Memecoins stealing the limelight from NFTs, Bitcoin ‘relief rally’ starting?

Bitcoin has maintained its levels over the past 24 hours, and several key indicators suggest the market might be looking at the start of a rally. From falling sell pressure to consecutive days of spot Bitcoin ETF inflows, things are looking up. Elsewhere, crypto hacks dropped dramatically in June, NFT sales plummet as memecoins continue their ascent, and the Polkadot treasury report sparks a debate about sufficient runways.

Further reading:

• Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63K
• Bitcoin hashrate drawdown dips to December 2022 levels
• Crypto ‘relief rally’ may be just beginning, with sellers exhausted
• Crypto hacks down by 54.2% in June, $176M lost in a month
• NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
• Polkadot’s $245M treasury doesn’t have a 2-year runway, despite community concerns

So, grab yourself a coffee, and let’s get into it!

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