US spot Bitcoin ETFs recorded $147.37M inflows on July 10, 2024, with Filelity’s FBTC fund leading at $57.79M. Despite @Grayscale’s $GBTC fund outflow of $8.15M, total three-day inflows hit $801M, showing strong investor confidence in Bitcoin. #Bitcoin #Update
Renowned economist Peter Schiff predicts gold will outperform Bitcoin amid expectations of triple rate cuts by the U.S. Federal Reserve in 2024. Gold surged over $30, trading above $2,400 after cooling inflation data. ETFs like $GDX and $GDXJ hit new 52-week highs. #Update
Bitcoin surged to over $59K after US June inflation data showed CPI down to 3%. Speculation grows on potential Fed rate cuts, boosting $BTC and altcoins. Economists eye September for the first cut. #Update #Crypto
U.S. inflation slowed to 3% in June 2024, below the expected 3.1%, propelling Bitcoin prices above $59,000. The CPI, excluding food and energy, rose just 0.1% month-over-month, signaling potential economic stability. #Update #Bitcoin #Inflation @Bitcoin
Madden Securities Corp dives into crypto, investing $1.67M in Bitcoin ETFs including $520,953 in Grayscale’s GBTC. This move marks a significant institutional adoption trend, with $147M inflows into the market. Notable ETFs: Grayscale, VanEck, BlackRock, Fidelity’s FBTC ($57.8M). #CryptoNews
? The UK’s Solicitors Regulation Authority warns of a scam where fraudsters impersonate lawyers, demanding Bitcoin payments via fake emails. Verify legal communications through official channels to avoid falling victim. #CryptoScam #Update
Bitcoin whales are increasing their holdings by 6.3% monthly, despite BTC trading at $58,200. The BTC accumulation trend score surged to 0.44, a three-month high. This strategic move indicates confidence in a market rebound. #Update #Bitcoin $BTC
Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Germany sold 1125 BTC through Coinbase, Kraken, and Bitstamp as part of liquidating seized assets from a movie piracy site. The BTC price remained stable at $57K. Germany’s reserves are now 13,177 BTC, down from 50,000 in June 2024. #Cryptocurrency #Update
Bitcoin rebounds to $58K after a recent sell-off. On-chain data shows a 2-month high in wallets holding over 10 BTC. Whale and shark wallets surged in July, adding 261 more wallets. Custodial wallets amassed 85K BTC, reflecting long-term confidence. #Crypto #Bitcoin
Rostin Behnam, Chairman of @CFTC, declares Bitcoin and Ethereum as commodities, not securities, during U.S. Senate testimony. This aligns with an Illinois court ruling on $OHM and $KLIMA. Behnam stresses the need for robust regulatory oversight in the crypto market. #CryptoNews
Federal Reserve Governor Lisa Cook hints at rate cuts, signaling a potential “soft landing” for the US economy. Traders anticipate a 25 basis points cut in September. Bitcoin could surpass $60K if CPI data is favorable. Recent short covering saw Bitcoin peak at $59,350. #Update #Economy #Bitcoin
Former US President Donald Trump will speak at the Bitcoin 2024 conference, advocating for “MADE IN USA” Bitcoin mining and criticizing Biden’s crypto regulations. Debate arises over his genuine intent versus election strategy, with support from industry figures like the Winklevoss Twins. #Bitcoin2024
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
