Arthur Hayes, co-founder of BitMEX, claims Bitcoin’s blockchain offers superior value transfer over gold due to its efficiency and digital transactions. Highlighting the Federal Reserve’s dollar devaluation, he positions Bitcoin as a new stateless currency. Bitcoin has outperformed gold, capturing some of its market appeal. #Bitcoin
Bitcoin surged to ~$63K and Ethereum to ~$3.4K on July 1, 2024. Experts stress Bitcoin’s key level at $61,180 for market stability. Ethereum might drop to $3-3.1K in July-August. Investors should plan for possible corrections. #CryptoUpdate
The SEC is reviewing public comments on Hashdex’s proposed Bitcoin ($BTC) and Ethereum ($ETH) ETF. This ETF aims to offer institutional investors exposure to both cryptocurrencies, managed by Hashdex and administered by Tidal ETF Services. Decision expected by March 2025. #CryptoNews
Bitcoin ($BTC) sees significant volatility, currently at $62,743.35 (+2.04% in 24h), driven by lower-than-expected US ISM Manufacturing PMI data (48.5 vs. 49.1). Strong demand for its spot ETF product and recent halving support potential price rebound. #Bitcoin #CryptoNews
Bitcoin’s historical data hints at a positive July, with BTC reclaiming $62,200 after a 2% bounce. Historically, July averages an 8% increase after a June dip. Key resistance at $64,700 could impact further gains. #Update #Bitcoin $BTC
Ethereum ETFs face $61M outflows, their worst in 2 years, due to SEC’s delay in approving spot ETFs. Trading volume up 43% but still below average. #Ethereum #CryptoNews
Bitcoin weekend trading volumes hit a record low of 16% in 2024, influenced by Bitcoin spot ETFs and the 2023 closure of key US banks like SVB and Signature Bank. Despite lower weekend activity, ETFs have added stability and liquidity. #Update #Bitcoin $BTC
The Russian Union of Industrialists and Entrepreneurs is planning a national Bitcoin fund to boost digital financial assets in foreign trade, circumventing sanctions. This initiative will use locally mined Bitcoins to back DFAs for legal cross-border transactions. #CryptoNews
Germany sells 400 BTC ($25.28M) to major exchanges, part of 2,500 BTC sold recently. Despite sales, Germany’s Bitcoin holdings still valued at $2.8B with $961M in unrealized profit. Bitcoin price surges above $62K, currently trading at $62,868.28. #CryptoNews
Bitcoin ATM market grows to 38,000 units globally, despite a drop from 40,000 in Dec 2022. Key drivers include privacy and ease of use. Challenges like regulatory hurdles remain. Experts foresee further expansion. #BitcoinATM #Update
Michael Dell (@MichaelDell) polls followers on Bitcoin, AI, Love, and relationships; Bitcoin garners 43% of 61,489 votes. Dell’s increasing interest follows interactions with Michael Saylor and could signal a strategic shift towards $BTC. #Update
Michael Dell (@MichaelDell) shows growing interest in Bitcoin, with a poll revealing 43% of followers support BTC. Dell Technologies may revisit BTC investments as institutional adoption rises. #Update #Bitcoin $BTC
Bloomberg analyst Mike McGlone warns of a potential shift in Bitcoin’s dominance in Q2, citing risks of deflation. The Mt. Gox bitcoin payout in July could also affect the market. Bitcoin trades at $61,101.55. #Bitcoin #Update
? On June 28, 2024, the US Bitcoin spot ETF market saw a $73.05M inflow. @BlackRock’s IBIT led with $82M, while Grayscale’s GBTC had a $27M outflow. Total crypto fund assets reached $52.12B, signaling strong institutional interest. #BitcoinETF #Update
