Price analysis 7/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin is holding at $65,500; failure to maintain this level could lead to a drop to $62,000, affecting altcoins. Staying informed is crucial amid market volatility.
Bitcoin News
Focuses exclusively on news and developments pertaining to Bitcoin, the first and most prominent cryptocurrency.
Schiff Criticizes Trump Endorsement of Bitcoin
Peter Schiff criticizes Donald Trump for endorsing $BTC ahead of the US Presidential elections, calling it riskier than CEOs investing shareholder money. Trump’s comments spurred $4M in crypto donations, highlighting his potential influence on future crypto regulations. #Bitcoin #Update
Bullish Bitcoin traders better positioned for Friday’s $5.5B options expiry
Bullish Bitcoin traders prepare for a $5.5 billion options expiry, with 90% of open interest in call options, signaling strong optimism and potential profits amid market volatility.
Tiny 500Gh/s home Bitcoin mining device produced a block, earning over $200K BTC
The Bitaxe, a low-power mining device with 500 Gh/s, mined a Bitcoin block worth over $200,000, proving small miners can achieve significant rewards in the crypto landscape.
Hashdex files S-1 for ETF to hold Bitcoin, Ether and potentially others
Hashdex has filed for an S-1 to launch the Nasdaq Crypto Index US ETF, potentially holding Bitcoin, Ether, and more, marking a pivotal moment for traditional crypto investment access.
Bitcoin rewards app Fold to go public on Nasdaq via SPAC deal
Fold, a Bitcoin cashback app, is set to go public on Nasdaq via a SPAC deal by the end of 2024, marking a major milestone for Bitcoin rewards platforms.
Riot Platform buys Kentucky-based Block Mining for $93M
Riot Platform has acquired Block Mining for $93 million, boosting its self-mining hashrate by one exahash per second, enhancing competitiveness and solidifying its position in the cryptocurrency mining sector.
Bitcoin Accumulation: Optimal Time to Invest?
Bitcoin is in an accumulation phase with 358K BTC moved to long-term holders in the past month, per @ki_young_ju. Spot Bitcoin ETFs saw an influx of 53K BTC in July 2024, signaling strong institutional interest. $BTC trades near $64,200. #Update #Bitcoin
New Jersey mayor plans to invest in Bitcoin ETFs for city’s pension fund
Jersey City’s Mayor Steven Fulop plans to invest in Bitcoin ETFs for the city’s pension fund, potentially setting a precedent for municipal finance and reflecting a growing acceptance of cryptocurrency among Americans.
Bitcoin ETFs Boost Jersey City Pension Funds
Jersey City, led by Mayor Steven Fulop, will invest part of its pension fund in Bitcoin ETFs, following Wisconsin’s $160M move. This decision, expected to finalize by summer’s end, shows growing institutional interest in $BTC. U.S. pension funds manage over $27T. #CryptoNews
Bitcoin mainnet receives first-ever verified ZK-proof
BitcoinOS has achieved a historic milestone by verifying the first zero-knowledge proof on the Bitcoin mainnet, enhancing privacy and scalability, and positioning Bitcoin for advanced decentralized applications.
Political undertones stand out as Bitcoin 2024 hits Nashville
The Bitcoin 2024 conference in Nashville on July 27 will feature Donald Trump, highlighting the crucial intersection of politics and cryptocurrency, with over 40% of attendees stressing political engagement for Bitcoin’s growth.
World’s largest BTC miner Marathon buys $100M BTC to go ‘full hodl’
Marathon Digital Holdings, the largest Bitcoin miner, invested $100 million in Bitcoin, committing to a ‘full hodl’ strategy and showcasing confidence in Bitcoin’s long-term value by not selling mined BTC in June.
Bitcoin Magazine Japan Licensed to Metaplanet
Metaplanet ($TYO) and Bitcoin Magazine launch a new office in Tokyo, Japan, during the Bitcoin Conference in Nashville. Metaplanet will operate Bitcoin Magazine Japan, aiming to boost Bitcoin’s presence in Japan with local content. They recently acquired 42.47 Bitcoins, bringing their total to 203,734 BTC. #Bitcoin #Update