Bitcoin Tops $66K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins
[Jul 19 11:48 AM] Friday's crypto rally defied past days' correlation with U.S equities, which continued their losing streak.
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Bitcoin Bollinger Bands Squeezing: Is BTC Ready For $140,000?
[Jul 19 11:30 AM] Bitcoin is in an uptrend, but events in the daily chart show pockets of weakness. Though BTC is stagnant, analysts are upbeat, expecting prices to rise in the days to come. Is Bitcoin Ready To Rip Higher: Analyst Says Bulls Are Eyeing $140,000…
Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation – Details
[Jul 19 10:00 AM] Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Crypto Community Clueless…
Golf and Bitcoin: The Greatest Games
[Jul 19 9:57 AM] "Golf is deceptively simple and endlessly complicated; it satisfies the soul and frustrates the intellect. It is at the same time rewarding and maddening - and it is without a doubt the greatest game mankind has ever invented." - Arnold PalmerThis…
Will UK Labour gov’t follow Germany’s example and liquidate 61,245 BTC?
[Jul 19 9:37 AM] After 14 years, Labour is in control of the UK government. Chancellor of the Exchequer Rachel Reeves may have discretion to use the country’s Bitcoin holdings for the party’s goals.
Bitcoin bulls charge toward $66K as BTC price eyes new 1-month high
[Jul 19 8:39 AM] Bitcoin wakes up at the Wall Street open with bulls in the driver’s seat for another snatch at the highest BTC price levels since mid-June.
Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next
[Jul 19 8:30 AM] A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market…
Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts
[Jul 19 6:30 AM] As Santiment analytics disclose an accelerating decline in wallets holding one or more Bitcoin, the cryptocurrency industry has gone abuzz. Crucial for gauging mood in the market, this indicator has been progressively dropping as traders become…
First Mover Americas: Bitcoin Trades at $64K as Biden Withdrawal Likelihood Increases
[Jul 19 6:02 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 19, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto market faces structural weakness: Binance report
[Jul 19 5:51 AM] Despite recent improvements, the crypto market remains down 14% from its peak, with new capital inflows slowing and a “Player vs. Player” market emerging.
Bitcoin 'crazy tight' Bollinger Bands point to $190K BTC price target
[Jul 19 1:45 AM] Bitcoin volatility cues have only been so skewed in bulls' favor twice in its history, analysis of the weekly BTC price chart concludes.
Bitcoin Price Hints at Downside: Preparing for Potential Declines
[Jul 18 8:49 PM] Bitcoin price corrected gained from the $66,000 resistance level. BTC dipped below $64,000 and might extend losses in the short term. Bitcoin started a fresh downside correction from the $66,000 resistance zone. The price is trading below $64,500…
Bitcoin (BTC) Could Be On The Verge Of a 30% Gain, Here’s Why
[Jul 18 7:30 PM] Bitcoin seems on the verge of a massive breakout as it nears a crucial bull market trendline that broke in June last year. From a technical perspective, this development is an important step for Bitcoin to re-enter a price point that has…
Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says
[Jul 18 6:00 PM] An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager…
Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500?
[Jul 18 4:30 PM] Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000. Bitcoin Not Yet Ready To…
Billions Worth Of Bitcoin Pulled From Exchanges: Is BTC Preparing For $72,000?
[Jul 18 1:30 PM] Bitcoin is steady when writing, floating above immediate support levels and inches away from reclaiming the all-important local liquidation line at around $66,000. Even as the broader crypto community expects buyers to step in and push prices…
Bitcoin traders expect a ‘push higher’ after several metrics turn bullish
[Jul 18 12:43 PM] Bitcoin’s price has cooled off from its recent highs, but analysts still anticipate a “push higher” as multiple BTC metrics flash bullish.
TON Foundation to Launch Bitcoin Bridge on The Open Network
[Jul 18 11:30 AM] The TON Foundation has announced the upcoming launch of TON Teleport BTC, a bridge designed to facilitate trustless and secure transfers of bitcoin to and from The Open Network (TON). This initiative aims to expand bitcoin’s utility by…
Bitcoin Slumps Towards $63K as Speculation About Biden Dropout Intensifies
[Jul 18 10:47 AM] As the odds for Joe Biden pulling out of the presidential race soared over the past day, the chances of a victory for the now crypto-friendly Donald Trump slumped.
Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements
[Jul 18 10:30 AM] The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded…
Crypto Exchange Kraken Paid Dave Portnoy Bitcoin in Sponsorship Deal
[Jul 18 9:59 AM]
Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom
[Jul 18 9:30 AM] Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to…
Bitcoin RSI points to more BTC price upside as a $65K battle rages
[Jul 18 8:34 AM] BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation.
Germany Dumping $2.8B Bitcoin Is 'Market Intervention,' Despite Murky Legal Justifications
[Jul 18 8:22 AM] One expert told CoinDesk the law does not provide for an obligation, but merely an opportunity to sell, while another alleged that “How they handled this sell-off moved the market and is intervention in public markets.”
Why Did The German Government Sell Off 50,000 Bitcoin In 2 Weeks
[Jul 18 7:30 AM] The German government has sold all of its Bitcoin (BTC) in just two weeks. The reason for the substantial Bitcoin dump was unveiled in a recent statement by the Saxony Central Office for the Protection and Realization of Virtual Currencies. Why…
Mt. Gox creditors opt to hodl Bitcoin payouts — Reddit poll
[Jul 18 7:10 AM] As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda.
German Authorities Announce Bitcoin Sale Completion, Net €2.6 Billion
[Jul 18 6:25 AM] German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price…
Bitcoin ETFs have 4-8X more BTC price influence than miners — Research
[Jul 18 6:05 AM] Bitcoin miners' "market influence" pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode.
First Mover Americas: Bitcoin Trades Below $65K Following Wednesday's Drop
[Jul 18 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Runes protocol sees sharp decline in popularity
[Jul 18 4:54 AM] The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance.