29 Jul: Can The Rally Continue?

"The shoe that fits one person pinches another; there is no recipe for living that suits all cases."
- Carl Jung

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It's FRIDAY Folks! We made it to another Friday and the market is looking pretty good despite the fact we just got a 75 basis point hike and a recession (not recession) announcement. Many said this was a bull trap (and it could be) but it's not looking like that right now. I personally believe we can continue to push higher until we get to around $30K at that point unless Bitcoin bull step in with a lot of conviction to break through that level with volume, I can see another pull back but I continue to believe the bottom is in. 

The broader market is also looking good with Ethereum showing significant bullishness and Ethereum Classic (ETC) is benefitting from the merge from PoW to PoS. Other projects such as Cardano, Solana, Polygon, Curve are all showing positive signs as well. 

The regulatory landscape is mixed but as CZ said, mostly it's positive because no one is talking about banning Bitcoin or Digital Assets; instead they are putting rules in place to allow them to operate and keep the bad actors out. I hope you all have a great weekend and keep reading, watching, and LISTENING :) 


  • Total Market Cap (TOTALCAP) Bounces After Weekly RSI Drops to All-Time Low (BIC)


  • Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats (Cointelegraph)
  • Bitcoin price rejects at $24K as 'classic short setup' spoils bulls' fun (Cointelegraph)
  • Bitcoin bear market over, metric hints as BTC exchange balances hit 4-year low (Cointelegraph)
  • This 11-Year-Old Bitcoin Indicator Shows Reversal Ahead: Details (UToday)
  • ‘Summer Relief Rally’ Drives Bitcoin to Over 24,300 for First Time in Over 6 Weeks (Cryptoglobe | Cointelegraph | BIC | Finbold)
  • Bitcoin holds $24K as US dollar taps 3-week lows on Eurozone inflation report (Cointelegraph)
  • Bitcoin Eyes $28k With A One-day Breakout (NewsBTC)
  • El Salvador Still Benefitting From Big Bitcoin Bet Says Finance Minister (BIC)
  • TA: Ethereum Rockets Towards $1,800 as Bulls Take Over Crypto Market (NewsBTC)
  • Can Ethereum reach $2,000 by the end of August? Here’s what the crypto community expects (Finbold | NewsBTC)


  • Can BNB reach $400 by the end of August? Here’s what the crypto community says (Finbold)
  • Cardano climbs 5% in 24 hours despite Vasil hard fork delay setback (Finbold)
  • Dogecoin Might Rise Another 14% If This Support Holds (UToday)
  • Ethereum Classic leads most trending cryptos while climbing 27% in 24 hours (Finbold | UToday | Bitcoinist)


  • Inmortal: Top Crypto Analyst Explores Bitcoin (BTC) Market Structure That Is Giving Traders ‘Nightmares’ (TDH)
  • Mike McGlone: Commodity guru expects Fed rate hikes to boost Bitcoin to ‘outperform most assets’ (Finbold)
  • Michael van de Poppe: Top Crypto Trader Plots What’s Next for Solana and Avalanche, Says Altcoins Ready To Explode by Up to 200% (TDH)


  • CZ: Crypto’s Richest Mogul Details What Could Trigger the Next Massive Move for Bitcoin (TDH)
  • Vitalik Buterin: Claims Ethereum Merge Will Be Priced After It Goes Live (Bitcoinist | Cointelegraph)
  • Jonathan Steinberg: WisdomTree CEO says Crypto Winter Brings ‘Lots of Opportunity’ (Blockworks)
  • Mihailo Bjelic: Ethereum will outpace Visa with zkEVM Rollups, says Polygon co-founder (Cointelegraph)



  • US Regulators Order Voyager to Remove Misleading Statements (BIC | TDH)
  • Crypto contagion deters investors in near term, but fundamentals stay strong (Cointelegraph)
  • Celsius Data Breach Could Spell Further Misery for Users (BIC | TDH)


  • Ethereum NFT Sales Hold Steady in July as Trading Volume Sinks Further (Decrypt)


  • Surging Ethereum (ETH) Scaling Solution Sees Rise in Network and Developer Activity Despite Crypto Bear Market (TDH)
  • Ethereum (ETH) Developers Announce Timeline for Final Testing Stage Before Massive September Upgrade (TDH)
  • Ethereum Merge: How will the PoS transition impact the ETH ecosystem? (Cointelegraph)
  • Ethereum chain split is possible after the Merge, survey finds — but will ETC price keep climbing? (Cointelegraph)
  • Ethereum Records Massive Spike in Address Activity, Leaving Experts Puzzled As The Merge Beckons (ZyCrypto)
  • Optimism (OP) Barely Misses New All-Time High: Biggest Weekly Gainers (BIC)
  • Arbitrum testing Nitro upgrade ahead of mainnet launch (TB)
  • Cardano Vasil hard fork hit with another delay for several weeks (Cointelegraph | Cryptoglobe)
  • Number of new daily DOGE addresses climbs over 260% in 2 months (Finbold)



  • FTX gets green light to operate fully in Dubai (TB)
  • Santander Brazil Announces Launch of Crypto Trading Service (BIC | EWN | CryptoPotato)
  • CoinFLEX says it has laid off staffers to cut costs by 50-60% (TB | EWN)


  • What happens when 21 million Bitcoin are fully mined? Expert answers (Cointelegraph)
  • Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity (Cointelegraph)
  • Bitcoin Miners’ Balance Hits 4-Year High: Glassnode (CryptoPotato)


  • SEC Chair Gary Gensler Says There’s No Reason To Treat Crypto Assets Differently Than Securities – Here’s Why (TDH)
  • Coinbase Defends Listing Process, Despite SEC Pressure (Blockworks)
  • SEC official expects greater regulatory clarity from Washington after recent crypto events (Finbold)
  • Pat Toomey blames the SEC for crypto lending platform crisis (Cointelegraph)


  • Babel Finance lost over $280 million in proprietary trading with customer funds (TB | BM)
  • Dogecoin Community Issues Alert on Scam Tokens (UToday)


  • The Pomp Podcast: #1063 Darius Dale Gives The Truth On How Bad The Economy Is
  • The Breakdown: Why Markets Viewed the Fed's Latest 75 Basis Point Hike as 'Dovish'
  • Bitcoin Audible: Read_640 - Keet, P2P Encrypted Communications To Integrate Lightning [Namcios]
  • Stephan Livera Podcast: SLP399 Christian Keroles (CK of Bitcoin Magazine) - Bitcoin is Good for Europe
  • Unchained: Why the Crypto Industry Believes SEC Regulation by Enforcement Hurts US Consumers
  • Bitcoin Magazine: Michael Saylor: Building Bitcoin Adoption - Exclusive Interview Part 2

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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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