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Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
27.6.2024
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing...
Will Bitcoin bulls or bears benefit from this week’s $9.25B BTC options expiry?
26.6.2024
The Bitcoin halving hype has long passed, and this month’s massive options expiry provides insight into the future of the current BTC bull market
US Lawmaker Pushes Bill to Allow Bitcoin Payments for Federal Income Taxes, Citing El Salvador’s Success
26.6.2024
U.S. Congressman Matt Gaetz has introduced a bill to allow federal income taxes to be paid with bitcoin. Inspired by El Salvador’s success with the cryptocurrency, the lawmaker believes this move will modernize the U.S. tax system, promote innovation, and maintain America’s...
Bitcoin price wobbles at $61K as US gov sends 4K BTC to Coinbase
26.6.2024
Bitcoin attempts to digest news that the U.S. government has joined Germany in selling off a portion of its BTC holdings
Price analysis 6/26: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX
26.6.2024
Bitcoin is likely to extend its stay inside the range as traders buy the dips under $60,000
US Government Transfers $243 Million in Seized Bitcoin to Coinbase
26.6.2024
On June 26, 2024, the U.S. government transferred 3,940 bitcoins, valued at $243 million, originating from a darknet market dealer. This batch of BTC was directed to an exchange address tagged as Coinbase. U.S. Law Enforcement Moves 3,940 Bitcoin The U.S. government executed this transfer of 3,940...
Bitcoin Falls After U.S. Sends $240M Worth of Silk Road-Related BTC to Coinbase
26.6.2024
The bitcoin was seized from Silk Road vendor
Bitcoin price drop below traders’ cost basis warns of deeper sell-off
26.6.2024
Bitcoin price fell below traders’ average entry point, leading analysts to caution that the current sell-off could continue
First Mover Americas: Germany Moves 750 BTC, Altcoins Bleed Liquidity
26.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoiner contributes to Julian Assange’s freedom, pays $500K debt in BTC
26.6.2024
Bitcoiner helps Julian Assange return home debt-free after 14 years of fighting against U.S. extradition
Bitcoin price must end June above $56.5K to defend uptrend — Analysis
26.6.2024
A deluge of potential BTC price volatility triggers is due this week, and Bitcoin market participants are eyeing the most crucial support zone to hold
Donor Gifts 8 BTC to Aid Julian Assange’s Journey to Freedom
26.6.2024
Julian Assange, the founder of Wikileaks, has finally embarked on his journey to freedom. The actual flight, however, comes with a hefty price tag of $520,000, which Assange is obligated to repay to the Australian government for the charter flight to Saipan and onward to Australia. After enduring...
Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market
26.6.2024
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors begin receiving their crypto payouts next month. Bitcoin...
Analysis of Long-Term ‘Diamond Hand’ Bitcoin Holders Reveals Market Insights: Glassnode
25.6.2024
Recent data from Glassnode provides a detailed analysis of bitcoin’s long-term holders (LTH) and their impact on the cryptocurrency market. In the latest onchain report, researchers highlight key metrics and behaviors of LTHs to understand supply and demand dynamics. Bitcoin Market Trends...
Bitcoin taps $62K as 6% BTC price rebound runs into stubborn US dollar
25.6.2024
BTC price recovers from seven-week lows, but Bitcoin is not the only asset attempting to break higher
From $3 Billion to $2.83 Billion: German Government Transfers Another Cache of Bitcoin
25.6.2024
According to data from Arkham Intelligence, since Jun. 23, 2024, the German government has moved 820 BTC, valued at slightly above $50 million. A substantial portion of these funds was directed to the centralized cryptocurrency exchanges Kraken and Coinbase. Bitcoin Wallet Linked to German Police...
Ongoing Withdrawals Challenge US Bitcoin ETFs, Nearly $175M Exited Monday
25.6.2024
At the start of the week, U.S. spot bitcoin exchange-traded funds experienced their seventh consecutive day of net outflows, losing $174.45 million during Monday’s trading session. Grayscale’s Bitcoin Trust (GBTC) was impacted most, seeing approximately $90 million in outflows. GBTC...
Galaxy Digital’s Alex Thorn: Mt Gox Bitcoin Distributions Unlikely to Disrupt Market
25.6.2024
After a decade-long wait, creditors of the defunct Mt Gox exchange are set to receive in-kind distributions of bitcoin and bitcoin cash starting in July. The head of research from Galaxy Digital predicts the market impact of these distributions will be less severe than anticipated. Long-Term...
First Mover Americas: BTC Steadies, but 10% Monthly Loss Questions Nasdaq Rally
25.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 25, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Analyst highlights three liquidity factors influencing the BTC price
25.6.2024
Ki Young Ju, the founder and chief executive officer of CryptoQuant, has highlighted that there are a total of three liquidity factors that are affecting the price of Bitcoin ($BTC). These are stablecoins, fiat currencies, and spot ETFs. BTC is currently down to around $61,000, and there are rising...