_{Authors: Trav and TheOpenChain}

Market Movers: July 22

Delivering the most relevant info you need to win this coming week.

Not to worry, we will still be delivering high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

• Chart Insight:

  • Last Week's High: $68,380

  • Last Week's Low: $60,666

  • Weekly Volume: Down from Previous week. Below Average.

  • Daily RSI: 64 - Neutral. (Oversold < 30, Overbought >70)

  • Support Levels: $64.5k, $61k

  • Resistance Levels: $67.7k, $70.2k

  • Trend Last Week: BULLISH!

• Social Sentiment:

• Whales Positioning:

2. Sector Overview

3. Token Performance

Best and worst performers over the past week, of the top 300 tokens by market cap:

4. VC Project Funding

Top Projects that received VC funding last week.

5. Crypto Market News

• Catalysts and News events for this week:

  • Biden Backs Out and Crypto Reacts: Market saw a push to the upside as Biden steps down, replaced by Kamala Harris. (CoinDesk)

  • ETH ETF: 5 Ethereum ETF’s are going live on January the 23! (The Block)

  • Elon’s Laser Eyes: Musk changes his X pfp to have laser eyes, speculated pro-crypto move, and lands in Tennessee, speculation on going to Bitcoin Conference. (Crypto News)​

  • Mt. Gox Repayments: Transfers small amount of BTC to Bitstamp exchange, likely in anticipation of creditor repayment. Previous repayments have had negative impact on Bitcoin’s price. (The Block)​

  • Binance.US to Invest User Funds in US Treasuries: after approval from US Judge. Funds will have to be transferred to US based third party. (The Block)

  • Is Kamala Harris Pro-Crypto?: The Digital Chamber encourages Harris to adopt a pro crypto stance. (The Block)

• Largest Token Unlocks this week:

6. Top NFT Projects by 7 day Volume Last Week

7. Community Corner

• Your Voice Matters!

  • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

  • This Week’s Question: “Is Social Sentiment really helpful?” - Thanks Ralph for the great question!

• Answer: It’s incredibly helpful, but not like you’d think.

• When sentiment is overly euphoric, price is likely making a top.

• When fear is rampant, and the bearish vibes are everywhere, price is likely making a bottom.

• This is due to many different factors, some say these vibes are strategic, to influence price so that whales can profit…

• Also, it is just the natural cyclic nature of the markets: What goes up, must come down and vice versa.

Bonus Alpha: 

New opportunity with the Yeti-Apes:

The Yeti-Apes team are launching an initiative where anyone can join their discord community, host a community based game (ex. poker, trivia, royal rumble, etc.) and get paid!

Check out their bio on X and join their discord server HERE.

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe