_{Authors: Trav and TheOpenChain}

Market Movers: July 8

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: $63,801

  • Last Week's Low: $53,499

  • Weekly Volume: Up from previous week, above average.

  • Daily RSI: 32 - Neutral/Oversold. (Oversold < 30, Overbought >70)

  • Support Levels: $56k, $52k

  • Resistance Levels: $58k, $60k, $62k

  • Trend Last Week: Bearish

• 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:

  • German Government is Tanking Bitcoin: Here’s everything you need to know about what they’re up to (BSCN)​.

  • Justin Sun Wants to Save Bitcoin: Offered to buy the remaining $2.3 Billion worth of Bitcoin from the German Government, to avoid massive market dumps (BSCN).

  • Justin Sun Hints Gasless Stablecoin: TRON Founder Justin Sun announces gasless stablecoin for TRON by the end of summer, EVM chains to follow (The Block)

  • Polkadot… You Good Bro?: Some sketchy details from Polkadot’s recent Treasury Report (BSCN)​.

  • Highest BTC ETF Inflows in 30 Days: “The outlook for Bitcoin has never been stronger,” Bitwise’s CEO posted on X (The Block).

  • Golem Transfers $108 Million ETH to Exchanges: Recent data reveals that Golem's primary wallet has facilitated multiple transfers of ETH to various other wallets, including exchanges such as Binance, Coinbase, and Bitfinex (BSCN)​.

  • US House to Reconsider Bill to Overturn SAB 121: After President Biden Veto’d SAB 121, house is set to challenge. If successful, it will become easier for Crypto Companies to work with banks (DLNews).

• 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: “What’s your favourite trading indicator?” - Thanks Ralph for the great question!

• Answer: 100% its the Volume Profile.

• It shows you the amount of volume by price, instead of by time.

• It not only shows you important levels of support and resistance, it also shows you areas that will attract and repel price.

• Find it for free on TradingView by searching VPVR or Volume Profile.

• Want a full breakdown? Reply to this article and we’ll make it happen.

Bonus Alpha: 

Cerus Vaults, a defi protocol on the Metis Andromeda Layer 2, is flipping the script when it comes to yield farming.

Not only have they incorporated NFT’s to boost returns, but they are an omni-chain protocol with mechanisms to win even during a bear market.

They just hinted at some bonus rewards for active community members. Check out their post below.

Check out their bio on X 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