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Decrypt 2024-07-08 23:04:52

FOMO HOUR 153 - A WEAK WEEKEND

BTC sinks 5% then bounces back to unchanged. $58-60k the main area for ‘shorts to defend’. Crypto funds saw $441m inflows last week. German government transfers 1000 BTC to sell. Crypto sentiment at lowest in over a year. ETH spot premium hits local highs. Japanese firm Metaplanet buys $2.5m BTC. Expect more miners merging: TeraWulf CEO. SOL Firedancer bug bounty goes live. GLM transfers $117m of ETH treasury to exchanges. 98% of coins have topped this cycle: Kang. ETH ETF should come in next 2 weeks: Geraci. Crypto progress disheartening: Copeland.

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