Celebrity investor Hugh Hendry predicts Bitcoin could triple, surpassing NVIDIA’s market cap. He highlights BTC’s market cap of $1.3T, calling it a unique high-growth asset. Bitcoin’s price recently rose 4% to $66,300 with volume up 11% to $31B. #Bitcoin #Update
The UK Treasury, led by Chancellor @RachelReevesMP, may sell its $4B Bitcoin stash, echoing Germany’s recent crypto sale. The 61,245 BTC, seized in a 2018 fraud case, could boost the economy but risk market downturns. #Bitcoin #Update
KK Miner’s cloud mining contracts attract $30B from 5.7M investors, offering up to $840 daily in Bitcoin as BTC surges past $65K. The company impacts 3.5% of the global hash rate. #Bitcoin #Update
? The Hong Kong Stock Exchange ($SEHK) will debut Asia’s first Bitcoin inverse product on July 23, aligning with the U.S. launch of the Spot Ethereum ETF. Managed by CSOP, it offers a regulated way to hedge or profit from BTC price declines. Key features: 2.00% annual charge, -0.05% tracking difference.
#Bitcoin #CryptoNews
Bitcoin remains below $65K as @realDonaldTrump skips mentioning crypto in his RNC speech, despite $180K in bets on Polymarket. Historical data shows presidents have minimal impact on long-term crypto growth. #Bitcoin #Update
Analysts at @BinanceResearch report optimism for the crypto market, expecting catalysts to boost performance this year. Key factors include spot $ETH ETFs launching July 23 and Bitcoin halving. Bitcoin is now at $64,367, up from June lows. #CryptoUpdate
Bitcoin ($BTC) shows resilience, trading between $61K and $71K despite a $3.5B sell-off by the German government. Institutional interest in $100K call options by year-end signals strong confidence. QCP Capital recommends a PPRA strategy with a 27% annual coupon if BTC stays in this range by Oct 2024. #Update
U.S. spot Bitcoin ETFs saw a $84.7M inflow on July 18, marking the 10th day of positive movement. Grayscale Bitcoin Trust ($GBTC) had a $22.5M outflow. Hong Kong’s spot Bitcoin ETFs reported a modest net inflow of 1.6 BTC. #Update #Bitcoin #Crypto
Bybit reports a 17.8% increase in USDT holdings, a 400% surge in USDC deposits, and a decrease in DAI by 33%. Meanwhile, $BTC and $ETH show modest gains of 5.62% and 0.46%. #Update #CryptoNews
Bitcoin mining difficulty surged by 3.21% to 82.05 T on July 18, 2024, despite a declining hash rate. This suggests increased miner activity, although the 90-day hash rate trend is down. Next adjustment expected July 31, 2024. #Bitcoin #Update
Former President Trump endorses Bitcoin, marking a pivotal moment for politics. Key figures predict bipartisan support will make $BTC central to future U.S. elections. Rumors suggest Trump may announce Bitcoin as a “strategic reserve asset,” enhancing U.S. economic resilience. #Bitcoin
Crypto traders are on alert as $2B in $BTC, $ETH, $SOL, $XRP, and $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
BlackRock’s Bitcoin ETF has attracted 18,600 BTC ($1.2B) since July 2024, marking nine consecutive days of positive flow. Despite skepticism, Bitcoin stabilized above $64,400. Co-founder Thomas Farrer highlights the rarity of such consistent inflows, signaling potential institutional adoption. #Update #Bitcoin #ETF
Donald Trump may announce Bitcoin as a U.S. strategic reserve asset at a crypto conference in Nashville. This move could legitimize Bitcoin as “digital gold,” boosting prices and attracting investors. Experts believe this could enhance economic resilience and stability globally. #BitcoinNews
