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Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500
7.7.2024
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s...
Robert Kiyosaki Predicts $10 Million Bitcoin and $15,000 Gold After Major Market Crash
7.7.2024
Rich Dad Poor Dad author Robert Kiyosaki predicts an imminent economic crash followed by a significant bull market where bitcoin could easily reach $10 million per coin, gold could reach $15,000 an ounce, and silver possibly $110 an ounce. Kiyosaki suggests this cycle is inevitable due to declining...
Fundstrat’s Tom Lee Predicts ‘Pretty Sharp Rebound’ for Bitcoin — Expects to See $150K BTC This Year
7.7.2024
Fundstrat’s head of research, Thomas Lee, has doubled down on his bitcoin price prediction of $150K by year-end, post Mt. Gox distribution. He expects “a pretty sharp rebound” for bitcoin in the second half of this year, citing the resolution of the Mt. Gox overhang, potential...
Bitcoin Proponent Bruce Fenton Calls Out Jack Dorsey Over Censorship Allegations During Twitter Tenure
6.7.2024
Over the weekend, a prominent personality in the bitcoin and blockchain sector, Bruce Fenton, addressed Jack Dorsey, CEO of Block, Inc., through a post on the social media platform X. Fenton asserts that Dorsey owes an explanation, as Twitter’s senior leadership has faced accusations...
US Spot Bitcoin ETFs Attract $143 Million in Inflows Amid BTC Price Drop
6.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $143.1 million during Friday’s trading sessions, closing out the week on a positive note. Friday’s ETF Action Bounces Back After 2 Days of Outflows...
Sleeping Bitcoin Wallet Transfers 1,000 BTC Worth Over $56M After a Decade
6.7.2024
On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block...
Bitcoin’s Market Cap at Risk of Falling Below $1 Trillion for First Time in 4 Months
6.7.2024
According to recent statistics on Saturday, July 6, 2024, bitcoin’s market capitalization is nearing the $1 trillion mark. If bitcoin’s value drops by $110 billion, it will hit a low not seen since late February 2024. Bitcoin Market Cap Teeters on $1 Trillion Mark Bitcoin (BTC)...
Bitcoin sales by gov'ts just 4% of $225B bull market inflows — Analyst
6.7.2024
BTC selling volumes generated by nation states are a drop in the ocean this bull market, argues CryptoQuant's Ki Young Ju
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
6.7.2024
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials collected up to $500,000 in bribes monthly and called...
Analyst: Mt Gox Repayment Event Will Cause 4x the Selling Pressure for BCH Compared to BTC
6.7.2024
Peter Chung, an analyst of Presto Research, has examined the intensity of the selloff that ostensibly will be caused by the repayment of Mt Gox creditors, set to flood the market with close to 142,000 BTC between July and October. According to Chung, BCH will hurt the most with this selloff, given...
Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
5.7.2024
CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000
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...
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...
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...