Bitcoin whales are accumulating as $BTC trades below $60K, with balances up 6.3% monthly, says @cryptoquant_com. Despite market drops, whale activity is strong, hinting at confidence in long-term gains. #Update
Anthony Pompliano (@APompliano) dismisses the idea that a Trump win will trigger a #Bitcoin rally, stressing broader market dynamics and time as key factors. He notes Bitcoin’s resilience despite recent sell-offs and predicts institutional investors will drive future price surges. #Update
Rex Shares launches double-leveraged Bitcoin ETFs, challenging ProShares’ dominance. Analyst Eric Balchunas expects significant market impact. Spot Bitcoin ETFs hit $50B in assets, pushing BTC to a record $70K in March. Matt Tuttle of Tuttle Capital sees expanded digital asset offerings. #Update
Bitcoin mining stocks rebounded Wednesday with $RIOT and $MARA shares up over 1%. Gains of 1.5%+ were seen in $CLSK, $IREN, $CORZ, and $WULF as Bitcoin prices rose from $53,520 to $59,390. #Update
Bitcoin ($BTC) and XRP ($XRP) are in focus as the U.S. Senate Committee and Rep. Ro Khanna’s roundtable discuss future crypto regulations today. With the CFTC Chair and Ripple’s CEO participating, Bitcoin is up nearly 2% ($58,510.62) and XRP at $0.4417. #CryptoRegulations
Malaysia’s largest electricity utility, @Tenaga_Nasional, reports $755M losses from illegal Bitcoin mining since 2018, impacting the energy sector and potentially leading to tariff hikes. Authorities seized $500K in equipment. #BitcoinMining #Update
Northwest Capital Management invested $1,775 in $BLK Bitcoin ETF, acquiring 52 units in Q2 2024. City State Bank and the Bank of New Hampshire also invested. The ETF saw 2134 BTC inflows on July 9, pushing prices near $59K. Institutional adoption of Bitcoin ETFs is rising. #Update
BlackRock’s IBIT ETF holds $18B in BTC, with $121M inflows on July 9. Spot BTC ETFs saw $216.4M inflows Tuesday, sustaining bullish momentum. Bitcoin hit $59.4K intraday high. #CryptoMarket #BTC
On July 8, 2024, U.S. spot Bitcoin ETFs saw a $294.9M influx. BlackRock’s IBIT fund led with $187.21M, followed by Fidelity’s FBTC at $61.54M and Grayscale at $25.08M. This surge reflects growing investor confidence in #cryptocurrencies. #Update
Bitcoin user sends on-chain message to German govt, calling taxes “robbery,” as over 50% of seized BTC is sold on exchanges like $COIN, $BTS, and $KRKN. Prices dip but recover 2.1% in 24 hours. TRON’s @justinsuntron offers to buy the BTC directly. #CryptoNews
Federal Reserve Chair Powell’s testimony has driven Bitcoin ($BTC) up 2.99% to $57,453.86, marking a recovery after recent sell-offs. Altcoins like Ethereum ($ETH) also gained 3.45%, with Solana, $PEPE, $DOGE, $TRON, $BONK, and $SHIB up 1.60%-10.35%. #CryptoNews #Update
China seizes 190K $BTC, 830K $ETH, and 27.24M $EOS from the PlusToken scam. This follows Germany’s liquidation of 50K $BTC. Both actions add pressure on the crypto market, raising concerns about stability. #CryptoNews
Germany’s government moved 6,306.9 BTC worth $362M to entities like @krakenfx, after seizing 50,000 BTC from Movie2k. Despite this, $BTC stayed above $57K. Exchanges returned over $300M in BTC, highlighting crypto asset management challenges. #Update
Bitcoin miner @Hut8Mining secures a 205MW power deal in West Texas, boosting capacity to 1.3GW. This milestone, backed by $150M from Coatue, aims to support Bitcoin mining and AI. #Bitcoin #Update
