Crypto News: Crypto Surges After Trump Assassination Attempt

Crypto market cap rose by 4.10%, reaching $2.41 trillion

• Ethereum ETF approval could boost ETH, with analysts predicting better performance over Bitcoin amidst bearish BTC trends.

• The assassination attempt on pro-crypto US presidential candidate Donald Trump is believed to have influenced investor sentiment.

Major Events To Watch

Crypto Fear and Greed Index:

Crypto Fear and Greed Indicator shows current market sentiment as 52 (Greed), up from 33 (Fear) yesterday and 27 last week.

Cryptocurrency has seen an upward trend over the past day

TOP 5 Gainers Coins

Latest Market Update: 

• Bitcoin (BTC) rose above $62,000 over the weekend, recovering from last week's losses.

• Popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw gains across the board.

• The PENDLE token was the biggest gainer with a 24-hour increase of over 14%.

• Fantom (FTM) was the biggest loser with a 24-hour decrease of over 1%.

• In the last 24 hours, the total crypto market volume reached $58.51 billion, a 17.14% increase.

• DeFi accounts for $3.83 billion, representing 6.54% of the total market volume.

• Stable coins volume is now $52.89 billion, making up 90.40% of the total.

• Bitcoin's dominance rose to 53.95%, an increase of 0.29% over the day.

Major Worldwide News Update:

• Ethereum has outperformed Bitcoin for two months, and analysts expect further gains with the upcoming Ethereum ETF launch. This ETF is likely to attract significant capital inflows, boosting ETH's price and strengthening its position against BTC, particularly amid a potential bearish divergence on Bitcoin's weekly chart.

• A phishing scammer returned $9.3 million to a victim after stealing $24 million last September. The funds, transferred in Dai stablecoin, were sent back in two transactions on July 8 and July 13. The scammer contacted the victim, expressing a desire to return the money. The incident highlights ongoing vulnerabilities in token approval processes.

• Former U.S. President Donald Trump plans to speak at the Bitcoin Conference in Nashville, Tennessee, despite surviving an assassination attempt on July 13 in Pennsylvania. David Bailey, CEO of Bitcoin Magazine, confirmed on July 14 that Trump remains in good spirits and is excited to deliver his speech on July 27.

• South Korea's ruling government is considering delaying crypto tax implementation until January 2028 instead of January 2025. Crypto taxation has been postponed multiple times, influenced by public opinion and market conditions. Critics argue that the system is unprepared for full-scale crypto taxation, and additional legislative measures are required for effective implementation.

• Whistleblowers from OpenAI filed a grievance with the SEC, alleging the firm's illegal use of restrictive NDAs to prevent discussing safety concerns with federal agents. Senator Chuck Grassley supported the whistleblowers, urging changes. OpenAI spokesperson Hannah Wong stated the company has updated its policies to protect employees' rights and removed nondisparagement terms.

• Tap-to-earn games have gained momentum, creating a new genre of crypto gaming that thrives on the messaging app Telegram. These games feature simple mechanics where players tap an icon or coin to earn points or in-game currency. Despite their simplicity, they have captivated millions, significantly changing the perception and play of blockchain games.

• Traditional money launderers are increasingly using crypto networks to launder cash, according to Chainalysis. These transactions, often split into amounts just below regulatory thresholds, mimic suspicious activities seen in traditional banking. Chainalysis' report highlights the scale of this trend, emphasizing the need for improved crypto compliance techniques.

COIN GABBAR Views: Bitcoin Price Breaks $62K: Rising Bullish Momentum, Will Prices Go Higher? Bitcoin Price Prediction After Former US President Donald Trump Assassination Attempt – How Will Markets React? Ethereum Price Prediction: Will ETH Reach $5K Amid German BTC Sell-Off? To get latest news Stay tuned us at coingabbar

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