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Bitcoin Price Prediction: BTC Holds Steady at $30,500 as Market Anticipates June Inflation Data Release
12.7.2023
The price of Bitcoin is currently trading at $30,628, reflecting a nearly 0.50% increase on Wednesday.
As the market awaits the release of June inflation data, the cryptocurrency market remains on "standby" to assess the potential impact on Bitcoin's performance.
Notably, five Bitcoin ETFs have...
Grayscale CEO: BlackRock ETF filing a ‘moment of validation’ for Bitcoin
12.7.2023
BlackRock’s commitment to advancing its crypto efforts only lends to the validity of Bitcoin as an asset class, said Michael Sonnenshein
Bitcoin Exodus: Over 855,000 BTC Withdrawn From Exchanges Since July 2020
12.7.2023
According to current data, about 2,086,034 bitcoins were held on exchanges as of July 11, 2023. This figure is 154,160 bitcoins less than the number held on centralized trading platforms 72 days earlier, on April 30. The number of bitcoins on exchanges has significantly dropped since July 31, 2020...
Best Crypto to Buy Now 11 July – Mina Protocol, Compound, Solana
11.7.2023
Major cryptocurrencies are trading with a modestly positive bias on Tuesday, but are still mostly within recent ranges ahead of Wednesday’s key US inflation data.
Bitcoin (BTC) was last trading up around 1% in the last 24 hours in the $30,600 area, while ether (ETH) was last around $1,870....
Bots Sending BTC — Lightning Labs Releases New Tools for AI-Bitcoin Integration
11.7.2023
On July 6, Lightning Labs released new developer tools to enhance the intersection of artificial intelligence (AI) and Bitcoin. The layer two (L2) startup introduced a new specification known as L402 and tools that enable AI systems to conduct transactions over the Lightning Network. The Fusion...
Bitcoin exchanges now hold the same BTC supply share as in late 2017
11.7.2023
BTC supply dynamics are pointing firmly in Bitcoin bulls' favor, as an analyst says that "true price discovery" may come as a result
Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday
11.7.2023
Ethereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies. The biggest fall came versus the British pound, with USD/GBP hitting a 15-month low. Bitcoin also rose higher, climbing past $31,000 earlier in the day. Bitcoin Bitcoin (BTC) moved...
Standard Chartered Raises Bitcoin Price Forecast — Now Expects BTC to Reach $50,000 This Year, $120,000 Next Year
11.7.2023
Banking giant Standard Chartered has updated its bitcoin price forecast. The bank’s head of crypto research now expects bitcoin to reach $50,000 this year and $120,000 the following year. “Increased miner profitability per bitcoin mined means they can sell less while maintaining cash...
Bitcoin Price Prediction: BTC Up 1.5% as Market Focus Shifts to June CPI and PPI Readings
11.7.2023
Bitcoin price is trading at $30,492 in today's market, marking an over 1% rise on Tuesday.
The cryptocurrency market continues to draw attention as Gary Gensler, the chair of the US Securities and Exchange Commission (SEC), faces criticism from a Ripple attorney, who refers to him as a "bad faith...
Bitcoin 'Burj Khalifa' fakeout repeats as BTC price spikes to $31K
11.7.2023
BTC price gets a $31,000 boost, but like last week, Bitcoin bulls fail to hold it — is this classic "re-accumulation?"
First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K
11.7.2023
PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it
Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High in the Country
11.7.2023
According to the Egyptian Statistics Bureau, Egypt’s annual inflation rate hit 36.8% in June, a staggering 33.7% increase from May’s inflation rate, breaking records. Egypt, the world’s 14th most populous country, grapples with soaring prices for goods and services across...
Bitcoin Price Prediction as BTC Wobbles at $30,000 Support – Is a Larger Sell Off on the Way?
10.7.2023
Bitcoin's price is currently teetering around the crucial $30,000 support level, raising concerns about the possibility of a more significant sell-off.
The cryptocurrency's stability at this critical juncture has attracted considerable attention among traders and investors, as they closely monitor...
Matrixport’s Year-End 2024 Prediction: Bitcoin to Reach $125,000 as Strong Performance Fuels Bullish Sentiment
10.7.2023
While bitcoin has shown strong performance in the first half of 2023, Markus Thielen, the head of research at crypto firm Matrixport, released a prediction on July 5, 2023, stating that bitcoin (BTC) will reach $125,000 by the end of 2024. Thielen’s forecast is based on a signal indicating...
Binance US Arbitrage: Social Media Users Say BTC Discount Not Indication of an Opportunity
10.7.2023
For several days since Binance US announced the resumption of withdrawals, bitcoin (BTC) has changed hands at a discount and was trading at more than $2,500 below the prevailing market price on July 10. The emergence of a discount on crypto assets paired with USD on Binance US has fueled...
Price analysis 7/10: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
10.7.2023
The weakness in the U.S. Dollar Index bodes well for Bitcoin and altcoins in the near term
Best Crypto to Buy Now 10 July – Compound, Maker, Cosmos Hub
10.7.2023
Crypto markets are mostly flat in a quiet start to the trading week.
Bitcoin (BTC) was last going sideways just to the north of the $30,000 level, while ether (ETH) was last going sideways just above $1,850.
Total cryptocurrency market cap was broadly unchanged on Monday around $1.18 trillion,...
Bitcoin, Ethereum Technical Analysis: BTC Remains Near $30,000, as Traders Prepare for Key US Economic Data
10.7.2023
After a recent slip, bitcoin moved back above $30,000 on Monday, ahead of a key week of U.S. economic data, with the headline being the inflation report. Inflation is expected to drop to 3.1% in June, which would be a nearly two-year low. Ethereum also slipped on Monday, remaining below $1,900....
Bitcoin supply shock will send BTC price to $120K — Standard Chartered
10.7.2023
Bitcoin miners will hoard BTC and drive up prices in the process, with BTC price due to tap $50,000 this year as a result
CPI meets low BTC supply — 5 things to know in Bitcoin this week
10.7.2023
Bitcoin is proving that everything is bullish but BTC price action this week, with network fundamentals and accumulation data in "up only" mode