Beneath is a weekend market information recap on BTC, ETH, PEPE, METIS, ORDI.
$METIS and $ETH:
On July 9, the PolyNetwork exploiter sold 43.27K $METIS for 349.4 $ETH ($652K) on the Ethereum chain over the previous 15 hours, inflicting a greater than 10% drop in $METIS worth. The exploiter nonetheless holds 62,818 $METIS ($961K) and will proceed to promote extra, doubtlessly affecting the $METIS market.
Additionally on July 9, a distinguished crypto dealer often known as Dimethyltryptamine.eth made a considerable sale of 180 billion $PEPE for 149.4 $ETH, equal to $279K. This sale leaves 2.07 trillion $PEPE, value roughly $3.24M, in circulation. The dealer initially spent 0.125 $ETH ($251) to purchase 5.9 trillion $PEPE and has since offered a complete of three.83 trillion $PEPE for two,411 $ETH, netting round $4.5M.
$ETH and $BTC:
On July 8, a sensible dealer recognized as 0xe28, who has a buying and selling revenue of $841K, started to lengthy $ETH and $BTC. The dealer’s positions in $ETH and $BTC might doubtlessly affect the market costs of those cryptocurrencies.
Ordinals(#ORDI) and Bitcoin ($BTC):
On July 8, Dune Analytics knowledge showed that the Bitcoin NFT protocol Ordinals has minted roughly 15.4 million inscriptions, producing a complete price revenue of 1813 BTC, value about $54.975M.
On July 7, Hong Kong-listed firm Linekong Interactive Group (08267.HK) announced that it had bought a complete of 44.2812 Bitcoins on the open marketplace for $590K and $650K respectively. This company funding in Bitcoin might doubtlessly affect its market worth.
$ANKR and Flare($FLR):
Additionally on July 7, Ankr introduced that it might quickly be including the Flare blockchain to its RPC service. This growth is anticipated to learn builders trying to construct scalable and data-connected dApps on high of Flare.
On July 6, Matrixport’s report indicated that Bitcoin reached a one-year excessive on June 22, 2023, signaling the top of bear markets and the beginning of recent crypto bull markets. This sign has been triggered 4 instances, with bull markets occurring in 2013, 2017, and 2021. Based mostly on earlier indicators, it’s a 100% likelihood that by the top of 2024, Bitcoin will expertise one other huge bull market with a worth goal of $125,000 (+310%).