🐳 Wallets with 10K+ Bitcoin have been the extreme beneficiaries of the past 6 weeks of volatility. With these massive addresses speculated to be heavily comprised of exchange liquidity providers, they own 212,450 BTC more over this stretch, and 1.05% more of the entire supply.
🚨 Fidelity Buys 2,100 #Bitcoin 🤯
ETF Buyers thank 🇩🇪 Germany for the cheap Bitcoin
🚨 BITB Buys the dips! 540 #Bitcoin
🚨 GBTC Sells 510 #Bitcoin
Small outflow, but not a panic sell-off for GBTC Holders
Over the weekend, the market decided to recover some of the recent losses. BTC bounced back to $56,400. ETH nearly broke through $3,000.
A crab #inkblotart
Someone just bought $184 million worth of #Bitcoin💰 from Coinbase 👀
Bitcoin mining enters the battle for de-dollarization
Groups of Russian businessmen plan to create a fund with cryptocurrencies mined in the country to use them in international trade.
🕯 In the 90 days leading up to Bitcoin's record price in 2021, the number of crypto assets listed on exchanges increased by 9 percent.
However, in 2024, this figure is only 3 percent, indicating that crypto exchanges are not adding new coins and tokens for trading as actively.
⚠️ According to Kaiko analysts, this cautious approach by trading platforms is due to increased regulatory scrutiny of the industry. They don't want to incur additional problems.
$1.04 billion in BTC options expire and sales from large investors increase.
Bitcoin and Ethereum options worth $1.54 billion expire today, which could lead to market volatility and price swings due to selling by cryptocurrency whales.
Another cause of the market crash...
‼️BREAKING MINUTE
-MT.GOX Begins its Bitcoin distribution to affected customers
It has moved $2.7 billion in the last few hours.
There are still $7,500M in their portfolios
The market is taking it horribly and we find ourselves breaking lows, the fud continues to accumulate
We've reached Friday and we bring you everything you need to know today before the weekend.
🔵The price of Bitcoin fell below USD 54,000 after it was learned that the defunct Mt. Gox exchange would be beginning to pay its creditors.
🔵Although the total amount that Mt. Gox has to pay is 142,000 BTC, for now only 75,000 BTC will enter circulation, of which the first 47,000 BTC are already in motion.
🔵The capitulation of miners could be coming to an end, according to an analysis by the firm VanEck. After the halving, miners have been forced to close operations and sell BTC due to their lack of profitability.
🔵According to F2Pool, with the price of bitcoin below USD 56,000 only 6 miner models are still profitable.
🔵German deputy Joana Cotar criticized her country's government for selling the seized bitcoins instead of integrating them into a national treasury strategy. However, Germany transferred another 547 BTC (around USD 30M) today to market maker Flow Traders.
At this time, high priority fees in Bitcoin reach 9 sats/vB (around USD 0.69), while in Ethereum the highest priority fee is 9 gwei (USD 0.49).
🔴🇺🇸 UNITED STATES ECONOMIC DATA
The US unemployment rate in June is 4.1% vs. 4.04% expected.
Average hourly earnings increased 0.3% from the previous month, as predicted.
Nonfarm Payrolls (NFP) increased by 206 thousand, exceeding expectations of 190 thousand.
Bitcoin prices are hovering very close to the average cost of production for Bitcoin miners 
A frog jumping into the void between mountains #inkblotart
