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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)...
2024 Election Bets Propel Polymarket to $111 Million in June Volume
6.7.2024
According to metrics, the prediction market Polymarket has experienced notable volume over the past few weeks, with the firm reporting it accrued over $100 million in June and $8.2 million on the day the 2024 presidential candidates Donald Trump and Joe Biden debated on stage. The Rising Influence...
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
Spot Bitcoin ETFs see record inflows post-July 4 dip
6.7.2024
The Bitcoin price correction provides strong opportunity for ETF investors to buy the dips
Taiwan Mobile receives VASP license, entry to crypto market
5.7.2024
Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it
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...
Web3 users hit 10M in Q2, MetaMask to enhance security: Finance Redefined
5.7.2024
Consensys integrates Wallet Guard to boost MetaMask’s security, aiming to drive user fund losses to zero amid rising Web3 threats
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...
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...
Hong Kong’s Bosera HashKey ETFs dominate the Asian market
5.7.2024
Bosera HashKey virtual asset exchange-traded funds (ETFs) have experienced a historic moment as their assets under management surpassed $110 million for the first time. The Bosera HashKey Ether ETF (3009.HK) has maintained a comparable situation, maintaining a balance of over 6,000 ETH since...
Whale shakes up Ether market with $103M sell-off and $70M repurchase
5.7.2024
A whale made some splash in the Ether ecosystem by selling and repurchasing Ethereum tokens. They first transferred $103 million worth of ETH and later bought some tokens for $70 million. The number of tokens transferred at that time was 33,765 and 22,713, respectively, with an average price...
Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months
5.7.2024
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and...
Ethereum and altcoins plunge as bear market takes hold
5.7.2024
The price of Ethereum and other altcoins has dropped to levels not seen in weeks. The Bitcoin (BTC) market and other DeFi token markets likewise recorded this pessimistic forecast. If the entire crypto space is considered, there has been an overall downfall of 4.8%, with the figure standing...
Up to 99% of Mt. Gox’s $8.2B Bitcoin could be sold: Analyst
5.7.2024
Nearly all of Mt. Gox’s former creditors might be looking to sell their Bitcoin, which has increased by over 8,500% in value in the 10 years since the exchange’s collapse
U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps
5.7.2024
Software company MicroStrategy, which holds over 210,000 BTC, and bitcoin miner Hut 8 led declines as bitcoin dropped to the lowest level since late February
Biden’s reelection odds brush single digits on Polymarket
5.7.2024
Former U.S. President Donald Trump is still in the lead at odds at 61%, while U.S. Vice President and Democrat Kamala Harris is second with 19% odds
Bitcoin falls to $55K as crypto liquidations breach $580M
5.7.2024
Around $193 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February
Crypto Turbulence: Can Ethereum ETF Approval Save the Market?
4.7.2024
The crypto market has been bleeding for the better part of the last 48 hours. According to CoinGecko, the total global crypto market cap stands at $2.21 trillion. The market has lost a 5.29% market share in 24 hours alone. Crypto market prices are in the danger zone, with some losing their worth...
Bitcoin Hits New Low Since February, Options Market Stays Optimistic
4.7.2024
According to the latest data, $305.43 million was liquidated across crypto derivatives exchanges when bitcoin dipped below $57,000. One analyst predicts that with the Mt Gox and German government sell-offs, “supply will likely outstrip demand.” Conversely, QCP Capital notes that...