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BTC Falls as Mt. Gox Repayment Roils Crypto Market 🫠

BTC Traders Target $50K as Billions in BTC Selling Pressure Looms, Hamster Kombat hits 239M users in 81 days, First Appearance of Wolverine Drops July 9th, BTC Price Today, and more!

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Traci Smith & Mike Cullison
July 05, 2024

GM 💡 Let’s finish off the week with some fireworks! 🧨 Here is your 5-minute read to stay in the know on the crypto world.

In Today’s Crypto World:

  • BTC Traders Target $50K as Billions in BTC Selling Pressure Looms ⚠️

  • BTC Falls as Mt. Gox Repayment Roils Crypto Market 🫠

  • Hamster Kombat hits 239M users in 81 days 🚀

  • Gainers & Newbies 👀

  • First Appearance of Wolverine Drops July 9th ‼️

  • BTC Price Today 📉

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms

“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

www.coindesk.com

Bitcoin Falls as Mt. Gox Repayment Roils Crypto Market

The trustee for the Mt. Gox bankruptcy estate began repaying creditors, roiling the cryptocurrency market.

finance.yahoo.com

Hamster Kombat hits 239M users in 81 days — Telegram’s Durov

Telegram founder Pavel Durov believes Hamster Kombat's upcoming token mint on the TON blockchain could onboard hundreds of millions of users to Web3.

cointelegraph.com

DEGEN PLAYS
GAINERS & NEWBIES 👀 

*Market insights are updated daily.

VEVE & NFT
1ST APPEARANCE OF WOLVERINE DROPS JULY 9TH ‼️

CHART OF THE DAY
BTC PRICE TODAY 📉

What you need to know

The price of Bitcoin (BTC) now is $56,414.40.

Over the past 24 hours the price of Bitcoin has changed by -1.73% from $57,381.30 to $56,390.41.

Over the past month the price of Bitcoin has changed by -20.91% from $70,964.70 to $56,122.90.

What is the year-to-date return for Bitcoin?

Since the start of the year Bitcoin (BTC) has generated a return of 34.81%.

How far is current price from the all-time-high (ATH) price of Bitcoin?

To reach the all time high price of $72,985, Bitcoin needs to increase by 29.37%.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - WHAT IS METAMASK? 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS RENDER? 💡

RNDR (Render Token) is a revolutionary cryptocurrency that powers the Render Network, which provides decentralized GPU rendering solutions. Key points include:

  1. Decentralized Rendering: RNDR allows users to leverage unused GPU power from a global network, making high-quality rendering more accessible and efficient.

  2. Cost-Effective: By utilizing distributed computing, RNDR significantly reduces the costs associated with traditional rendering services.

  3. Scalability: The network can handle large-scale rendering tasks, accommodating projects of any size.

  4. Creative Freedom: RNDR empowers artists, designers, and developers with powerful tools for creating detailed visual content.

These features make RNDR a game-changer in the digital content creation industry, offering innovative and efficient solutions.

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OWLGO’S HOT X POST 🚀

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Brought To You By: DailyGainsCrypto.com 

DISCLAIMER: None of this is financial 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. Please be careful and do your own research.05/31/202406/12/