and BITCOIN2. It introduces BTC20–a new Bitcoin offshoot, using ERC-20 proof-of-stake technology, aiming to reduce Bitcoin’s carbon footprint and reinventing its benefits.

With Bitcoin’s current valuation around $29,779 and fluctuating below the crucial $30,000 benchmark, market enthusiasts speculate about possible trends. Technical indicators suggest a bearish perspective, potentially leading to a further plunge, yet bullish signs of recovery are also visible. Future scenarios largely depend on certain unforeseen factors.

“The crypto market is in fluctuation, with Bitcoin experiencing its lowest point since June and other coins showing minor slippage. Amid speculations, experts await the SEC’s approval of Bitcoin ETF applications, which could drive stability. Jarek Jakubcek of Binance continues to combat crypto crime, stressing the importance of crypto literacy and cautious investing in the field.”

The meme coin SAFU experienced a 30,000% value surge within a six-hour trading period, followed by a major retracement pattern. Despite this volatility, interest in meme coins like DOGE, SHIB, and $WSM continues, with investors drawn to the high-stakes trading and humor of these speculative assets.

“Shima Capital founder, Yida Gao observes the cryptocurrency market’s analogy to a barbell, with infrastructure deals and consumer apps like gaming on either end. Although concerning for some, established crypto funds and market-valuation volatility propelled Shima to invest early in Web3 companies’ lifecycle stages, hence proving to be a safe haven.”

Ethereum’s gas fees are significantly decreasing, potentially paving the way for ETH to break into the $1,900 price range. This decrease could foster a positive market trajectory, attracting more users and investors. However, Ethereum still faces resistance levels that could hinder this progress.