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From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues
11.7.2024
Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday...
Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger
11.7.2024
A clutch CPI beat fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour
German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins
11.7.2024
At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning...
Bitget reports $700M capital inflow in Q2, adds 2.9M users
11.7.2024
The exchange reported that its BTC, USDT, and ETH holdings grew by at least 70%, highlighting a $700 million capital inflow for the quarter
Bitcoin speculators hodl 2.8M BTC in 'worst performing' price cycle
11.7.2024
Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions
CFTC Chair reiterates BTC and ETH are commodities in testimony
11.7.2024
Head of the US commodities regulator, Rostin Behnam, has again argued his agency should be given regulatory oversight of Bitcoin and Ethereum to better protect investors
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
11.7.2024
The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection, market integrity, and the necessity of federal...
Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
10.7.2024
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022
Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
10.7.2024
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction
Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
10.7.2024
Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels
High-conviction Bitcoin traders targeted in new long BTC ETFs
10.7.2024
Rex Shares’ new Bitcoin ETFs offer 200% long or short directional exposure to Bitcoin’s price volatility
Bitcoin traders' profit margins repeat 2022 bear market — New research
10.7.2024
Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
10.7.2024
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July...
Bitcoin Recovery Influences ETF Inflow; BTC Breaches $59k
10.7.2024
We are far from, or better yet, no longer threatened with, another Bitcoin winter. The crypto market has picked a recovery curve amid massive Bitcoin sell-offs by the German government. Today, BTC surged over $59,200, nearing its previous support at $60,000. The surge has created buying pressure...
Bitcoin Steady at $58.5K as German State Saxony Moves $300M in BTC
10.7.2024
BTC held largely steady amid the continued divestment of coins, having failed to keep gains above $59,000 during the Asian hours
German Gov’t $354M BTC sell-off: Yet more volatility incoming?
10.7.2024
The German government is ramping up its Bitcoin sell-off, preparing to offload an additional $342 million worth of BTC
Bitcoin sellers are trying to keep BTC price below $60K
10.7.2024
BTC price upside momentum is building, but liquidity is bunching at $60,000 in an attempt to keep the market from reclaiming lost ground
Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale
10.7.2024
According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their...
Bitcoin transfer costs fall to 2020 lows
10.7.2024
Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs
Spot Bitcoin ETFs buy up $654M in BTC over 3 days
10.7.2024
Investors have piled into Bitcoin ETFs over the last three trading days, but it wasn’t enough to offset Germany’s BTC selling spree