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Germany’s BTC Wallet Sees Inflows, Mt Gox Moves Billions, US Gov Transfers $13.6M Unnoticed
5.7.2024
Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with...
Mt. Gox Bitcoin movement sparks sell-off, pushing BTC below $55k
5.7.2024
Mt. Gox very recently transferred approximately 47229 Bitcoin to another cryptocurrency wallet address. Bitcoin’s price sharply decreased over the last 24 hours, and the now defunct cryptocurrency exchange Mt. Gox moved Bitcoin worth $2.71 billion from cold storage to an address. Crypto...
Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms
5.7.2024
“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out
Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold: Analyst
5.7.2024
Nearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchange’s collapse
U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
5.7.2024
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February
Watch these Bitcoin price levels next as $52K supertrend risks failure
5.7.2024
Bitcoin is challenging multi-month lows, and now risks violating support, which has sustained the entire BTC price bull run
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
5.7.2024
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the Rehabilitation Plan
Bitcoin crashes to $53K, but analysts warn the worst isn’t over
5.7.2024
Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly
Bitcoin Dips Below $54K as Mt. Gox Moves $2.6B in BTC
5.7.2024
BTC slides to lowest since late February, breaching key price support
Bitcoin falls to $55K as crypto liquidations breach $580M
5.7.2024
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
German Government Still Holds Over 40K Bitcoins After Recent Sale, Onchain Data Shows
5.7.2024
The German government has been selling seized bitcoin but still holds more than 40K BTC, worth over $2.3 billion, according to onchain data from blockchain intelligence firm Arkham. These sales are occurring alongside the anticipated Mt. Gox bitcoin distributions. In response to Germany’s...
Bitcoin traders express optimism even as BTC price targets shift lower
5.7.2024
Bitcoin traders say “the bottom is in” even as BTC price retests the 200-day moving average and threatens to descend lower
Crypto startup launches tokenized US Treasury bonds on Bitcoin layer-2s
4.7.2024
The new tokenized assets offer the stability of the Bitcoin network with admirable yield
Pro Bitcoin MicroStrategy & MARA Show Support Amid BTC Dip
4.7.2024
MicroStrategy was the best-performing stock in the year’s first half because its shares rose by 380%, mainly because of the $13.3 billion worth of Bitcoin in its treasury. Although the cryptocurrency market has been going through a bearish phase, this has not affected the company negatively...
Pro Bitcoin MicroStrategy & MARA Stocks Surge Despite BTC Dip
4.7.2024
MicroStrategy was the best-performing stock in the year’s first half because its shares rose by 380%, mainly because of the $13.3 billion worth of Bitcoin in its treasury. Although the cryptocurrency market has been going through a bearish phase, this has not affected the company negatively...
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
Bitcoin Spot ETFs Bleed as BTC falls to $57K
4.7.2024
Bitcoin is down, and so is the rest of the crypto industry. Spot Bitcoin Exchange Traded Funds (ETFs) have suffered outflows as the market declines. At the time of this writing, Bitcoin (BTC) is worth $57,990, showcasing a 5.1% price drop in a week. BTC ETFs join the crypto doomsday The United...
Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop
4.7.2024
Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase...
Bitcoin Price Fluctuates as Mt. Gox Begins BTC Activity
4.7.2024
As the cryptocurrency market braces for the billion-dollar Bitcoin repayment from Mt. Gox, recent wallet activity has sparked discussions. While the movements are small, they’ve ignited speculation about the timing and method of the upcoming massive payout. Decoding the Recent Bitcoin...