27 Jul: Calm Before The Storm


"I don't believe you have to be better than everybody else.
I believe you have to be better than you ever thought you could be."

- Ken Venturi

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Happy Humpday Folks! Bitcoin is making a push higher influenced by the IMF saying Crypto doesn't threaten the financial system, but on the 4hr chart, it is facing resistance around $21.5K if it can push through with volume, $23K is back in play; the MACD is showing a potential cross within the next few hours. 

It's the calm before the storm, so if the FED shows any kind of dovishness then I believe we will see the markets rally but if they are over hawkish to try an tame inflation more, that overhead resistance comes into play. 

Read, Watch, and LISTEN!

Bitcoin Price: $21,295.86

JUST IN

  • Crypto investors are ‘more attractive and smarter’ than non-investors, study finds (Finbold)

BITCOIN & ETHEREUM

  • Bitcoin Pumps to $22.5k as Fed Hikes Rates by 75 BPS (CryptoPotato | Cointelegraph)
  • Why Bitcoin Could Trade Above $22,000 After Today’s FOMC Meeting (NewsBTC)
  • Most Important Day for XRP, Cardano and Bitcoin Could Be Today: Crypto Market Review, July 27 (UToday)
  • Bitcoin Reclaims $21K Ahead of FOMC Interest Rate Announcement (Market Watch) (CryptoPotato | BIC| Cointelegraph)
  • Ethereum ($ETH) Prices Surges by 9% to Over $1500, Outperforming Other Top 10 Cryptos (Cryptoglobe)

HOW A BITCOIN STANDARD MAKES THE WORLD A BETTER PLACE

ALTCOINS & STABLECOINS

  • Price analysis 7/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX (Cointelegraph)
  • BNB Basks In The Green As Price Glows 5.84% In Fields Of Red (NewsBTC)
  • Ripple (XRP) Is Up 190% From Cycle Low, But Will It Ever Reach $3? (NewsBTC)
  • Ether, XRP, Cardano Up Over 10% As Fed Doubles Down On Inflation With 75-Basis-Point Rate Hike (ZyCrypto)
  • Cardano (ADA) Generates Weekly Bullish Divergence for the Second Time in History (BIC)
  • Solana Hits All-Time Low in NFT Sales Volume, Tumbling More Than $200M (BIC)
  • Tether says that it holds no Chinese commercial paper (TB | UToday | Cointelegraph | BIC)
  • Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option (Coindesk)

ANALYST'S CORNER

Positive

  • Glassnode: Analytics Firm Glassnode Says Worst of Bitcoin (BTC) Capitulation Could Be Over – But There’s a Catch (TDH)
  • Finder: Industry Experts Believe Bitcoin Is Primed To Hit $106,000 by the end of 2025 As Data Shows High BTC Buying Pressure (ZyCrypto)
  • Santiment: XRP Network ‘Has Just Hit a Huge Milestone’, Says Crypto Analytics Firm Santiment (Cryptoglobe)
  • Leah Wald: Valkyrie CEO says Firm, Industry to Emerge Stronger After Crypto Winter (Blockworks)
  • Coinmarketcap: Can Cardano hit $1 by the end of August? Here’s what the crypto community says: $.73 (Finbold)
  • Coinmarketcap: Can Bitcoin hit $30,000 by the end of August? Here’s what the crypto community says: $32,493 (Finbold)
  • Michael van de Poppe: Top Crypto Analyst Says Traders Putting Too Much Emphasis on The Fed, Names His Top Altcoin Projects: ATOM, MATIC, AVAX, CCD, and SKL (TDH)
  • Messari: Solana (SOL) Emerging As New Competitor to Ethereum’s NFT Dominance: Analytics Firm (TDH)

Negative

  • Altcoin Sherpa: Crypto Analyst Issues Warning on Bitcoin (BTC), Solana (SOL) and ApeCoin (APE) As Markets Correct (TDH)
  • Cred: Here’s What’s Next for Bitcoin and Ethereum (ETH) After Failed BTC Breakout, According to Top Crypto Analyst (TDH)
  • Crypto Traders: Split on Upcoming Fed Rate Hike's Impact on Bitcoin (Coindesk)
  • Raoul Pal: Ex-Goldman Executive Warns Economy Is About To Drop Off a Cliff – Good for Crypto (TDH)

NOTABLE VOICES

  • IMF: Claims Crypto Not A Threat to Financial Stability (BIC | Bitcoinist)
  • IMF: Warns More Cryptocurrencies May Fail (UToday | TDH | NewsBTC)
  • Jess Houlgrave: Education in crypto payments will spark mass adoption, says Checkout.com exec (Cointelegraph)

CEFI CONTAGION

  • What Happens to Celsius Creditors if Crypto Prices Recover? (Coindesk)

ETFs

  • CoinShares: Biggest Inflows Into Bitcoin (BTC) Since November 2021 (BIC)
  • Institutions Sell Off 1% Of Total Bitcoin Supply In Under 2 Months (Bitcoinist)
  • Ethereum options data show pro traders ready to go long into ETH’s Merge (Cointelegraph | Coindesk)
  • CME Notches Record Crypto Derivative Trades in Q2 (Blockworks)

METAVERSE

  • Cardano ($ADA) Powered Metaverse ‘Pavia’ Announces Details About Upcoming Updates (Cryptoglobe)

ACCEPTANCE/ADOPTION

  • Bitcoin tackles unique challenges in emerging markets (Cointelegraph)

KOMAINU RECEIVES PROVISIONAL LICENSE FOR BITCOIN, CRYPTO SERVICES IN DUBAI

BLOCKCHAINS

  • What is the Merge? What You Need to Know About the Transition to Ethereum 2.0 (CryptoPotato)
  • Ethereum’s Rollup Race: What is a ‘True’ zkEVM? (Coindesk)
  • Here Is How Cardano-Based New Digital Economy Is Developing: Details (UToday)
  • Cardano Losing Luster on Twitter Despite Looming Vasil Hard Fork (UToday)

EXCHANGES/WALLETS/ATMS

  • Crypto ATM market value to hit $472 million by 2027 per new data (Cointelegraph)
  • Brazil’s Largest Digital Bank Nubank Reaches 1M Crypto Users After Just a Month (Coindesk)

MINING

  • Bitcoin mining stock report: Wednesday, July 27 (TB)
  • How The Bitcoin Difficulty Adjustment Has Boosted Miners’ Bottom Line (Bitcoinist)
  • How Bitcoin Could Turbocharge Solar And Wind Energy, Ark Research Says (Bitcoinist)
  • Bitmain Partner Antalpha Unveils Lending Products for Miners (Coindesk)
  • Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners (Cointelegraph)

LEGISLATION/REGULATION

  • Fate of stablecoin bill in doubt as House Financial Services Committee misses key deadline (TB)
  • US Consumer Regulator Sets Sights on Crypto as Big Tech Moves Into Finance (BIC)
  • Judge Denies SEC’s Motion to Revoke XRP Holders’ Amici Status (CryptoPotato | TDH)
  • Toomey calls for answers on crypto enforcement approach in letter to SEC (TB | Coindesk)
  • EU Banking Regulator Worries It Can’t Find the Staff to Regulate Crypto: Report (Coindesk | Cointelegraph)

PODCASTS

  • Bitcoin Fundamentals: BTC088: FED Policy, Bitcoin ETFs, & Euro Dollar Impacts w/ Steven McClurg 
  • The Scoop: The Mining Report with Wolfie Zhao: When miner capitulation?
  • The Breakdown: The State of Crypto in 3 Themes
  • Bitcoin Audible: What is Money, Anyway? [Lyn Alden]
  • Decrypt Daily: July 26: Chipotle Says Buy The Dip
  • TFTC: #347: The next chapter of Slush Pool with Jan Čapek

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TheCryptoCurator
TheCryptoCurator

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post. If you want to sign up for SMS alerts - text CRYPTO to +1 (214) 380-2013.


The Crypto Curator
The Crypto Curator

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