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Bitcoin Whales Accumulate 71,000 BTC Amidst Price Dip – Details

[Jul 13, 2024 10:30 PM] The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather…

Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June

[Jul 13, 2024 1:10 PM] Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue…

Inflow Streak Pushes US Bitcoin ETFs Near $16B Mark

[Jul 13, 2024 10:05 AM] U.S. spot bitcoin exchange-traded funds (ETFs) attracted $310.21 million on Friday, marking the sixth consecutive day of inflows. Blackrock’s IBIT and Fidelity’s FBTC led the day with $120.03 million and $115.14 million, respectively…

Bitcoin Lags Behind S&P 500, Signaling Potential Bullish Catch-Up

[Jul 13, 2024 6:30 AM] Bitcoin has managed to record some price gains in the last week following a brutal market sell-off at the start of July which saw the crypto market leader lose 10% of its price on July 5.  At the moment, analysts continue to roll out observations…

Bitcoin Recovery Stalls As HODLers Apply Selling Pressure

[Jul 12, 2024 4:00 PM] On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a…

Digital Assets Thrive in H1 2024, CME and Glassnode Report Finds

[Jul 12, 2024 9:31 AM] Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as…

Hiro Systems Applauds SEC Decision to Close Stacks Investigation

[Jul 12, 2024 8:48 AM] The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Stacks, a Bitcoin scaling network, and its original developer, Hiro Systems, with no recommended enforcement actions. This investigation began in 2021 despite…