Hedera Hashgraph token price pulled back on Tuesday, July 15, as the recent bullish momentum faded. Hedera Hashgraph (HBAR)retreated to a low of $0.2290, down 12% from its highest point this month. Its retreat coincided with that of Bitcoin (BTC)…

HBAR price at risk of sharp pullback as mean reversion looms

Hyperliquid ranks third globally in PUMP spot volume, surpassing MEXC and 
Bitget with $165M in trades over 24 hours.
The post Hyperliquid overtakes MEXC and Bitget in PUMP spot trading volume 
appeared first on Crypto Briefing.

Hyperliquid overtakes MEXC and Bitget in PUMP spot trading volume

Data shows Bitcoin&#8217;s retrace below the $117,000 level came right after a major 
spike in social media chatter, often a contrarian signal. Bitcoin Social 
Dominance Saw A Huge Spike As BTC Crossed $123,000 In a new post on X, the 
analytics firm Santiment has shared how social media users reacted to the 
latest Bitcoin price breakout. The indicator of interest here is the &#8220;Social 
Dominance,&#8221; which tells us about the share of social media discussions related 
to the top 100 cryptocurrencies that any given coin occupies. Related Reading: 
Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH The metric is 
based on another indicator known as Social Volume, which gauges the unique 
number of posts/threads/messages on major social media platforms that mention 
an asset. The reason the Social Volume doesn&#8217;t simply count up the mentions 
themselves is so that a few social media circles with a large amount of 
discussion don&#8217;t skew the data by themselves. The metric&#8217;s value only spikes 
when talk around the asset is more spread out. The Social Dominance determines 
what percentage of the Social Volume associated with the 100 largest coins by 
market cap that a particular cryptocurrency accounts for. Now, here is a chart 
that shows the trend in the metric for Bitcoin over the last couple of years: 
As displayed in the above graph, the Bitcoin Social Dominance shot up to a 
high of 43% when its price rallied to the new all-time high above $123,000. 
This means that the asset was receiving mentions in almost half of the social 
media discussions related to the digital asset space. The latest spike 
surpasses any other from the last two years, showcasing the rare dominance of 
mindshare that BTC achieved during the rally. Since the social media talk has 
intensified, however, the BTC price has plummeted. This isn&#8217;t anything too 
unexpected, as Bitcoin and other digital assets have historically tended to 
move in the direction that goes contrary to the expectations of the retail 
crowd. Whenever social media users get too hyped up, prices can correct 
downwards. Similarly, an excess of fear can facilitate bottoms. &#8220;Though it&#8217;s 
generally a fantastic sign that the #1 market cap has had its deserved 
spotlight, the sudden spike was indicative of many retail traders FOMO&#8217;ing 
in,&#8221; notes Santiment. &#8220;Wait for the euphoria to cool down some, and you&#8217;ll 
likely find another key entry point coming up.&#8221; Related Reading: Bitcoin Hits 
$123,000—But Inflows Are Just A Fraction Of 2024’s Peak It now remains to be 
seen how social media sentiment would develop now that the price has declined 
and whether it would play a role in shaping Bitcoin&#8217;s next move. BTC Price 
Bitcoin has witnessed a drop of more than 3.5% in the last 24 hours, which has 
brought its price back to the $116,900 mark. Featured image from Dall-E, 
Santiment.net, chart from TradingView.com

Bitcoin Returns Under $117,000: Is Social Media FOMO To Blame?

Virtuals Protocol updates Genesis emissions to reward ACP-integrated agents 
and meaningful market participation.
The post Virtuals Protocol updates Genesis emissions to favor ACP-integrated 
agents appeared first on Crypto Briefing.

Virtuals Protocol updates Genesis emissions to favor ACP-integrated agents

The funding comes at a time when key crypto legislation will be debated during 
what the U.S. House of Representatives dubbed “Crypto Week.” Crypto Super PAC 
Nabs $140M Ahead of Midterms Crypto political action committee (PAC) Fairshake 
has raised more than $140 million in preparation for the 2026 U.S. midterm 
elections, according to reporting published […]

Fairshake Crypto Super PAC Raises $140M for US Midterm Elections

As the Crypto Week event, aimed at speedrunning three crypto bills, kicked off 
in DC, Democrats started their own event called Crypto Corruption Awareness 
Week. Rep. Maxine Waters, Rep. Stephen Lynch, and their comrades are pushing 
for clauses that will…