7 Jul 24 - π Bitcoin mega whales are back, leveraging market volatility to amass BTC. Recent on-chain data shows these large holders have accumulated 212,450 BTC in six weeks, pushing their total holdings to a 6-year high. Smaller whales have also been buying, with wallets holding 10+ BTC hitting an all-time high. Bitcoin's price has rebounded by 4.5%, reaching $56,500, fueled by $143M inflows into spot ETFs. This accumulation by whales and institutional interest suggests a bullish outlook for BTC's future.
6 Jul 24 - π Coinglass data shows a 14% drop in Bitcoin's spot price and an 18% decline in futures open interest, from $37B to $30B. Despite this, BTC's open interest remains above 500K BTC with positive funding rates, indicating renewed demand for long positions amid price dips
6 Jul 24 - π° Bitcoin ETF investors remain resilient as $143.1M flows into funds despite BTC volatility. On July 5, U.S. spot Bitcoin ETFs saw a surge in net inflows. Fidelity's FBTC led with $117.4M, followed by Bitwise's BITB at $30.2M. BTC bounced back to $56K after dipping below $55K
6 Jul 24 - π Hamilton, a crypto startup, has launched tokenized US Treasury bonds on Bitcoin layer-2 blockchains, a first in the crypto world. The Hamilton U.S. T-Bills (HUST) are now available on Core, Stacks, and BoB. The first HUST transaction on July 4 marks a new era in DeFi and financial independence
6 Jul 24 - π The Mt. Gox saga nears its end as repayments finally begin. On July 5, creditors started receiving BTC and BCH. Japanese creditors were first, sparking market concerns. Bitcoin dropped to $54K amid fears of a sell-off. BTC now trades at $55,520, down 2.5% in 24 hours
6 Jul 24 - π Bitcoin climbs back to $56K after dipping to $53K, sparking investor optimism. Global crypto market cap up 2.79% to $2.06T, with a 4.83% increase in volume to $109.33B. BTC sees a 1.90% rise, trading at $56,369.52. Altcoin market outpaces BTC as its dominance drops to 53.87%.
5 Jul 24 - π Bitcoin could benefit from US dollar collapse, says Jefferies strategist. Chris Wood suggests BTC and gold could thrive as fiat volatility rises. Is this the end of traditional currency dominance?
5 Jul 24 - π Bitcoin dives to $54K, leaving only 5 mining rigs profitable, says F2Pool. Antminer S19 Pro, S19j Pro, S19, S17+, and AvalonMiner 1246 remain viable amid rising operational costs. Could this signal a market turnaround?
5 Jul 24 - π Binance to delist BTC margin pairs including DGB, TLM, and VOXEL from July 8, 2024. Users urged to act before positions auto-close at 06:00 UTC
Crypto markets brace as 18,300 Bitcoin options expire today, with a $1B notional value on Deribit. BTC dips to $53.4k amidst Mt. Gox, US, and German gov't moves. Market cap down 13% in 48 hours, with $700M liquidated. On-chain analyst warns real panic may be yet to come, as put bets surge and volatility spikes (5 Jul 2024)
NEWS: Mt Gox starts repaying creditors in Bitcoin and Bitcoin Cash on Friday, through designated crypto exchanges as per the rehabilitation plan. This follows a transfer of 47,228.7 BTC ($2.71B) today, including 1,545 BTC ($85M) to Bitbank. Bitcoin's price fell below $54,000, now at $54,363, down 7.6% in 24 hours. Crypto markets saw $665M in liquidations as Mt Gox continues payouts (5 Jul 2024)
NEWS: π©πͺ German MP Joana Cotar urges the government to halt its Bitcoin sell-off, highlighting BTC as a valuable asset for the state treasury. She argues BTC's scarcity and deflationary nature make it ideal for wealth preservation, diversification, and boosting Germany's economic growth. Meanwhile, recent sales have pressured BTC prices, now at $54,300 (5 Jul 2024)
NEWS: Despite market turmoil, πΈπ» El Salvador sticks to its bold Bitcoin strategy, buying 1 BTC daily since March 2024. President Bukele has moved 5,700 BTC to a secure cold wallet, aiming to safeguard assets and integrate Bitcoin into the economy with plans for a Bitcoin bank. Will this gamble pay off? (5 Jul 2024)
NEWS: π¨ U.S. government transfers $13.7M in seized Bitcoin to a new address, sparking market fears! With 3,940 BTC moved to Coinbase and over 210,000 BTC under their control, whatβs next for Bitcoinβs value? ππΈ (5 Jul 2024)
NEWS: π¨ Bitcoin has plummeted over 15% in four days, hitting a critical support level at $56,500. Factors driving this drop include:
1οΈβ£Mt. Gox Bitcoin Repayments: 142,000 BTC distribution looming, sparking market anxiety.
2οΈβ£German Government Liquidation: Large BTC sales by the government causing market ripples.
3οΈβ£Massive Long Liquidations: $212M in long positions liquidated, leading to forced sell-offs.
4οΈβ£BTC Miner Capitulation: Post-halving economic pressures force miners to sell.
5οΈβ£Slowdown in US Spot Bitcoin ETF Activity: Institutional investments lagging.
(5 Jul 2024)
NEWS: π₯ Justin Sun aims to buy $2.3B worth of Bitcoin from the German government to reduce market impact! π The German BTC wallet recently transferred 6,500 BTC ($425M), raising fears of a sell-off. Sun's offer: βI AM READY TO NEGOTIATE TO PURCHASE ALL THE BTC OFF-MARKET.β Will this stabilize Bitcoin's price? (4 Jul 2024)
NEWS: π¨ Bitcoin (BTC) crashes, testing crucial $56.5K support. Crypto market cap down 5% to $2.25T. π₯ $300M liquidated in leveraged trades, mainly impacting longs. Analysts eye a potential rebound, but if BTC falls below $56.5K, it could drop to $40K-$50K! π (4 Jul 2024)
NEWS: π₯ Former President Donald Trump backs Bitcoin, emphasized BTC's geopolitical importance and warned against policies hindering its growth, suggesting it could benefit China and Russia. This makes Trump the first major political nominee to endorse Bitcoin as a strategic reserve asset. π°π (4 Jul 2024)
NEWS: π Bitcoin whales are making waves! π IntoTheBlock reports a massive net inflow of over 55,000 BTC into large wallets over the past 30 days. This whale accumulation spiked during BTC's dip to $60K, hinting at their bullish outlook and potential market moves. Could this signal a future price surge? π (4 Jul 2024)
NEWS: π Could Bitcoin be an ally in the fight against climate change? Margot Paez from the Bitcoin Policy Institute suggests BTC might replace traditional finance, reducing natural resource exploitation. Despite mining challenges, progress in renewable energy integration shows promise. Can Bitcoin become a vector of environmental progress? π± (3 Jul 2024)