2024-08-01 12:00:01
Hey there! 👋
What a week to be in the crypto market! Another day, another ATH for Bitcoin. But why has the market suddenly turned optimistic, and could it reverse this week? Let’s try to find out 👇
Why is the market up? 🤔
🔸 One of the main reasons is the shrinking Bitcoin supply on centralized exchanges, which we already covered a few months ago in our digest.
🔸 Another potential driver is the upcoming Senate decisions on the GENIUS and CLARITY Acts.
Economic Calendar 📅
🔸 Throughout the week, inflation data will be released in the U.S., UK and Japan.
Altcoin Unlocks 🔓
🔸 July 17th: deBridge and Solv Protocol are set to release into circulation 20.3% and 20% of the $DBR and $SOLV market caps, respectively.
🔸 July 18th: Trump Memecoin, UXLINK, and Manta Network are going to unlock 45%, 8.15%, and 3.74% of the $TRUMP, $UXLINK, and $MANTA MCs, respectively.
🔸 July 20th: LayerZero and Melania Meme are going to unlock 22.2% and 3.49% of the $ZRO and $MELANIA MCs, respectively.
What a week to be in the crypto market! Another day, another ATH for Bitcoin. But why has the market suddenly turned optimistic, and could it reverse this week? Let’s try to find out 👇
Why is the market up? 🤔
🔸 One of the main reasons is the shrinking Bitcoin supply on centralized exchanges, which we already covered a few months ago in our digest.
🔸 Another potential driver is the upcoming Senate decisions on the GENIUS and CLARITY Acts.
Economic Calendar 📅
🔸 Throughout the week, inflation data will be released in the U.S., UK and Japan.
Altcoin Unlocks 🔓
🔸 July 17th: deBridge and Solv Protocol are set to release into circulation 20.3% and 20% of the $DBR and $SOLV market caps, respectively.
🔸 July 18th: Trump Memecoin, UXLINK, and Manta Network are going to unlock 45%, 8.15%, and 3.74% of the $TRUMP, $UXLINK, and $MANTA MCs, respectively.
🔸 July 20th: LayerZero and Melania Meme are going to unlock 22.2% and 3.49% of the $ZRO and $MELANIA MCs, respectively.