#Bitcoin emerges with news that Trump is medically fine.
JUST IN: The shooter who tried to assassinate President Donald Trump is now dead.
JUST IN: Elon Musk says he fully supports President Donald Trump following attack during rally.
🚨🚨🚨 9,987 ETH ($31,575,218) transfered from Unknown to Coinbase
💸 Over the past five weeks, Bitcoin has dropped by nearly 20 percent. Meanwhile, the S&P 500 stock index reached a new all-time high, jumping 5.4 percent in the same period.
As noted by Santiment analysts, such a disparity in the behavior of these asset categories has been rare over the past three years.
📈 However, they bet that the crypto sector will eventually join the upward trend. A possible catalyst for this is the upcoming launch of spot ETFs on Ethereum in the U.S.
#BTC Bull Bear indicator is at the lowest since Mar 10, 2023
Bear side is taking the dominance
Where are we in the liquidity cycle? If your answer is relatively early, then #Bitcoin sub $60,000 looks like a steal.
Weekly flows = +$1.048B
Nice try Germany
🧮 Updated USA Bitcoin ETF holdings (including today's inflows).
New all-time high of 888,607 BTC held by the U.S. ETFs 👇
📊 Despite a mild recovery to end the week, Bitcoin's recent dip came as the S&P 500 and equities continued to flourish. This has been a rare sight for the past 3 years, with most of crypto's runs coming in tandem. BTC lagging behind suggests an eventual bullish catch up period.
🚨 BlackRock buys 2076 BTC ($120m)!
1/25 of Germany's entire stack - Today
🚨 Fidelity buys 2070 #Bitcoin
That's 6,275 Bitcoin this week!
🟠 Bitcoin mining sustainable energy use hits a NEW ALL-TIME HIGH of 56.2% 🙌
Bitcoin faces pressure from Germany, we tell you how in our news summary
The price of the digital currency is approaching USD 60,000, but there are conflicting views on the direction it will take in the coming weeks.
This week the bitcoin (BTC) market continued to face pressure from sales of confiscated BTC carried out by the German government for a month. Along with payments made to creditors of the defunct Mt. Gox exchange, these sales drove the price of the digital currency downward.
Despite this, the price of bitcoin has experienced a rebound during the week and remains in a range of around USD 58,000 to USD 60,000, although it must still show strength to avoid new relapses. Analysts consider it too early to determine whether the cryptocurrency will not visit lower prices in the short term.
In the midst of the fear generated by the decline, contrasts are observed between what market experts say, because while some maintain optimism and assure that the price will return to the bull run; others believe that the BTC price may fall to lower levels.
All this occurs while the German government continues selling bitcoins, to the point that it is already running out of the amount of BTC that it seized and that placed the country among the whales of the market. It happens in a scenario in which the holders emerge as a force.
At the regional level, there are developments in the ecosystem of Colombia and Argentina on their path to regulation, while the European Union is beginning to feel the effects of MiCA.
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🔸$BTC $ETH Bitcoin and Ethereum rise on expectations of interest rate cuts by the Fed.
▶️ Bitcoin and Ethereum rose today and throughout the week, driven by bets on interest cuts by the Fed.
▶️ The producer price index (PPI) came out stronger than expected, but still reinforces the expectation of interest cuts, favoring risky investments, such as cryptocurrencies.
▶️ Capital Economics believes that the PPI consolidates the expectation of a rate cut starting in September, although a reduction in July is not completely ruled out.
▶️ According to the Regional Director of Coinbase, macroeconomic factors in the US and uncertainty over Ethereum ETF flows could make the coming months volatile, before possible stabilization.
🟠 Strong week for Bitcoin ETFs 👀
JUST IN: 🟠 Michael Saylor posts "You do not sell your #Bitcoin" in German 🤣
