Did your over-reaction cause BTC to fall?

Author

Tracey Plowman
August 21, 2024

This Week in Crypto

Curious Archives - Equity Mates Media

Are you crypto curious? Do you hear NFT and think WTF? Have you heard about Bitcoin and Ethereum but unsure where to start?

equitymates.com/show/crypto-curious

Bitcoin & Ethereum at a glance.

X marks the spot.

Good articles.

3 reasons why Bitcoin won’t be ‘boring’ in September

While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024.

3 reasons why Bitcoin won’t be ‘boring’ in September (cointelegraph.com)

Paypal PYUSD Become Sixth Largest Stablecoin

Paypal is a digital payment service provider that is widely popular for its cross-country transactions and multiple payment options. Moreover, its crypto-friendliness has made crypto investors favor this brand. Especially after the company launched PYUSD, a popular stablecoin whose value is pegged to the dollar.

Paypal PYUSD Become Sixth Largest Stablecoin | CoinGape

Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K

On Aug. 5, Bitcoin price crashed more than 15% to a six-month low of $49,050. Glassnode analysts believe the correction was an “overreaction” by short-term holders.

Bitcoin short-term holders ‘over-reaction’ a factor in BTC’s drop below $50K — Glassnode (cointelegraph.com)

6 memes in 12 seconds.

More really good articles.

Malaysian Police Crushed Hundreds of Bitcoin Mining Rigs With a Steamroller

Amid a countrywide crackdown on electricity theft, Bitcoin mining rigs faced their fate—being pulverized in a parking lot for cameras.

Malaysian Police Crushed Hundreds of Bitcoin Mining Rigs With a Steamroller - Decrypt

Reddit Community Tokens Moons and Bricks Soar 50% on Kraken Listing

Reddit's community tokens Moons (MOON) and Bricks (BRICK) surged after Kraken, one of the largest centralized crypto exchanges by trading volume, added support for the coins on Monday.

Kraken Listing Triggers Over 50% Rally in Reddit's Community Tokens Moons (MOON) and Bricks (BRICK) (coindesk.com)

‘What the Crypto?’

Colorado Church Network Tokenizes Chapel to Raise $2.5 Million

he Colorado House of Prayer, a network of affiliated church groups, has embarked on an initiative to purchase their main chapel by leveraging blockchain technology.