Bitcoin price CPI gains last just 1 hour as Mt. Gox sell-off fears linger
[Jul 11 8:41 AM] A clutch CPI print fails to buoy heavy crypto markets for long, with Bitcoin gaining then losing $1,000 within an hour.
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US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations
[Jul 11 8:30 AM] The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of…
German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins
[Jul 11 7:45 AM] At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings…
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
[Jul 11 6:41 AM]
Microstrategy Announces 10-for-1 Stock Split to Make MSTR More Accessible to Investors
[Jul 11 6:35 AM] Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for…
Crypto Market Rebound Expected in August, Liquidations to Finish By July-End: JPMorgan
[Jul 11 6:32 AM] The bank reduced its year-to-date crypto market net flow estimate to $8 billion due to a decline in bitcoin reserves across exchanges in the past month.
First Mover Americas: Bitcoin Holds $58K Ahead of U.S Inflation Report
[Jul 11 6:03 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 11, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Speculation Index Slide Suggests Bitcoin Bull Market Reset
[Jul 11 5:04 AM] Key gauge shows that the speculative forth prevalent during the first quarter has dissipated.
Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?
[Jul 11 5:00 AM] Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline…
Bitcoin speculators hodl 2.8M BTC in ‘worst performing’ price cycle
[Jul 11 2:38 AM] Bitcoin unrealized losses mount, but unlike previous market cycles, BTC hodlers underwater are keeping a lid on their emotions.
Economist Predicts 90% Chance Bitcoin Hits New High By March 2025
Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market
[Jul 11 12:46 AM] Increased prospects of Fed rate cuts could bode well for BTC's recovery.
German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind
[Jul 10 11:00 PM] In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month. Bitcoin…
Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets
[Jul 10 10:00 PM] The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer…
Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline
[Jul 10 9:00 PM] To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year. Goldman Sachs Aims To Capitalize On Tokenization…
Bitcoin Price Hit By Rejection: Will Bulls Stumble Once More?
[Jul 10 8:38 PM] Bitcoin price struggled to clear the $59,500 level. BTC is moving lower and now at risk of more downsides toward the $56,000 level. Bitcoin started another decline from the $59,475 resistance zone. The price is trading above $57,200 and the 100…
Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%
[Jul 10 8:00 PM] Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory. Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It…
Protocol Village: SKALE's 'Pacifica V3' Upgrade to Double Transaction Throughput
[Jul 10 7:20 PM] The latest in blockchain tech upgrades, funding announcements and deals. For the period of July 18-24.
Senate Committee Discusses Strong Federal Oversight of Crypto Markets
[Jul 10 6:31 PM] The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The discussion focused on investor protection…
Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
[Jul 10 3:41 PM] 83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022.
Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip
[Jul 10 2:37 PM] Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market…
Bitcoin Price Decline on Germany, Mt. Gox and Miner Sell Pressure May Be Overblown: NYDIG
[Jul 10 2:01 PM] Recent blockchain movements sparked "irrational" fears, offering a buying opportunity for investors, NYDIG's Greg Cipolaro said.
Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low
[Jul 10 1:35 PM] Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the…
Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
[Jul 10 12:19 PM] Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction.
Price analysis 7/10: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
[Jul 10 11:25 AM] Bitcoin’s recovery faces selling near $60,000, indicating that bears remain active at higher price levels.
Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline
[Jul 10 10:30 AM] Bitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million…
Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?
[Jul 10 9:30 AM] A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs. Bitcoin Anticipated To…
Bitcoin traders’ profit margins repeat 2022 bear market — New research
[Jul 10 9:21 AM] Bitcoin is exhibiting classic bottoming-out territory when viewed through the lens of unrealized losses, CryptoQuant says.
Bitcoin at Pivotal Point as Bear Market Beckons: Onchain Data
[Jul 10 8:27 AM] Bitcoin is it a crucial stage in this market cycle as several factors signal continued downside whilst others indicate that BTC is set to bottom out.