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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...

Tron Founder Justin Sun Offers to Buy German Government’s BTC Stash Amid Price Drop

4.7.2024
Amid the bitcoin price decline and the German government transferring millions of dollars worth of BTC, Tron founder Justin Sun announced on X that he is prepared to purchase the remaining BTC from the German government. “I am willing to negotiate with the German government to purchase...

Justin Sun offers to buy German gov’ts $2.3B Bitcoin stack to minimize market impact

4.7.2024
The government-linked wallet has been steadily selling its holdings, threatening to create continued Bitcoin selling pressure

Bitcoin Dips to $56,952 as Market Reacts to Mt Gox and German BTC Moves

4.7.2024
On Thursday, July 4, 2024, the price of bitcoin fell below $57,000, reaching a low of $56,952 at 5:20 a.m. EDT. There is widespread speculation about the Mt Gox distribution and the German government’s transfer of approximately 3,000 bitcoin to unidentified wallets, Coinbase, Bitstamp,...