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Bitcoin Undervaluation Signal Sparks Bull Market Expectations Amid Telegram App Store Turmoil

Guavy AI Editorial Team
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On August 4th, Apple temporarily removed Telegram from its App Store due to user-generated content that violated platform rules. The removal caused the GRAM token price to drop by over 6% to $1.297 before rebounding to $1.3818 after Telegram restored the app hours later.

Meanwhile, Ripple's RLUSD stablecoin gained a new source of liquidity as Flare Networks' wrapped FXRP token was approved as collateral in Sentora's lending vault on Morpho Blue. This allows large XRP holders to borrow RLUSD without selling their tokens.

CryptoQuant's UTXO Age Bands data shows that 'young' Bitcoin supply is at a multi-year low, similar to patterns seen at the 2015, 2019, and 2022 cycle bottoms. This suggests an accumulation phase, with analysts expecting a bull market closer to 2027.

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