Results of the week: Bitcoin drop and Hamster Kombat airdrop benchmarks

Bitcoin came back after falling below $50,000, the criteria for the Hamster Kombat airdrop were announced, Michael Saylor announced ownership of digital gold worth more than $1 billion, and other events last week.

The change came to 60 000 $

The first cryptocurrency started the week with fall below the $50,000 thresholdafter that she recovered. On Friday, August 9, digital gold back to $62,000but then changed to $60,000.

At the time of writing, Bitcoin is trading at $60,100.

BTC/USDT hourly chart of the Binance exchange. Data: TradingView.

Most of the top 10 digital assets by capitalization ended the week in the green zone. The exception was Ethereum (-6.8%).

Data: CoinGecko.

The total capitalization of the cryptocurrency market is $2.2 trillion. Bitcoin dominance index – 57.5%.

Bitcoin holders increased their savings by 404,448 BTC in 30 days

Wallet balance of long-term investors of the first cryptocurrency for the last 30 days up to 404 448 BTC ($23 billion). This data was provided by CryptoQuant CEO Ki Yoon Ju.

“I’m almost certain that something is going on behind the scenes. This is an obvious cluster,” said the expert.

The expert expected that some organizations, large companies and authorities of several countries will announce investments in digital gold in the third quarter.

“Retail investors will regret not buying Bitcoin. Because they cared sale of coins by the German authorities, Mt.Gox compensation and current macroeconomic nonsense“, said the expert.

Based on these observations, the CEO of CryptoQuant concluded that the bull market continues.

“If the rate doesn’t go back up within two weeks, I’ll reconsider my decision.” I follow the smart money, so if I’m wrong, it means the new whales are either wrong or underestimating the macroeconomic situation,” he explained. .

Separately, the specialist noted signs that the capitulation of miners was completed and returned hash rate to those who are close to him ATH levels.

Hamster Kombat airdrop benchmarks revealed

Hamster Kombat developers update the AirDrop section. It introduced distribution criteria airdrop project:

• passive income – indicator of profit per hour;
• termination of actions;
• attracting active players to the application;
• achievements;
• access to Telegram channel subscriptions;
• keys.

User activity is converted into points, which will be included when application tokens are distributed in the future.

The developers clarified that these are not all criteria.

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Michael Saylor claimed to have more than $1 billion worth of bitcoins

MicroStrategy founder Michael Saylor said it personally with the first digital currency worth over $1 billion.

“About four years ago I tweeted about owning 17,732 BTC. [С тех пор] I haven’t sold a single bitcoin, I’m just buying,” he said.

In October 2020, Sailor for real reportedly had 17,732 BTCwhich were purchased at an average price of $9,882. In December 2021 it confirmed information about the ownership of the same amount in the first cryptocurrency.

In August 2024, when a Bloomberg journalist was asked how many bitcoins Saylor had today, he answered briefly: “At least the same.” Therefore, the founder of MicroStrategy refused to disclose a more precise amount.

“It is an excellent investment fund for an individual, family, institution, company or country. I don’t see a better investment option,” Saylor said.

He also called digital gold “the ultimate US asset” due to recent political events. Saylor noted Sen. Cynthia Lummis’ proposal to bitcoin reserve creation countries. In addition, the presidential candidate Donald Trump saw the first cryptocurrency solve the national debt problem United States.

“I think the conversation has changed and every politician in the world has started to understand that Bitcoin is the most prestigious building in cyberspace, it is the future ‘ there,” said the founder of MicroStrategy.

Binance Lists TON

August 8 Binance cryptocurrency exchange listed TON. Token trading started at 13:00 (Kyiv/Moscow time) in pairs TON/BTC, TON/USDT, TON/FDUSD.

At the time of writing, TON is trading at $6.44.

Hourly chart of Binance exchange TON/USDT. Data: TradingView.

according to CoinGeckoOver the past week the asset has increased by 6.4%.

Also on ForkLog:

Nassim Taleb called Bitcoin a poor hedge against a market crash

The sharp decline in the market showed as the first cryptocurrency bad defensively from the collapse of the system. This was said by the writer and scientist Nassim Taleb.

“Bitcoin has proven once again that it does not insure against the liquidation of your assets,” said the author of the book “Black Swan. “

According to Taleb, the first digital currency did worse than other financial instruments because it is a “speculative asset that behaves like expensive real estate in Manhattan” and is mostly for “eyes keep on the stock market.”

In the context of a store of value, the writer identified gold as an excellent medium:

“If you bury a gold chain in the ground for 10,000 years, it will still be gold.”

What else to read?

This week ForkLog reported what is Validium and how it will help Ethereum scale, too when to expect a Fed reversal and how the rate cut will affect cryptocurrencies.

The traditional roundup gathered the main events of the week in the field cybersecurity.

The cryptocurrency industry is attracting an increasing number of institutional players. This can be seen with new investments in infrastructure and the increasing attention that companies are paying ​​to Bitcoin as an asset class. The most important events of the past few weeks are there review ForkLog.

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