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7 Events That Could Shift the Crypto Market Landscape in an Instant
5.7.2024
The cryptocurrency market finds itself in a challenging situation, with a mix of obstacles and potential opportunities that could influence its future positively. This editorial examines the elements that the crypto community might encounter and highlights key points to consider amid the current...
Ethereum traders turn bearish as ETH price dips under $3K
5.7.2024
ETH price dropped to a multi-month low but ETH derivatives data suggests that traders believe the correction is over
Economist Highlights Possible ‘Hidden Recession’: Official Figures May Understate Inflation Impact
5.7.2024
In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation data and its implications for measuring true economic...
Price analysis 7/5: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
5.7.2024
The strong bounce in Bitcoin and select altcoins shows solid demand at lower levels, suggesting traders are buying the current dip
9 Dormant Bitcoin Wallets Reactivate, Moving $7.5M Amid BTC Price Drop
5.7.2024
While bitcoin’s price was at $60,382 on July 3, it dropped significantly to $53,550 two days later before rebounding back to $56,642 by 12:50 p.m. EDT on July 5. Notably, nine dormant bitcoin wallets created in 2013, 2016, and 2017 became active on Friday, moving 133.41 BTC valued at $7.5...
German MP Criticizes Bitcoin Sales, Urges Government to Hold BTC as Reserve Asset
5.7.2024
A German parliament member, Joana Cotar, has criticized the government’s decision to sell seized bitcoin on a large scale, advocating for the cryptocurrency’s use as a strategic reserve. She invited key political figures, including Chancellor Olaf Scholz, to a lecture...
Protocol Village: Valora Introduces 'Mobile Stack' to Simplify Web3 Apps on iOS, Android
5.7.2024
The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 5-10
Grayscale Ethereum Trust Hits Premium for First Time Since 2021
5.7.2024
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected...
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
5.7.2024
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk
Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023
5.7.2024
The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction
Mt. Gox Bitcoin Distribution Effects: Industry Veterans Weigh In
5.7.2024
The long-awaited distribution of Bitcoin from the collapsed Mt. Gox exchange has finally begun. This event has prompted industry veterans to share their insights, offering a range of perspectives on what the distribution could mean for investors and the market as a whole. Contrasting Views: Bearish...
Mt. Gox Bitcoin Distribution Effects: Industry Veterans Weigh In
5.7.2024
The long-awaited distribution of Bitcoin from the collapsed Mt. Gox exchange has finally begun. This event has prompted industry veterans to share their insights, offering a range of perspectives on what the distribution could mean for investors and the market as a whole. Contrasting Views: Bearish...
Mt. Gox Moves $2.71 Billion BTC, 1544.7 Bitcoin Sent To Bitbank
5.7.2024
Mt. Gox, the defunct crypto exchange, has begun moving large amounts of Bitcoin as part of its long-awaited repayment plan. This action, coupled with movements from government-held wallets, has led to a sharp decline in Bitcoin’s price. Breaking Down the Bitcoin Movements According...
Bitcoin Ichimoku cloud reassures as BTC price bounces from 4-month low
5.7.2024
BTC price action attempts to recover from the start of Mt. Gox transfers, but analysis argues the need to wait for longer-term confirmation of trend change
Pro Bitcoin; MicroStrategy, Coinbase, & BTC Miner Stocks Dip!
5.7.2024
United States crypto-related stocks registered losses in pre-market trading on Friday. The crash follows Bitcoin market losses, which have the prominent crypto trading at four-month lows. Earlier today, the Bitcoin price fell 9% to trade below $54,000 in the $53,000 zone. The market has recovered...
Mt Gox Initiates Bitcoin Repayments to Creditors
5.7.2024
The Mt. Gox Rehabilitation Trustee has announced that repayments in bitcoin and bitcoin cash have begun for some creditors. Further repayments will occur once several conditions are met. Mt. Gox has moved significant bitcoin amounts ahead of its planned $9 billion repayment. Bitcoin’s price...
Bitcoin mining difficulty set for another drop following FTX collapse
5.7.2024
The resilience of Bitcoin miners is currently being tested, and miners anticipate a 5% drop in Bitcoin’s mining difficulty. Bitcoin mining refers to the process of creating and distributing Bitcoin for circulation. Mining difficulty is a metric that determines how hard it is for a miner...
How US job market slump could boost Bitcoin prices
5.7.2024
Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows
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...
U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021
5.7.2024
Before this morning's jobs report, market participants put nearly 70% probability of lower rates in September, according to the CME FedWatch Tool