Bitcoin becomes first cryptocurrency to debut in Las Vegas

Bitcoin’s Sphere Debut

Bitcoin has made its mark on the Las Vegas Sphere, an enormous globe-shaped screen on the Strip. This debut came courtesy of Crypto.com, which featured Bitcoin prominently in a video display.

The advertisement showcased Bitcoin’s logo, followed by visuals of digital Bitcoins and the Crypto.com branding. This marks Bitcoin as the first cryptocurrency to grace the Sphere’s screen.

Dogwifhat’s Awaited Turn

Dogwifhat (WIF), a meme coin, had previously raised over $700,000 to secure a spot on the Sphere. Despite their investment, the Dogwifhat community has yet to see their mascot displayed.
The Bitcoin advertisement has sparked fresh hope among Dogwifhat supporters. Some believe that if Bitcoin can feature, their token might soon follow.

Community Reactions

Ansem, a pseudonymous Dogwifhat supporter, shared the Bitcoin video with optimism, suggesting that their turn might be near. However, others remain sceptical due to the lack of updates on their campaign.
Free, another Dogwifhat investor, has expressed frustration, implying that the Bitcoin ad might be a deepfake, given prior claims that the Sphere would not display cryptocurrency ads.

Currently, Dogwifhat (WIF) has dropped by 7% over the past 24 hours, trading at $2.56. Bitcoin has experienced a slight 2% decrease during the same period.

Bitcoin ETF Outflows

Bitcoin spot ETFs saw outflows of $78 million on July 23, breaking a streak of inflows. Grayscale’s GBTC saw an outflow of $27 million, while Ark & 21Shares and Bitwise ETFs faced outflows of $52 million and $70 million, respectively.
Conversely, BlackRock’s iShares Bitcoin Trust recorded an inflow of nearly $72 million.

The disparity between Bitcoin’s successful Sphere debut and Dogwifhat’s ongoing struggle illustrates the unpredictable nature of cryptocurrency promotions and market trends.