Robinhood, the popular financial platform, has expanded its self-custody Web3 wallet to include Bitcoin and Dogecoin networks, allowing users to securely manage, transmit, and receive cryptocurrencies.

The crypto market has experienced a decline, with some major altcoins facing losses while Bitcoin remains bullish. The Fear And Greed Index has dropped by two points to 40/100, and the overall market cap has also decreased. Ethereum, Cardano, Solana, and Polkadot have all seen losses, while meme cryptocurrencies like Dogecoin have experienced slight gains.

Bitcoin's sudden surge to $28,000 has convinced market analysts that the sell-off is almost over and a recovery into a bull market is beginning. This rally has changed the technical aspect of BTC price, reducing the chances of another dip below $25,000 support/resistance.

Vivek Ramaswamy, a US presidential candidate and pro-Bitcoin Republican, has praised Grayscale's recent victory over the Securities and Exchange Commission (SEC), stating that it will help keep Bitcoin and blockchain innovation in the US. Ramaswamy criticised the "unlawful rogue behaviours" of government agencies and argued that the US courts should serve as a last line of defence to keep cryptocurrency innovators in the country.

After the Grayscale decision, the average Bitcoin transaction size has surged to its highest level since June. The average Bitcoin transaction size on the cryptocurrency exchange Kraken increased from around $850 the day before to over $2,000 on Tuesday. The last time the average Bitcoin transaction size was higher than $2,168 was in June, and the average Bitcoin transaction size on most other exchanges has also increased significantly. <br>

Fairlead Strategies data shows that Bitcoin has broken through the 200-day moving average. The initial resistance level is at the 50-day moving average (about $28,800), and the secondary resistance level is at the weekly cloud line, close to $31,900. Note: The weekly cloud line is related to Ichimoku Kinko Hyo. Ichimoku Kinko Hyo includes five main lines and a "cloud", which is the part called "Kumo". It consists of an area of two moving average lines, whose moving averages are based on the high and low points over a period of time. The upper and lower parts of the cloud can be used as support and resistance areas.&nbsp;

According to Bloomberg Intelligence's senior macro strategist, Mike McGlone, Bitcoin will not experience a resurgence until risk assets such as stocks crash. McGlone notes that Bitcoin typically outperforms when the liquidity pump is on and underperforms when it is off, and currently, the liquidity pump is clearly off.

Bitcoin experienced a strong rally after a US court ruled that the SEC was wrong in denying Grayscale's request to convert its bitcoin trust into an ETF. Prior to the ruling, nearly 30,000 BTC worth $822 million were moved to addresses tied to centralized exchanges, indicating that some traders anticipated the price boost and prepared for it by moving coins to exchanges.

Cathedra Bitcoin, a bitcoin mining company, released its Q2 financial report ending June 30, 2023. The mining business produced 77.15 BTC in Q2, a YoY increase of 33.8%; Q2 revenue was CAD 290 (approximately USD 2.14 million), a YoY increase of 16%.

Today, the cryptocurrency market is experiencing a bullish trend with Bitcoin and most altcoins trading in the green. Bitcoin's price is up by 5.22% since yesterday but still below the $30,000 threshold. Other altcoins such as Cardano, Solana, and Polkadot have also seen gains. The global crypto market cap has increased to $1.09 trillion, and the 24-hour crypto market volume has increased by more than 126.45%. Notable performers include Pepe coin, XDC token, Stacks (STX) token, and Toncoin (TON), which have all seen significant increases in price over the last 24 hours.