Gold is gliding at $3,362 per ounce, gaining a modest 1% against the U.S. dollar over the past week. While its momentum fizzled a bit over the past month, there’s still chatter that the shiny metal’s climb to $4,000 isn’t out of the question. $4,000 Gold No Fantasy, Says Wisdomtree’s EU-Based Commodities Strategist Gold’s 30-day […]

Gold Eyes $4K: Gold Bugs and Analysts Say the Rally’s Just Getting Started

The disappearing Satoshi statue, symbolizing Bitcoin’s anonymity, was stolen 
in Lugano. Organizers are offering 0.1 BTC to anyone who helps retrieve it.

Disappearing Satoshi statue in Lugano stolen, 0.1 BTC offered for its return

Internxt is creating a digital world that respects user privacy by making the 
ultimate web-3 privacy-first suite a reality. Internxt Drive, Mail, Send, 
Meet, Cleaner, Antivirus, VPN, and more. Fran Villalba Segarra (Spain, 1997) 
is the Founder and CEO of Internxt. He recently joined the Bitcoin.com News 
Podcast to talk about how to make the […]

Privacy Revolution: The Internxt Journey With Founder and CEO Fran Villalba Segarra

XRP prices are down by over 5% in the last day amid a broader price correction 
in the general crypto market. The prominent altcoin now trades around $2.81 
with no indication of a potential pause in selling momentum. While this crisis 
persists, popular X analyst with the username Egrag Crypto has helped identify 
the currently crucial support and resistance levels for the market bulls. 
Related Reading: No Gold? No Problem: Why XRP Stands Strong On Its Own—Analyst 
Hold $2.65 Or Risk Collapse, Break $3.12 And Set For Rally In an X post on 
August 2, Egrag Crypto shares an interesting technical insight on the XRP 
market currently undergoing an intense correction wave. According to the 
renowned analyst, macro analysis indicates the altcoin retains a bullish 
structure; however, the present price correction can only be terminated via 
two pathways. Firstly, micro price analysis suggests that XRP must achieve a 
daily price close above $3.12 to signal a market bottom entry. In doing so, 
the cryptocurrency reclaims a pivotal resistance level, paving the way for a 
potential rise to higher levels such as $3.60. On the other hand, the 
immediate major support level lies around $2.65. Egrag Crypto explains that a 
continuous price decline to successfully retest this price floor may ignite a 
rally, pushing XRP to its current all-time high of $3.84. However, any 
decisive price break below $2.65 could create a rather dire situation, 
pointing to potential lows around $2.19. Related Reading: Exchanges Receive 
21,400 Bitcoin At A Loss From Short-Term Holders – Retail Capitulation? XRP 
Surge To $17 Remains On The Cards In other news, Egrag Crypto&#8217;s analysis also 
reveals that XRP remains in a macro, long-term cyclical pattern that shows a 
multi-year bullish cycle, with recurring structural traits. The key elements 
in this pattern include bullish pennant formation, which suggests a 
continuation pattern, the 21 EMA (Green dotted line) that historically aligns 
with significant trend shifts, the Support Arc (Red line), and the Market 
Cycle Top (blue line). Notably, XRP has since emerged from the bull pennant 
signaling intentions to maintain its current uptrend. However, the altcoin 
faces an insurmountable resistance around $3.84, which aligns with an 
intersection between the mid-cycle top and the 21 EMA line. If XRP can 
successfully break past this price barrier, investors should anticipate a 
direct rally to the projected cycle top $17, representing a potential 525% 
gain on present market prices. At the time of writing, XRP trades at $2.81, 
reflecting a 5.32% decline in the past day as earlier stated. This recent 
price fall underscores a turbulent trading period for the altcoin, which lost 
over 11.38% of its market value in the last week. However, a monthly price 
gain of 22.18% indicates a significant number of investors remain in profit 
despite these corrections. Featured image from Pexels, chart from Tradingview

XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst

American Bitcoin Corporation (ABC), the Trump family-backed Bitcoin mining 
firm, is nearing completion of its backdoor merger with Gryphon Digital Mining 
to go public on Nasdaq. This article is from Theminermag, a trade publication 
for the cryptocurrency mining industry, focusing on the latest news and 
research on institutional bitcoin mining companies. On July 31, Gryphon […]

Trump-Backed American Bitcoin Nears Public Listing as Gryphon Sets Merger Vote Schedule

After weeks of consolidation within a tight range, Bitcoin has broken down 
below the crucial $115K level, reaching a local low around $112,200. This 
correction has sparked a divide among analysts and investors, with some 
viewing it as a healthy retracement that could set the stage for a 
continuation of the broader uptrend. Others, however, warn that this move 
might signal the beginning of a more extended bearish phase if key support 
levels fail to hold. Related Reading: Ethereum New Addresses Surge To Nearly 
257K In A Day, Matching 2017 And 2021 Bull Markets Adding to the market’s 
uncertainty, top analyst Darkfost highlighted a significant shift in exchange 
activity. Data reveals that Bitcoin inflows to Binance have been steadily 
rising since early July, reversing a prolonged downtrend that had been in 
place since March. Given Binance’s position as the largest global crypto 
exchange by volume, this uptick in inflows is a crucial indicator of shifting 
investor behavior. Whether this trend signals an upcoming wave of selling or 
simply reflects portfolio rebalancing remains to be seen. The coming days will 
be pivotal as Bitcoin tests its lower demand zones and market sentiment reacts 
to this new data. Binance Bitcoin Inflows Signal Shift in Market Mood Darkfost 
shared critical data showing that Bitcoin inflows to Binance have steadily 
increased, rising from approximately 5,300 BTC daily in early July to 7,000 
BTC today. While this uptick is not abrupt, it marks a significant reversal of 
a prolonged downtrend that had persisted since March. This change suggests 
that investor behavior is shifting, potentially signaling adjustments in 
market strategies as traders and institutions respond to evolving market 
dynamics. Binance, as the largest cryptocurrency exchange globally by trading 
volume, serves as a critical barometer for overall market sentiment. With over 
250 million users and billions of dollars in daily transactions, fluctuations 
in Bitcoin inflows on this platform often mirror broader structural moves 
within the crypto market. Historically, rising inflows have been associated 
with increased trading activity, whether due to profit-taking, portfolio 
rebalancing, or anticipation of market volatility. Some analysts interpret 
this emerging trend of accelerating inflows as an early sign of preparation 
for heightened market volatility or impending macroeconomic shifts. It could 
indicate that traders are positioning funds on exchanges to either capitalize 
on price swings or hedge against potential downside risks. While the magnitude 
of inflows isn’t alarmingly high yet, the consistency of this rise demands 
attention. The market is watching closely to see whether this signals a 
temporary adjustment or the start of a broader trend. With Bitcoin&#8217;s price 
currently testing lower support zones after breaking below $115K, the behavior 
of these inflows will be pivotal in determining short-term price action. 
Related Reading: Exchanges Receive 21,400 Bitcoin At A Loss From Short-Term 
Holders – Retail Capitulation? Key Support At Risk Amid Increased Selling 
Pressure Bitcoin is trading at $112,477 after breaking down from its two-week 
consolidation range. The price lost the crucial $115,724 support, which now 
flips into immediate resistance. This breakdown marks a significant shift in 
momentum, with BTC testing the 100-day simple moving average (SMA) at 
$114,944, which failed to hold. The next key support zone lies near the 
200-day SMA at $110,348, a level that could become pivotal for bulls 
attempting to regain control. Volume has surged during this decline, 
indicating strong selling pressure as BTC approaches the $112,000 level. If 
the price fails to hold above this zone, a further drop towards the 
psychological $110K level seems likely, with potential for a deeper correction 
targeting previous accumulation ranges from early July. Related Reading: 
Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit- 
Taking? Despite the bearish short-term outlook, bulls still have a chance to 
reclaim momentum if they can swiftly push BTC back above $115,724 and 
establish a consolidation above the 50-day SMA at $117,631. Until then, market 
sentiment remains cautious as investors watch for signs of demand absorption 
or further liquidation-driven declines. Featured image from Dall-E, chart from 
TradingView