Did you know that between May and July 2024, Bitcoin experienced a significant fluctuation? In May, Bitcoin started the month at around $61,827 and climbed to close at approximately $68,005, reflecting a gain of 9.08%. However, it saw a decline in early June before rising again, with the average price in July stabilizing around $54,578​ (Exchange Rates)​​ (Switchere)​.

Bitcoin is a decentralized digital currency created in 2009 by an anonymous entity using the pseudonym Satoshi Nakamoto. It operates on blockchain technology, enabling secure, transparent peer-to-peer transactions without intermediaries. Limited supply (21M coins) adds to its value.

Bitcoin is busy retesting the $92K level… could be a potential double bottom here. Keep your eyes peeled!

This is not what people want to hear. However, if BTC loses the current support we could see a dip to $80K with a brief wick into the $70K zone… buckle up! 😉😎

It is one of those kinda days.
Happy 100K day.

Today Crypto Market Update 📈

The global crypto market cap has surged to $2.46T—an impressive 8.63% increase in the last 24 hours! Total market volume hit $132.08B, up 58.66%.
- DeFi Volume: $5.05B (3.82% of total)
- Stablecoins Volume: $121.53B (92.01% of total)
- Bitcoin Dominance: 59.69% (+0.32%)

The market is buzzing with growth! 🚀

Bitcoin is still battling with the $94K resistance… touch and go at this stage. I still prefer the odds of a dip before continuation. However, Bitcoin often does what it wants…

The long and the short is that Bitcoin is now an instrument of wealth preservation and WEB3 is the new realm of wealth creation. A few thousand dollars invested in Bitcoin has limited, yet attractive yields. However, the same amount of capital effectively deployed in WEB3 has a greater chance of providing a more substantial return.

This is how we are in distribution of Bitcoin, my advice for you is to try and own at least 1 BTC and be among the 57% individual so that we can foster decentralization.