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Bitcoin and other crypto tokens were trading higher on Monday amid positive cues in the riskier asset class market. The move in altcoins was steep on the back of global recession signs and positive macroeconomic cues. Issuers work to refile their bitcoin ETF applications after the US SEC's comments.Ripple (XRP) is currently in consolidation phase after facing rejection at $0.50. After recording short-term gains last month, the asset is trying to regain momentum past two weeks of weak price action.Image: Chart-XRPXRP is trying to break its 100-day moving average, which acts as pivotal resistance. A break above this could lead the asset towards $0.60. On the other hand, $0.45is a key support level with $0.40 providing the final line of defence, beyond which XRP might experience a sharp decline. Its RSI continues to move sideways in a neutral zone reflecting weak buying activity.Major Levels:Support: $0.45, $0.40Resistance: $0.53, $0.60(Views and recommendations given in this section are the analysts' own and do not represent those of Business Today. Please consult your financial adviser before taking any position in the asset/s mentioned.)

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Crypto Price Today: Bitcoin holds $30,500; Ethereum trades nears $1,950; Altcoins jump up to 10% - Business Today

Bitcoin Depot, one of the largest cryptocurrency ATM firms in the United States, has announced the closing of a merger deal allowing the company to go public.

In a June 30 announcement, fintech firm GSR II Meteora Acquisition Corporation said its stockholders had approved the merger for the firm to act as a special purpose acquisition company for Bitcoin Depot. The deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot on the Nasdaq starting July 3.

According to Bitcoin Depot founder and CEO Brandon Mintz, the merger deal was aimed at supporting numerous growth opportunities and promoting the adoption of Bitcoin (BTC) in North America. Investors will be able to find shares of Bitcoin Depot under the ticker symbols BTM and BTMWW for its common stock and public warrants, respectively.

Related: Net Bitcoin ATMs record an increase after 4 months of global downtrend

The announcement came amid regulatory scrutiny of firms in the U.S. offering crypto products or services. The Securities and Exchange Commission filed lawsuits against exchanges Binance and Coinbase for alleged unregistered securities offerings. However, investment vehicles with exposure to crypto also seem to be on the rise following BlackRock filing an applicationin June to list a spot Bitcoin exchange-traded fund.

Founded in 2016, Bitcoin Depot is one of the biggest crypto ATM firms in North America, with more than 9,130 locations, according to its website. In May, fellow ATM provider Bitcoin of America announced it would shutter operations in Connecticut following the states Department of Banking saying the firm didnt have the proper licensing.

Magazine: Bitcoin is on a collision course with Net Zero promises

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Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3 - Cointelegraph

Innovation and creativity often collide, resulting in the birth of remarkable creations. One of those creations is the meme coin. Its essential to understand the intricacies of these token supply models. To understand the model employed, we will explore the token supply models of DogeMiyagi (MIYAGI), Bitcoin (BTC), and Dogecoin (DOGE). We will be exploring their similarities and differences. By examining these models, we aim to shed light on their implications on token value, scarcity, and inflation within the cryptocurrency market. Join us as we unravel these three prominent cryptocurrencies unique characteristics and potential.

DogeMiyagi (MIYAGI), made after the 80s movie Karate Kid, has gained more ground in the crypto world. The coin operates within the realm of cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE). What sets DogeMiyagi (MIYAGI) apart is its emphasis on delivering excellent returns for its investors. Since its new, investing in it will involve little risk.

DogeMiyagi (MIYAGI) distinguishes itself from other cryptocurrencies through creative engagement strategies. Their referral token system takes a unique tack. You may buy alongside your loved ones and create personalised codes, and you may buy alongside them and earn a 10% reward for investments. The idea of community is one of its greatest strengths.

Everyone responds favourably to this innovative strategy, which promotes inclusiveness and enjoyment. Since users are lured by the possible rewards and the entire process of participating in the DogeMiyagi (MIYAGI) ecosystem, the initiatives creative side is essential to attracting its community.

Bitcoin (BTC), the first and most renowned cryptocurrency, revolutionised the financial landscape. Introduced by an anonymous entity known as Satoshi Nakamoto, Bitcoin (BTC) aimed to establish a decentralised digital currency immune to government intervention and manipulation.

Its limited supply and deflation characterise Bitcoin (BTC)s token supply model. With a complete collection of 21 million coins, Bitcoin (BTC) ensures scarcity, fostering the perception of value. This fixed supply model, coupled with the increasing demand and adoption, has propelled Bitcoin (BTC)s value to unprecedented heights.

Bitcoin (BTC)s halving events, which occur approximately every four years, reduce the block reward for miners in half. This mechanism slows the creation of new coins, ensuring a gradual and controlled release into the market. The reduced supply over time may contribute to Bitcoin (BTC)s potential for long-term price appreciation.

Dogecoin (DOGE) emerged as a playful and lighthearted cryptocurrency, capturing the online communitys attention. Initially created as a meme currency, Dogecoin (DOGE) gained popularity for its amusing Shiba Inu dog logo and its involvement in charitable initiatives.

Dogecoin (DOGE) distinguishes itself from DogeMiyagi (MIYAGI) and Bitcoin (BTC) through its inflationary token supply model. With no maximum supply limit, Dogecoin (DOGE) allows for the continuous creation of new coins. Although this model defies the traditional notions of scarcity, it facilitates accessibility and broad distribution.

Dogecoin (DOGE)s inflationary model raises questions about the long-term value of the cryptocurrency. While it may lack the scarcity-driven price dynamics of Bitcoin (BTC), Dogecoin (DOGE)s focus on community engagement and widespread adoption has garnered a loyal following, contributing to its overall market value.

DogeMiyagi (MIYAGI) combines humour and community engagement to stand out in the market. As the pioneering cryptocurrency, Bitcoin (BTC) employs a deflationary model to ensure scarcity and value appreciation over time. On the other hand, Dogecoin (DOGE)s inflationary model emphasises accessibility and community involvement.

Understanding these token supply models is crucial for investors and enthusiasts alike. Each model presents its advantages and considerations, which can shape the perception of value, scarcity, and inflation within the crypto market. By exploring these nuances, we can make informed decisions and navigate the ever-evolving world of cryptocurrencies.

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

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Understanding the supply models of mem coins like DogeMiyagi ... - Euro Weekly News

Bitcoin's price currently stands at $30,558, experiencing a slight drop of nearly 0.50% on Sunday.

The recent rejection of Bitcoin spot-price ETF applications by the US SEC surprised bullish investors hoping to maintain Bitcoin's price above $31,000.

In other news, Cboe has resubmitted Spot Bitcoin ETFs in partnership with Coinbase, although the SEC remains cautious.

Additionally, FTX's successful recovery of billions in assets has positively impacted Bitcoin prices.

Stay tuned as we analyze Bitcoin's potential trajectory and explore the factors influencing its price movement.

The Chicago Board Options Exchange (Cboe) has resubmitted four 19b-4 files for spot Bitcoin exchange-traded funds (ETFs) in response to compliance concerns raised by the SEC.

Notably, Coinbase has been added as a partner in the surveillance-sharing arrangement for these ETFs.

Including Coinbase as an SSA partner in Cboe's filings is a significant development, especially considering BlackRock's previous designation of Coinbase as its SSA partner.

However, it's worth noting that Ark and BlackRock did not resubmit their applications.

Despite approving several futures ETFs, the SEC remains skeptical about the ability of spot Bitcoin ETF sponsors to protect against manipulation and ensure investor safety.

This cautious stance by the regulatory agency has implications for the market. Ongoing deliberations and revisions, along with the involvement of Coinbase, may influence investor sentiment and potentially impact Bitcoin prices as market participants assess the prospects of a spot Bitcoin ETF within the regulatory landscape.

In a significant development, FTX has successfully recovered approximately $7 billion in liquid assets, with ongoing efforts to locate additional assets.

However, the extensive commingling of assets has posed challenges to their recovery operations.

The FTX Debtors, including FTX and its affiliates, currently estimate the value of misappropriated client assets at $8.7 billion.

Most of this amount, around $6.4 billion, consists of fiat and stablecoins.

Investigation findings indicate that the former FTX leadership intentionally misused customer deposits, ruling out any accidental commingling.

This news has positively impacted Bitcoin (BTC) prices, helping mitigate losses over the weekend.

The recovery of significant assets by FTX has likely instilled confidence among market participants, favorably influencing BTC prices.

Looking at the technical analysis, Bitcoin's current outlook remains relatively unchanged as it faces a significant hurdle at the $31,000 level.

A successful breakthrough at this level could potentially pave the way for further targets at $32,500 and $34,000.

Conversely, if Bitcoin fails to hold the crucial support level of $30,000, it may experience downward pressure toward the 38.2% Fibonacci retracement level at $28,700 or even the 50% retracement level at $28,000.

Additionally, the 50-day exponential moving average around the $28,000 mark could be a noteworthy resistance point for any downward movement in Bitcoin's price.

Stay up-to-date with the latest initial coin offering (ICO) projects and alternative cryptocurrencies by regularly exploring our handpicked selection of the top 15 digital assets to watch in 2023.

This meticulously curated list has been assembled by industry experts from Industry Talk and Cryptonews, guaranteeing professional recommendations and valuable insights.

Stay ahead of the curve and uncover the potential of these cryptocurrencies as you navigate the ever-evolving landscape of digital assets.

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

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Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance ... - Cryptonews

The Securities and Exchange Commission (SEC) hits cryptocurrencies again. Bitcoin (BTC) recovers some rhythm and manages to rise 0.56% in the last 24 hours to $30,600. Ethereum (ETH), meanwhile, rallies over 1.5% to $1,950.

The market, especially the reigning cryptocurrency, has recovered some ground after 'The Wall Street Journal' reported that the US regulator rejected applications from BlackRock, Invesco, Fidelity and other companies to create a spot Bitcoin exchange-traded fund (ETF). According to these sources, the SEC informed the Nasdaq and the Chicago Board Options Exchange (CBOE) that the filings for these ETFs were "unclear and incomplete."

Following this news, BTC fell from an intraday high of over $31,200 to threatening $29,600, although it has managed to climb back up over the weekend and early Monday. Similarly, in response to the SEC's denial, Fidelity and CBOE named Coinbase as a partner in a shared surveillance agreement in a second filing with the regulator. In this document, CBOE asserted that Coinbase "represents a substantial portion of US dollar-denominated, US-based Bitcoin trading."

Be that as it may, the fact that these major institutional players have an interest in moving these proposals forward has given a "very positive boost" to Bitcoin, even with the SEC's lawsuits over Binance and Coinbase looming large over the market weighing on the industry. This is Craig Erlam, senior market analyst at OANDAs view, as he noted that, following these developments, Bitcoin continues to remain in the $30,000 to $31,000 range in which it has been trading in recent weeks.

For his part, Edward Moya, another analyst at OANDA, stressed that the good performance of cryptocurrencies in the first half of the year, with Bitcoin rebounding above 80%, is due to the fact that optimism has grown that "crypto wont be regulated out of existence." "The focus has been on a Bitcoin ETF approval in the US, but it is unclear how long it will take to get that update, with end of summer being most likely," he added.

"A break above $31,000 could see it accelerate higher once more with $32,500 potentially offering the next test," stated Erlam. Similarly, Moya stressed that the reigning cryptocurrency will need a "new catalyst" if it is to break out of the range in which it has been moving in recent weeks. If it succeeds, he explained, it could climb to $34,000.

Meanwhile, Joe DiPasquale, CEO of BitBull Capital, believes that the reigning cryptocurrency may be testing the support zone between $27,000 and $29,000. If so, we could see further declines in the altcoins space, as they are eagerly rising today, on Monday. "Some of that sentiment shifted toward alts, as ETH showed signs of wanting to test $2K, and other altcoins also rallied. Market participants will do well to remain cautious of sustained upside momentum," the expert added.

In this regard, the Fear and Greed Index indicates that digital assets could be in corrective territory after recovering the 60 points lost following the SEC's rejection of bitcoin spot ETFs. According to this index, the prevailing market sentiment is one of "greed" as investors feel more optimistic about the future of cryptocurrency markets. The yearly high of this benchmark was reached in mid-April, when it stood at 69 points.

A downward reading of this benchmark can indicate "extreme fear" which can be interpreted as a sign that investors are overly concerned and is usually understood as a buying opportunity. Conversely, a broad "greedy" sentiment may indicate that the market is about to undergo a correction.

In other market news, almost all altcoins have risen over 1%. The moderate declines in Ripple (XRP), which has fallen 0.3%, are also noteworthy.

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Bitcoin recovers $30,000 after the SECs rejection of ETFs - ShareCast