Bitcoin ETFs saw a record net inflow of $310.2M on July 12, 2024. Leading were @BlackRock’s IBIT ETF with $120M and Fidelity’s $FBTC ETF at $115M. This surge highlights growing investor confidence in crypto. #Update #Bitcoin #Crypto
U.S. Bitcoin ETFs saw a $1.1B influx, hitting a record 888,607 BTC. BlackRock’s IBIT led with $523M, followed by Fidelity’s FBTC with $356M. Global Bitcoin ETF holdings reached 1,051,569 BTC. Despite German liquidations, Bitcoin’s price stabilized, showing strong institutional demand. #CryptoNews
Germany completes its Bitcoin liquidation, selling 50,000 BTC worth $3B, causing an 18% price drop. Analysts warn it might be a strategic blunder. This event highlights the impact of large BTC holdings on the market. #Bitcoin #Update
Germany has sold its last 3,846 $BTC, totaling $223.81M, marking the end of a month-long selloff of over 46,000 BTC. This move impacted crypto markets, keeping Bitcoin below $60K. Market experts now predict potential recovery and stabilization. #Crypto #BitcoinNews
Bitcoin ($BTC) diverges from its usual correlation with the S&P 500, experiencing a 19.4% decline over 5 weeks, while the S&P 500 grew by 5.4%. Despite a minor 2.97% recovery for BTC, its bearish trend continues. This shift could signal a potential bullish period for BTC. #Update
? Texas emerges as a Bitcoin mining hub, causing health issues for residents. Noise levels from mining reach 91 decibels, leading to hearing loss, dizziness, and sleep disturbances. Major players like @MarathonDH & $HUT are central to this shift. #Update #BitcoinMining
US Senator Cynthia Lummis advocates for Bitcoin reserves to bolster the US dollar’s dominance. She supports self-custody Bitcoin wallets and opposes CBDCs, warning against government surveillance. Lummis’ pro-Bitcoin stance aims to secure economic strength and individual financial freedom. #Bitcoin #Update
Northern Data ($NB2) projects 2024 revenue to triple to €240M, driven by high-performance computing solutions. Exceeding 2023 expectations, the company eyes €570M by 2025. A potential U.S. IPO could value its AI cloud and data center units at $10-16B. #Update
U.S. PPI inflation surged to 2.6%, exceeding expectations. This marks the fifth consecutive rise, contrasting with falling CPI. Major indices remained flat, while $BTC saw a slight selloff. Treasury yields inched up, and the US Dollar Index showed volatility. #Inflation #Update
Genesis Trading has moved 12,000 BTC to Coinbase amid its bankruptcy liquidation, following reorganization approval in May 2023. With 33,000 BTC remaining, valued at $1.9B, the $760M transaction raises concerns about Bitcoin price volatility, especially with other market pressures like Mt. Gox’s anticipated liquidations. #Bitcoin
Bitcoin ETFs in the U.S. saw five consecutive days of inflows totaling $72.1M as $BTC hit $59K. Bitwise’s BITB and ARK’s ARKB also saw gains, while Grayscale’s GBTC faced $37.7M in outflows. #Update #Bitcoin #Crypto
Bitcoin ($BTC) and Ethereum ($ETH) may see significant moves as US CPI data is released today, possibly hinting at Fed rate cuts. BTC hit $57,084 after Mt. Gox turbulence; ETH gained 1.78% to $3,150. #CryptoNews
Mt. Gox will repay 138,000 $BTC, raising fears of a market crash. German Bitcoin liquidations have already spurred a downturn. Cycle Capital warns a swift release could lead to panic selling. However, $16B from FTX repayments might stabilize prices. #CryptoUpdate
The German government sold 2,700 BTC as part of liquidating assets seized from a piracy site. Transactions involved $BTC being distributed to Coinbase, Kraken, Bitstamp, and linked addresses. Germany’s Bitcoin reserves now stand at 6,394 BTC, valued at $394.9M. #Bitcoin #Update
