Week 23 Newsletter: Bitcoin, Blast ecosystem and more
Week 23 Newsletter: Bitcoin, Blast ecosystem and more
TL;DR
BTC is up
Bitcoin dominance is up
Mt. Gox Transfers $9 Billion in Bitcoin
Bitcoin Records Best May Since 2019 Despite ‘Predatory’ 3% Price Dip
London Stock Exchange Approves Bitcoin and Ethereum ETP Listings
Argentina Looks to Emulate El Salvador’s Bitcoin Success
Tokyo-Listed Metaplanet to Expand Bitcoin Holdings
Luxor and Bitnomial Launch Bitcoin Mining Derivates
Bitcoin Miners Experience 46.15% Revenue Drop in May, Lowest Since October 2023
New Bitcoin Mining Company Establishes Headquarters in El Salvador
Bitcoin Price
Crypto is up this week, with BTC being up 1.3% and ETH down 1.4%:
Bitcoin dominance has increased over the week, rising from 50.3% to a peak of 50.91% and ending at 50.7%. The recent ETH rally has already impacted Bitcoin's market dominance. This shift causes Bitcoin's dominance to increase, a trend observed over the past few days.
It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.
The cryptocurrency market is currently experiencing mixed sentiments as major digital assets such as Bitcoin (BTCUSD) navigate through various levels of support and resistance.
Bitcoin (BTCUSD) Analysis:
Bitcoin remains in a consolidation phase, exhibiting sideways movement between the $67080.00 support and the intraday resistance formed by the EMA50. There's a prevailing anticipation for a resumption of the bearish bias, with the potential to breach the support at $67080.00 and target $65485.00. However, a decisive move above $69880.00 is required to invalidate the current bearish trend scenario.
Expected Trading Range:
Bitcoin (BTCUSD): $66000.00 (support) - $69200.00 (resistance)
Market Outlook:
Investors and traders are advised to closely monitor the critical support and resistance levels outlined for Bitcoin. Sustained movements above or below these levels could dictate the short-term market direction. Caution is warranted, particularly in light of the potential for increased volatility and the need for confirmation of trend reversals before establishing significant positions.
With BTC dominance increasing and the ETH price decreasing less than BTC, the BTC/ETH ratio is trending downwards to 18.25 ETH per BTC.
Airdrop Alpha: Blast Crypto
What Makes Blast Crypto Airdrop Stand Out
Amidst the chatter about airdrops in the digital realm, Blast Crypto Airdrop emerges as a focal point. It offers more than just complimentary tokens; this airdrop distinguishes itself through distinctive features that elevate the crypto community's engagement.
Key Advantages of Blast Crypto
Exclusivity: Tailored for early adopters, extending an invitation to be part of a groundbreaking initiative from its inception.
Scarcity: Limited availability of airdropped tokens ensures heightened value and demand.
Community-Centric Approach: Emphasizes the importance of active community involvement, rewarding participation and dedication.
Innovative Enhancements for User Engagement
Effortless Claiming Process: Intuitive interface streamlines the token claiming process for users.
Interactive Engagement Platforms: Incorporates social media integration, gamifying community participation.
Robust Security Measures: Implements state-of-the-art protocols to safeguard users' assets and data.
Qualifying for Blast Crypto Airdrop
Prepare to immerse yourself in the Blast Crypto Airdrop—an exclusive opportunity for crypto enthusiasts to acquire complimentary tokens! Familiarize yourself with the eligibility criteria to ensure seamless participation.
Steps to Meet Airdrop Requirements
Set up a digital wallet if you haven't already.
Join the official Blast community on designated social platforms.
Stay updated with project developments and announcements.
Register for the airdrop through the official Blast Crypto website.
Fulfill specified social tasks, which may involve joining Telegram groups or sharing Blast Crypto-related content on social media.
Provide your wallet address accurately to receive the airdropped tokens.
Maximizing Your Rewards
Unlocking the full potential of Blast Crypto Airdrop rewards doesn't have to be elusive. With strategic planning, you can significantly amplify your benefits. Explore the optimal strategies to maximize your gains and synchronize your participation for the ultimate payout.
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