Bitcoin circles $63K as liquidity sparks hopes of 40% BTC price gains
[Jul 2 8:11 AM] Bitcoin stands to potentially gain big from global liquidity trends, analysis concludes, as the June BTC price downtrend ends.
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Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June
[Jul 2 7:35 AM] Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions…
Bitcoin's Retreat From $70K Characterized by 'Vol Lethargy'
[Jul 2 7:23 AM] Deribit's BTC DVOL index, a measure of volatility expectations, has slipped to lowest since early February.
US Spot Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads
[Jul 2 6:32 AM] U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs…
First Mover Americas: Bitcoin Bulls Hopeful Entering July as ETFs Record $130M Inflows
[Jul 2 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Bull Run Tied To Economic Echoes Of The 1930s-1970: Arthur Hayes
Crypto ‘relief rally’ may be just beginning with sellers exhausted
[Jul 1 11:57 PM] The crypto market could bounce back this month after a rocky June, with stablecoin outflow from exchanges showing slowing selling pressure.
Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level
[Jul 1 10:30 PM] Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as…
Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says
[Jul 1 9:30 PM] A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked…
Bitcoin Price Challenge: Can It Break Through and Resume Climbing?
[Jul 1 8:46 PM] Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above…
Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million
[Jul 1 6:30 PM] In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with…
Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why
[Jul 1 5:30 PM] In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful…
Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’
Digital Assets See Outflows for 3rd Consecutive Week
[Jul 1 4:14 PM] Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs saw inflows of $18 million…
Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?
[Jul 1 4:00 PM] Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible…
Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings
[Jul 1 3:46 PM] Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2…
Bitcoin Bulls Advance Price, Face Resistance at $64K
[Jul 1 2:34 PM] The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in…
Price analysis 7/1: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
[Jul 1 1:15 PM] Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend.
Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price?
[Jul 1 1:00 PM] Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week. This eagerly awaited announcement has raised concerns within the…
Stack Duo Gains Tor Support for Monero and Bitcoin
[Jul 1 10:45 AM] Stack Wallet, a cryptocurrency wallet supporting a wide range of digital assets, and its sibling Stack Duo, a focused wallet exclusively for monero and bitcoin, have announced a significant update. In the latest release of Stack Duo v1.2.0, Tor…
Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price
NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May
Bitcoin Miners’ June Revenue Dips Slightly Below May
[Jul 1 9:15 AM] The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from…
Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains
[Jul 1 8:05 AM] On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while several digital assets posted double-digit gains. Leading the…
Tidal Investments Proposes Bitcoin and Gold ETF to Mitigate Market Volatility
[Jul 1 7:30 AM] Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term market volatility…
Crypto Spot ETFs Will Have More Influence on Market's Price Action: Canaccord
[Jul 1 6:46 AM] Ether spot ETFs, once launched, should help broaden institutional appetite for other digital assets, the report said.
First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles
[Jul 1 6:36 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for July 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance
Bitcoin Nears $64,515 Resistance: Will A Breakthrough Ignite A Bullish Run?
[Jul 1 5:30 AM] Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence. Breaking through this…
Metaplanet Buys Another $1.2M Worth of Bitcoin as Investment Strategy Progresses
[Jul 1 4:11 AM] The Japanese investment adviser said it acquired more than 20.2 BTC.