Good morning, here is what you need to know this Wednesday, July 24:
🔵 Ethereum beat bitcoin on the first day of ETF trading. While ETH ETFs ended with a positive net capital flow, bitcoin ETFs closed a red day.
🔵 Indicator that anticipated large rises in bitcoin gives a new buy signal. Hash Ribbons (data related to mining) turn green again after 2 months and indicate that the upward trend continues.
🔵 Bitcoin mining stocks are about to mark a new all-time high. The aggregate market capitalization of publicly traded mining companies is approaching record levels.
Commissions in Bitcoin and Ethereum remain low: 6 sats/vbyte ($0.56) in the case of BTC and 6 gwei ($0.29) to send ETH.
💸 American issuers of spot Bitcoin ETFs have accumulated over 900,000 BTC ($60 billion), which is 4.3% of the total issuance of the first cryptocurrency.
https://video.nostr.build/9bc8e830b322bf8baea3edf6fb154619777116fa59be7bddaa68fd974bf61616.mp4
🚨Blackrock Buys 1090 #Bitcoin
They just keep stacking!
🚨GRAYSCALE BLEEDS
Grayscale Ethereum Trust sells $484M of ETH
Grayscale Ethereum Mini Trust buys $15M of ETH
GBTC sells 410 #Bitcoin ($27m)
Fear & Greed Index - Jul 24, 2024:
Today: 69 (Greed)
Yesterday: 71 (Greed)
Avg. 1W: 68 🤑
Avg. 2W: 56 😁
Avg. 1M: 46 😕
Avg. 2M: 58 😁
Avg. 3M: 61 🤑
Avg. 6M: 67 🤑
Avg. 1Y: 62 🤑
🔸 #Bitcoin
Price: $65,908
24h Low: $65,495
24h High: $67,770
MC Change: -$32.4B (-2.4%)
Dominance: 51.6%
24h: -2.4%
7d: 1.9%
14d: 13.4%
30d: 3.6%
60d: -4.1%
200d: 49.7%
1y: 119.5%
Elon Musk confirms presentation of Tesla Robotaxi on 10/10. Autonomous vehicle without steering wheel or pedals, with a design similar to the Cybertruck and advanced autonomous driving technology.
🟠 Mt. Gox distributed 50,000 #Bitcoin back to trustees, and the market barelly noticed 👀
Everyone who's been daily dollar cost averaging #bitcoin is once again in profit... even those who started DCAing at the all time high 4 months ago.
BREAKING: 🚨 Fox News reports that Kamala Harris will speak at Bitcoin conference next week❗️
💩💩💩💩
🌐 The bankrupt exchange Mt. Gox transferred 42,587 BTC, valued at approximately $2.85 billion to various wallets. Of this total, 5,110 BTC ($340 million) were sent to four addresses on the Bitstamp exchange.
📈 Repayment of funds to Mt. Gox creditors could influence the price of bitcoin. If many beneficiaries decide to sell their BTC, downward pressure could be generated. However, so far, the impact has been mild and bitcoin remains above $66,000.
🇺🇸 The director of the US Secret Service, Kimberly Cheatle, resigns after the attack against Donald Trump at a rally.
🤣🤣
‼️Mt.Gox continues to move Bitcoin
On this occasion, more than 47,500 #Bitcoin valued at almost USD 3.2 billion to two unknown addresses.
If this is to pay, we will again see greater selling pressure.
#Bitcoin miners are nearing profitability again! With the average $BTC mining cost now at $69,510 and #BTC trading around $67,000, relief is on the horizon for miners.
We're here 👇
#Bitcoin is forming a Bullish Megaphone Pattern 🔥
This pattern is seen when $BTC moves within a Expanding Triangle, in which upper resistance line and lower support line have been hit several times.
It is extremely BULLISH if $BTC breaks through the resistance line and retests it🚀
Adam Back and Satoshi discussing #Bitcoin 4 months before its launch 🤯
#BTC
Bitcoin has cancelled out almost the entirety of the -25.6% retrace
It took two weeks to almost fully cancel out a five week retrace
Miners capitulation is over, it's one of the most reliable bullish indicators.
Hash rate is recovering, the price and hash rate bottom coincided with upgrades to next gen hardware hitting the network.
M66s went live last week.
S21 Pros this week.
Hash rate set to scream.
