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Market Update -

Once again Bitcoin failed to close a daily candle above $69.1k area (2021 ATH.) Over a 5% move down from yesterday’s highs after the US Governments start to move BTC.

The Monday Low ($66,365) is holding as 4 hour support for now. As long as this holds we could see a retest of $68.2kk (Weekly Open.) Any 4 our close below $66,365 and there is an increased chance of a further retrace.

Our Monday range this week is $66,365 - $70k.

🎉 Happy 9th birthday, Ethereum

Thank You for Revolutionizing the blockchain world with smart contracts and dApps.🚀

⚡️NEW: Ark Invest CEO Cathie Wood says #Bitcoin is “the layer of the internet.”

“It's simply the next generation of the internet.”⚡️

📊 Bitcoin just hit $66000

😱How has the price of Ethereum changed since 2016

Ethereum has shown impressive growth, increasing from $13 in 2016 to $3,310 today, which corresponds to an increase of 25,400%😱

Former President Trump’s speech at the Bitcoin 2024 Conference has sparked mixed reactions on social media. Promises like firing SEC Chairman Gensler and making the US a Bitcoin superpower were met with both praise and skepticism.

📰 BTC

📣 x.com

🚨🚨🚨 $135.0M Liquidated in last 24 Hrs.

Long Liquidation : $109.7M 📈

Short Liquidation : $25.3M 📉

📊 High Liquidations : (Binance)

Longs : BTC $12.6M, ETH $7.3M, SOL $3.0M, DOGE $777.0K

Shorts : ETH $3.7M, BTC $2.9M, SOL $936.0K, BOME $754.0K

NEW: 🇺🇸 University of Wyoming has established a Bitcoin Research Institute, marking the first academic institute dedicated to #Bitcoin studies 👏

BREAKING: 🚨 Cantor Fitzgerald revealed SBF's and Circle's plan to take down Tether❗️

The goal is to destroy Tether. SBF amassed $10B of USDT and redeemed it in 2-3 days.

What happened?

Tether was able to provide the money in an instant.

Can Circle do the same? 🧐

MtGox moving 47k BTC

Alt season 2021 vs. 2024

NEW: 🟠 Bill Miller IV tells CNBC "Bitcoin is the new global denominator for capital." 🔥

"You get 21 million Bitcoin and that's it." 🐂

😱MtGox continues to move the BTC — today they moved 33,964 BTC to an unknown address and made an internal transfer of 47,229 BTC, making a total of three transactions worth more than $8 billion.🥇

#Arbitrum continues its downward trend and has left the ascending channel that was formed in the daily time frame.

The downward trend line that the price continues to respect, and now after breaking the support level of $0.7350-$0.7850 , we can expect the price to continue decreasing to $0.5000 .

When the price can break the dynamic resistance and this failure is confirmed, the trend will change.

🏆Bitcoin's dominance reaches its highest level since April 2021.

🔥 JUST IN: Grayscale #Bitcoin💰 Trust's Mini Version of GBTC Goes Live with 0.15% management fees for trading.

🇫🇷🇫🇷🇫🇷Bybit Halts Services in France Due to MiCA Regulations

Bybit, a leading cryptocurrency exchange, announced it will cease services for French users from August 13 due to new EU regulations.

Starting August 2, French accounts will be limited to “close-only” mode, preventing new deposits, positions, or purchases.

From August 13, all remaining open positions will be liquidated, allowing only withdrawals. This decision follows the upcoming EU MiCA regulations set to tighten anti-money laundering and terrorism financing rules from December 30.