Will Bitcoin Only Go Up From Here? 🤔

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRocPM8P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTA4ZDhwbmc5Y2xueVcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Is that a green candle I see? Our favorite digital gold has clawed its way back to $58,000, giving hodlers a reason to put away their panic buttons. For now, at least. And the problem: Analysts - those fun-loving people who enjoy raining on parades - are warning us that this recovery might have the staying power of a New Year's resolution. They're predicting a financial obstacle course. We're talking about billions in potential selling pressure. But hey, this is crypto. If you wanted the boring and predictable, you'd be investing in savings bonds. (No offense) The point is, we've been here before. These market hiccups are like unexpected plot twists in our favorite crypto soap opera. They keep us on our toes and give us something to tweet about. So, let’s discuss these events in detail and all the other big stories that happened in crypto in the past 24 hours. Here is a quick rundown of the top headlines: TLDR: - Fed Chair Powell plays coy on interest rates while Bitcoin dips to a 5-month low. So no [nice upward shift](~/AAQRxQA~/RgRocPM8P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wcmljZS1mbGF0LWFzLWZlZC1jaGFpci1qZXJvbWUtcG93ZWxsLWFkZHJlc3Nlcy1zZW5hdGUtb24taW5mbGF0aW9uP2xpZD05dTJhcDB3YWV5bzhXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) in Bitcoin’s price any time soon? 🎭 - TON and Polygon join forces to create a Layer-2 network. Are we witnessing [the birth](~/AAQRxQA~/RgRocPM8P0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdG9uLWFuZC1wb2x5Z29uLWxhYnMtY29sbGFib3JhdGUtdG8tYnJpbmctZXZtLWZ1bmN0aW9uYWxpdHktdGhyb3VnaC1uZXctdG9uLWwyP2xpZD1sbzUxbDc4dmV1eTBXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) of a new blockchain power couple? 🤝 - BlackRock's BUIDL fund hits $500M, leading the tokenized treasury race. Are they [offering more](~/AAQRxQA~/RgRocPM8P0SKaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxhY2tyb2Nrcy10b2tlbml6ZWQtZnVuZC1idWlkbC1zdXJwYXNzZXMtZG9sbGFyNTAwbS1pbi1hc3NldHMtdW5kZXItbWFuYWdlbWVudD9saWQ9bzlhbnY2Y3NsOXdtVwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) crypto-based products? 💼 - BONK dethrones Dogwifhat as top Solana memecoin. But [what exactly is](~/AAQRxQA~/RgRocPM8P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLW1lbWVjb2luLWJvbmstZmxpcHMtd2lmLWluLW1hcmtldC1jYXAtd2hpbGUtYnRjLWZhY2VzLXNlbGxpbmctcHJlc3N1cmU_bGlkPXcxMWI0NW41ZGN6ZVcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) pumping the memecoins when the entire market is ranging? 🤔 - Doja Cat's X account gets hacked, spawning a short-lived scam token. [How many people](~/AAQRxQA~/RgRocPM8P0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcmFwcGVyLWRvamEtY2F0cy14LWFjY291bnQtaGFja2VkLXRvLXByb21vdGUtc2NhbS10b2tlbi1pbnZlc3RvcnMtbG9zdC1kb2xsYXIxNm0_bGlkPWV0dmVsb3V4enc4cFcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) fell for this cat-astrophe before the jig was up?💰 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.15T ▲1.89% (24h) 24H MARKET VOLUME $63.52B ▼19.63% (24h) BITCOIN’S DOMINANCE 53.75% ▲0.18% (24h) FEAR & GREED INDEX 40 Fear [Bitcoin] Bitcoin $58,650.31 ▲2.39% (24h) [Ethereum] Ethereum $3,104.48 ▲1.19% (24h) [BNB] BNB $528.24 ▲2.82% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRocPM8P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWk5Z2dmMXJoOGJzYVcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRocPM8P0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9OGtiemkwejFhanFrVwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRocPM8P0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD03N3l1NDQwODF0bXhXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRocPM8P0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPWJ2cGwzbGJ2bzV6b1cDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 10 Jul 2024 11:15 UTC TOP GAINERS 24H% [DOGO] [DOGO](~/AAQRxQA~/RgRocPM8P0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲3486.9% [White Yorkshire] [White Yorkshire](~/AAQRxQA~/RgRocPM8P0Q1aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3doaXRlLXlvcmtzaGlyZS9XA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▲1633.06% [Unix Gaming] [Unix Gaming](~/AAQRxQA~/RgRocPM8P0QxaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3VuaXgtZ2FtaW5nL1cDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲1105.58% TOP LOSERS 24H% [MAMA BILLY] [MAMA BILLY](~/AAQRxQA~/RgRocPM8P0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL21hbWEtYmlsbHkvVwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼95.56% [Wegie] [Wegie](~/AAQRxQA~/RgRocPM8P0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼91.8% [Roost Coin] [Roost Coin](~/AAQRxQA~/RgRocPM8P0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3Jvb3N0LWNvaW4vVwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼81.74%   Fed’s Rate Cut: Bitcoin Holds Steady It's that time in crypto again - Federal Reserve Chairman Jerome Powell's taking center stage in the Senate, and Bitcoin's watching from the sidelines. As Powell faced the Senate Banking Committee, Rep. John Kennedy cut right to the chase: "So, when are you going to lower interest rates?" But Powell, ever the smooth operator, wasn't about to spill the beans. "Today, I'm not going to be sending any signals about the timing of future actions," he said. Meanwhile, Bitcoin's been hanging around its five-month low. Zach Pandl from Grayscale thinks Powell might be laying the groundwork for a policy shift. So no nice upward shift in Bitcoin’s price any time soon? [Read the full story](~/AAQRxQA~/RgRocPM8P0SGaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wcmljZS1mbGF0LWFzLWZlZC1jaGFpci1qZXJvbWUtcG93ZWxsLWFkZHJlc3Nlcy1zZW5hdGUtb24taW5mbGF0aW9uP2xpZD1hdWM1anZuOGJ3MnpXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   TON and Polygon Team Up TON and Polygon Labs have decided to join forces, and they're bringing Ethereum's tricks to the TON ecosystem. So, what's the big deal? They're introducing something called the TON Application Chain (TAC), which is basically a Layer-2 network built on TON. This collaboration is bringing in the big guns. We're talking about Curve founder Michael Egerov and the team behind The Open Protocol (TOP). Moreover, TAC is planning to raise an additional $5 million. So what is this layer 2 about? And does TON even need one? [Read the full story](~/AAQRxQA~/RgRocPM8P0SJaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdG9uLWFuZC1wb2x5Z29uLWxhYnMtY29sbGFib3JhdGUtdG8tYnJpbmctZXZtLWZ1bmN0aW9uYWxpdHktdGhyb3VnaC1uZXctdG9uLWwyP2xpZD15ZWdzODJrajZrNHBXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   BlackRock's BUIDL BlackRock's tokenized fund, BUIDL, has just crossed the $500 million mark, making waves in both traditional finance and crypto circles. In just four months, BUIDL (BlackRock USD Institutional Digital Liquidity Fund) has become the largest tokenized fund, surpassing $502.8 million in market value. It's outpaced Franklin Templeton's FOBXX, which now sits in second place with over $400 million under management. This rapid growth highlights the increasing interest in tokenized treasuries. The market has expanded by over 130% since the start of the year, now valued at more than $1.8 billion. It's a trend that's catching the attention of both investors and industry experts. So BlackRock is basically leading the RWA race at this point? Are they offering more crypto-based products? [Read the full story!](~/AAQRxQA~/RgRocPM8P0SKaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYmxhY2tyb2Nrcy10b2tlbml6ZWQtZnVuZC1idWlkbC1zdXJwYXNzZXMtZG9sbGFyNTAwbS1pbi1hc3NldHMtdW5kZXItbWFuYWdlbWVudD9saWQ9M3cycWcyMWtwd291VwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Canza Finance Selected as Incubatee of CMC Labs [Canza Finance Selected as Incubatee of CMC Labs](~/AAQRxQA~/RgRocPM8P0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2FuemEtZmluYW5jZS1zZWxlY3RlZC1hcy1pbmN1YmF0ZWUtb2YtY21jLWxhYnMtY29pbm1hcmtldGNhcHMtd2ViMy1hY2NlbGVyYXRvci1wcm9ncmFtP2xpZD14c294eDdvMjBqdm1XA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) CoinMarketCap has announced the selection of Canza Finance as an incubatee of its CMC Labs accelerator program. [Read More](~/AAQRxQA~/RgRocPM8P0SSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY2FuemEtZmluYW5jZS1zZWxlY3RlZC1hcy1pbmN1YmF0ZWUtb2YtY21jLWxhYnMtY29pbm1hcmtldGNhcHMtd2ViMy1hY2NlbGVyYXRvci1wcm9ncmFtP2xpZD1hZHpsZDR3eG8zODZXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   BONK Takes the Memecoin Crown While Bitcoin's feeling the heat from Germany's sell-off and Mt. Gox's repayment, the memecoin market is having its own little party. BONK, the Solana-based memecoin, has jumped 12% in the last day, flipping Dogwifhat (WIF) to become the biggest Solana memecoin. But BONK's not the only one enjoying the pump. Brett from Base is up 6%, and Ethereum's Mog Coin climbed 8.7%. But what exactly is pumping the memecoins when the entire market is ranging? [Read the full story](~/AAQRxQA~/RgRocPM8P0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc29sYW5hLW1lbWVjb2luLWJvbmstZmxpcHMtd2lmLWluLW1hcmtldC1jYXAtd2hpbGUtYnRjLWZhY2VzLXNlbGxpbmctcHJlc3N1cmU_bGlkPWJheXl5c3lzcWNsMVcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Another Day, Another X Account Hack… Doja Cat’s X account was hacked on July 8, and the culprits decided to play amateur token creators. The scammers launched a token called "Doja Cat (DOJA)" and used the hacked account to promote it. For a hot minute, this DOJA token hit a market cap of $1.65 million. But quickly, it nosedived to $16,820. The hacked post was quite the production. So how did people not realize it was a scam? And how long it took Doja Cat to announce that it was a fake token? [Read the full story](~/AAQRxQA~/RgRocPM8P0SLaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvcmFwcGVyLWRvamEtY2F0cy14LWFjY291bnQtaGFja2VkLXRvLXByb21vdGUtc2NhbS10b2tlbi1pbnZlc3RvcnMtbG9zdC1kb2xsYXIxNm0_bGlkPTkwMWN4M2d2cGg0aFcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   We will see you tomorrow with more updates!   [Apple Store](~/AAQRxQA~/RgRocPM8P0Q6aHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MVcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Google Play](~/AAQRxQA~/RgRocPM8P0RQaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVNXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Twitter](~/AAQRxQA~/RgRocPM8P0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD01Mmpxc2FtMHFsNTVXA3NwY0IKZo48bo5mTT9geVIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRocPM8P0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXN2Z3R4ZGNiODd1c1cDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRocPM8P0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPXB0dGFreGV4OGtieFcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRocPM8P0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9bTgxdWlkZmt0dm52VwNzcGNCCmaOPG6OZk0_YHlSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRocPM8P0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPXpxYjlyaGI1OHRralcDc3BjQgpmjjxujmZNP2B5Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) DISCLAIMER: Please be aware that CoinMarketCap is NOT a cryptocurrency exchange and does NOT facilitate the buying, selling, withdrawal or trading of crypto/token assets. 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