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The cryptocurrency market has faced another slight correction after its recent recovery. Bitcoin (BTC) has fallen to the $83,000 price level after climbing to $85,000. The global crypto market cap has fallen 4.5% in the last 24 hours to $2.72 trillion. Binance’s BNB coin has also faced a stark correction. TRON (TRX), on the other hand, is trading in the green zone across the board. Also Read: Gold Surges to $3,317.90 as Central Banks Dump Dollars – $3900 In 3 Months? Binance’s BNB Falters As TRON Soars Source: Watcher Guru BNB has dipped 1.8% in the daily charts, 4% in the 14-day charts, and 9.3% over the previous month. Despite the dip, the asset has rallied 4% over the last week and 6% since April 2024. BNB hit an all-time high of $788.84 on Dec. 4. The asset’s price has fallen by 26.7% from its December peak. Source: CoinGecko Also Read: US Stock Market Could Plunge 50% After Tariffs Resume Unlike Binance’s BNB, TRON (TRX) is green across almost all time frame...

Users of the decentralized messaging platform Reach Me have apparently wasted more than $15,000 sending “pay-to-reach” messages to former Binance CEO Changpeng Zhao after he ignored more than 30% of their texts. The losses, first spotted yesterday by The Block’s Editor-In-Chief, Tim Copeland, are based on Zhao’s 63% response rate on Reach Me, where he charges users 0.8 Binance Coin (BNB) to text him.  So far, based on his Reach Me volume, users look to have paid 144.71 BNB, worth $81,000 as of yesterday, to contact Zhao. His response rate suggests he’s ignoring 33%, or $30,000, worth of messages.  The tenth spot on Reach Me’s leaderboard is held by someone who received $228 worth of messages. Read more: Binance founder CZ made $12B overnight when Donald Trump won Reach Me’s rules state that ignored messages received a 50% refund, and so half of that $30,000 is going back to users. However, Reach Me confirmed to Protos that the other 50% will be se...

Bitcoin continues to face strong resistance at $31,000 but supportive macroeconomic factors could tilt the advantage in favor of the bulls. Bitcoin (BTC) bulls are again having a go at the overhead resistance of $31,000. The bullish sentiment may get a boost from the United States inflation report, which showed signs of slowing down. Economists were expecting the year-on-year consumer price index to rise 3.1% but the June print came in at 3%. The month-on-month increase of 0.2% was also less than forecast. This suggests that the Federal Reserve’s rate hikes are having the desired effect. That may limit future rate hikes by the Fed. Supported by macroeconomic conditions, institutional investors seem to be turning positive on cryptocurrencies, especially Bitcoin. CoinShares report published on July 10 showed inflows of $136 million into digital investment products in the past week. That brings the total inflows of three consecutive weeks to $470 million, indicating a positive outlook. D...