Is Crypto Bull Run Over? ($)
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- ☹️ Blast Airdrop Farmers Aren't Happy. Blast's token launch arrived with a thud as its price tanked and early depositors posted meager gains.
Read more on Bankless.com - 👨⚖️ Crypto Execs Jailed Over HYDRO Price Manipulation. This case marks the first federal criminal trial where a cryptocurrency was deemed a security.
Read more on Bankless.com - 🕹️ Game Developer Animoca Reportedly Eyeing Overseas IPO. They could be going public as early as 2025 in Hong Kong or the Middle East.
Read more on Bankless.com
📸 Daily Market Snapshot: Crypto markets trended downwards Wednesday afternoon as investors reacted to the U.S. Government's movement of $240M worth of BTC to Coinbase. The government currently holds more than $13B in BTC.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.25T | ↘ 1.7% | ↘ 4.7% |
|
BTC $60,884 | ↘ 1.6% | ↘ 6.0% |
|
ETH $3,383 | ↘ 0.9% | ↘ 4.4% |
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
Read 4 takeaways from the first 6 months of 2024.👇
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Is the crypto bull market over?
The crypto sentiment has suddenly flipped bearish. The skeptics are saying that the ETH ETF will amount to nothing. Gox will dump on you. There are no new crypto use cases. There’s too much token supply. The bearish list goes on.
So what gives? Is this just summertime slowness, or is the bull market over?
Hear what David and Ryan have to say 👇
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.