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Latam Insights Encore: El Salvador Shows Bitcoin Can Be a Catalyst to Power Tourism
29.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the positive impact bitcoin adoption had on the growth of the tourism industry in El Salvador and how this can be applied to other...
Price analysis 7/29: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA
29.7.2024
Bitcoin turned down from $70,000, a sign that bears are fiercely defending the overhead resistance, but the price whipsaws are having limited impact on altcoins
US Government Transfers $2 Billion in Bitcoin to Unknown Wallet
29.7.2024
According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale of its bitcoin and a growing belief among U.S. politicians that seized coins should be held...
7-Year-Old Sleeping Bitcoin Wallet Activates, Transfers $14M in BTC
29.7.2024
Before bitcoin (BTC) hit an intraday peak of $70,016 per unit on Bitstamp on Monday, a dormant bitcoin wallet from July 27, 2017, moved 210 BTC, valued at over $14 million. 2017 Bitcoin Wallet Activity Resurfaces, 210 BTC Moved Ahead of $70K Peak In recent days, several long-inactive bitcoin...
BTC price dips 4.5% as US gov't Bitcoin move raises new sell-off fears
29.7.2024
Bitcoin falls below $67,000 in an abrupt change of trend after initially hitting $70,000 for the first time in nearly two months
RFK Jr: Only Bitcoin can guarantee US dollar’s reserve currency status
29.7.2024
Presidential candidate Robert F. Kennedy Jr. heard about Bitcoin from his kids. Now, he believes it should be part of the bedrock of America’s monetary system
Coinbase provides custody for DigitalX’s new Australian Bitcoin ETF
29.7.2024
The US crypto exchange Coinbase is providing Bitcoin custody services to Australia’s DigitalX, the issuer of the second spot BTC ETF in the country
What happens when 1% of Bitcoin holders control 99% of BTC supply?
29.7.2024
Whales have amassed a large portion of the Bitcoin in circulation, with around 1.86% of addresses holding most of the supply
Bitcoin Technical Analysis: BTC Surges Past $69K, Faces Key Resistance Near $70K
29.7.2024
On July 29, 2024, bitcoin continues its bullish trend, demonstrating significant strength across multiple time frames. As of today, bitcoin is trading at $69,456 with a 24-hour price range between $67,618 and $69,842. Key technical indicators suggest that bitcoin’s upward momentum is likely...
First Mover Americas: Bitcoin Rises to Nearly $70K After Trump's BTC 2024 Speech
29.7.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for July 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Cantor Fitzgerald Announces New Venture to Provide Leverage to Bitcoin Investors
29.7.2024
Cantor Fitzgerald, a billionaire asset management fund, recently announced its plans to provide leveraging services for Bitcoin investors. This venture will operate as a separate entity, commencing its operations with a capital of $2 billion. The capital will be replenished in tranches of...
Record $39.4B Bitcoin open interest suggests imminent price breakout
29.7.2024
Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoin’s case, the surge in open interest could signal an imminent breakout
US national debt passes $35T — 5 Things to know in Bitcoin this week
29.7.2024
Bitcoin bulls demand a rematch with final resistance below all-time highs to start the week as BTC price upside puts $70,000 back in play
Daily Crypto Update: BTC, SOL, ETH, PEPE rejoice with market boom
29.7.2024
After a week-long decline, the cryptocurrency market has promptly rebounded. The brief correction period seems over as names like Bitcoin, Solana, and Pepe rule the market. The top 10 cryptocurrencies have covered up their losses from last week. Most of these coins have even gained some value...
Bitcoin Nears $70K on Back of Trump's Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains
29.7.2024
Mt. Gox payouts seem to have not spooked BCH holders as the forked version of bitcoin outperformed the market in an otherwise slow trading day
Bitcoin pushes toward $70K — just 6% needed for new all-time high
29.7.2024
Bitcoin price came within 5.7% of its peak today as the week begins with positive sentiment
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
29.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining...
Vaneck Predicts Bitcoin Could Reach $2.9 Million by 2050
29.7.2024
Asset management firm Vaneck released a report projecting bitcoin could reach $2.9 million per coin by 2050, becoming a global medium of exchange and reserve currency. The report suggests bitcoin could settle 10% of global international trade and 5% of domestic trade, with central banks holding...
SEC Greenlights NYSE Arca to List Grayscale Bitcoin Mini Trust
28.7.2024
The SEC has approved NYSE Arca’s proposal to list and trade shares of the Grayscale Bitcoin Mini Trust. Grayscale’s new trust will feature competitive fees. “This approval order is based on all of the exchanges’ representations and descriptions in their respective...
Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years
28.7.2024
On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin...