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  • Traders Eye $71.5K BTC Price as Open Interest Jumps 13% ↗️

Traders Eye $71.5K BTC Price as Open Interest Jumps 13% ↗️

Trump Says He’ll Release Fourth NFT Collection, Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creator, Alien Drop, and more!

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Traci Smith & Mike Cullison
July 17, 2024

GM 💡 Another eventful week in the crypto world 🌍 Get caught up with 5 minutes of Daily Gains 👍

In Today’s Crypto World:

  • Trump Says He’ll Release Fourth NFT Collection 🇺🇸

  • Traders Eye $71.5K BTC Price as Open Interest Jumps 13% ↗️

  • Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creator 🧳

  • Gainers & Newbies 👀

  • Alien Drop 👽

  • BTC Active Addresses 🏠

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Trump Says He’ll Release Fourth NFT Collection: 'The People Want Me to Do Another One'

Trump’s presidential campaign has raised about $3 million in crypto, mostly bitcoin and ether.

www.coindesk.com

Traders eye $71.5K Bitcoin price as open interest jumps 13%

Bitcoin’s price is solidifying above $65,000, which, according to crypto traders, could lead to a 10% gain if historical patterns hold true.

cointelegraph.com

Craig Wright Could Face Perjury Charges for Claiming to be Bitcoin Creator

Judge Mellor believes the case merits a referral to the CPS for possible criminal proceedings

cryptopotato.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
ALIEN DROP 👽

CHART OF THE DAY
BTC ACTIVE ADDRESSES 🏠

The number of addresses on the Bitcoin blockchain that either sent or received transactions.

This is a useful metric to monitor over time as it shows the amount of activity happening on the Bitcoin network. As Bitcoin becomes more and more adopted over time, the number of active addresses increases.

However, you can also see zooming in that during periods where the price drops, so too can active addresses as speculators hoping that $BTC price will go up, become less interested in bitcoin in the near term. That drop-off in speculation and general usage results in drops in the number of active addresses.

The bitcoin chart above uses a 7 day moving average for the number of bitcoin active addresses to smooth out the daily fluctuations.

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

HOOT’S OF ENLIGHTENMENT
WHAT IS IMX? 💡

Immutable X (IMX) is a leading Layer 2 scaling solution for Ethereum, specifically designed for NFTs. Key points include:

  1. Scalability: Immutable X provides instant transaction finality and can process over 9,000 transactions per second, making it highly scalable.

  2. Zero Gas Fees: Users enjoy gas-free transactions, significantly lowering costs associated with NFT trading and minting.

  3. Security: It inherits Ethereum’s security, ensuring robust protection for digital assets.

  4. Eco-Friendly: Immutable X is carbon-neutral, addressing environmental concerns associated with blockchain technology.

These features make IMX an exceptional platform for NFT creation and trading, enhancing user experience and sustainability.

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

OWLGO’S LOLS
DAILYMEMES 🤣

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/