[Jul 10 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
[Jul 10 2:45 AM] BTC price upside momentum is building, but liquidity is bunching at $60,000 in an attempt to keep the market from reclaiming lost ground.
[Jul 10 2:00 AM] While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a…
[Jul 10 1:00 AM] In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above…
[Jul 10 12:00 AM] In a recent episode of Crypto Banter’s “The Sniper Trading Show,” the analyst dissected Bitcoin, discussing various hurdles and approaches to handle trading through these challenges. With Bitcoin currently teetering around the…
[Jul 9 9:38 PM] On July 12, the asset management firm, Digitalx, is set to launch a bitcoin exchange-traded fund (ETF) on an ASX operated stock market. Asset managers K2 Asset Management and 3iQ played a role in establishing what will be the second ETF approved by…
[Jul 9 9:30 PM] Bitcoin is preparing itself for a substantial bull run in the years ahead. One of the latest price trend models predicts significant gains by late 2025 from an analysis rooted in ‘power law,’ a statistical method that has historically…
[Jul 9 8:43 PM] Bitcoin price is slowly moving higher above the $56,500 level. BTC might gain bullish momentum if it clears the $58,500 resistance zone. Bitcoin started a recovery wave above the $56,500 and $57,000 levels. The price is trading above $57,000 and…
[Jul 9 8:00 PM] Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market…
[Jul 9 5:00 PM] On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics…
[Jul 9 4:10 PM] On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time…
[Jul 9 3:28 PM] The market will have to absorb between $4-$6 billion worth of bitcoin selling pressure throughout the summer months, weighing on prices, K33 Research said.
[Jul 9 12:58 PM] Since confiscating nearly 50,000 bitcoin in January, Germany’s state of Saxony has sold over half of its initial holdings, causing distress in the crypto market.
[Jul 9 12:32 PM] Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the first conversion from its 1,100 megawatts development…
[Jul 9 12:30 PM] Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A…
[Jul 9 12:05 PM] There are several ways to front-run a pending bitcoin transaction. One in particular could lead to private mempools, and thus centralization of authority on the blockchain.
[Jul 9 11:16 AM] According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling…
[Jul 9 11:00 AM] The on-chain analytics platform Santiment has provided useful insights for investors considering buying the Bitcoin dip. The platform suggested that the worst might not be over as the flagship crypto could still experience further dips from its…
[Jul 9 8:30 AM] On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows…
[Jul 9 8:00 AM] The Bitcoin price is already down more than -22% since the mid-March high over $73,000. While BTC is currently stabilizing above $57,000 following the recent price crash, there could be even more downside ahead if history repeats, according to…
[Jul 9 7:00 AM] U.S. Senator Marsha Blackburn (R-TN) has announced, in a press release sent to Bitcoin Magazine, that her re-election campaign now accepts cryptocurrency donations. This move comes as Blackburn's campaign recently launched a page dedicated to…
[Jul 9 6:43 AM] The German government entity has moved hundreds of millions worth of BTC to exchanges in the past few weeks, contributing to selling pressure and bearish sentiment.
[Jul 9 6:30 AM] The price of Bitcoin has crashed again as the German government continues its BTC selling spree. The government has already sold millions of dollars worth of Bitcoin, putting immense pressure on the pioneer cryptocurrency amidst broader market…
[Jul 9 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
[Jul 9 3:32 AM] BTC price momentum is still at least three months from returning upward, says analysis, but the outlook for the coming years should delight Bitcoin bulls.
[Jul 9 3:29 AM] Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.
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