Bitcoin’s MVRV ratio turned negative for the first time since March 2023, signaling caution. Bitcoin fell to $54,500 before recovering to $55,770; market cap just under $1.1T. Potential sell-offs from Mt. Gox creditors and the German government add to investor concerns. #Update #Bitcoin #CryptoMarkets
? The German government moved 1,000 BTC ($56.65M) to Coinbase, Bitstamp, and an unknown address amid a bearish market. Bundestag’s Joana Cotar calls Bitcoin a “strategic reserve currency.” $BTC is down 2.2% today. #CryptoNews
Japanese firm Metaplanet acquired 42.4 BTC for ¥400 million ($2.4M) amid market slump, boosting its holdings to over 203 BTC. This aligns with its strategy to use Bitcoin as a strategic treasury reserve asset. #Crypto #Update
Bitcoin hits a 5-month low at $53,485 amid whale selloffs, miner capitulation, and German BTC distribution. @Circle secures first stablecoin license under MiCA. Meanwhile, meme coins BONK and PEPE gain over 15%. #Bitcoin #CryptoNews
German MP Joana Cotar opposes ECB’s digital Euro, citing privacy risks and advocating for $BTC. She argues Bitcoin offers better asset diversification and privacy. #Crypto #Bitcoin
Joana Cotar, German Bundestag member, opposes the ECB’s digital Euro, citing privacy risks. Advocates for $BTC, highlighting its investment potential. The German government holds 39,826 Bitcoin, valued at $2.30B, and recently liquidated $76M worth, impacting prices. #Update
Germany transfers 700 BTC ($40M) to an unknown address, fueling speculation of a major institutional buyer. Authorities have sold over 10,000 BTC since June, prompting market concerns. @justinsuntron offers to buy remaining Bitcoin to reduce impact. #Bitcoin trades at $57,370.
Mantra ($OM) surged 8% in 24 hours, while MultiverseX ($EGLD) rose 3.5%, defying Bitcoin sell pressure from the German government’s BTC liquidation. Mantra’s RSI suggests more upward potential with a $703.4M market cap. #CryptoUpdate
Net inflows into spot Bitcoin ETFs hit $143M on July 5, led by @Fidelity’s $117.4M. Fidelity’s $FBTC now has $9.65B AUM, making it the third-largest in the U.S. Meanwhile, @Grayscale faced a $28.6M outflow from its $GBTC fund. #Bitcoin #Update
Bitcoin whales, holding over 10K $BTC, have increased their holdings to a six-year high, adding 212,450 BTC in six weeks. Smaller whales, holding over 10 BTC, also hit an all-time high at 16.17M BTC. This accumulation signals strong confidence in Bitcoin’s future. #Update #Bitcoin
? Bitcoin Selling Pressure Alert: Two whale addresses moved 9,301 BTC to Binance on June 27, causing a price drop. Meanwhile, the German and U.S. governments transferred 547 BTC and 237 BTC, respectively. Within two weeks, whales sold $1.2 billion worth of BTC. #Bitcoin #CryptoNews
Recent actions by Mt. Gox and the German government have caused Bitcoin ($BTC) volatility. Lucy Gazmararian of Token Bay Capital suggests gradual asset selling may prevent a market crash. She predicts a quieter summer but emphasizes potential volatility in the fall. #Bitcoin
BitMEX transferred over $800M in Bitcoin across two major transactions, resulting in a daily outflow of 22,000 BTC. This move, amid a volatile market and wallet upgrades, reduces BitMEX’s reserve significantly. Market activity also influenced by German BTC sales and U.S. employment data. #CryptoNews
Core Scientific mined 430 BTC in June, totaling 4,506 BTC for 2024. They secured a $1.23B deal with AI firm CoreWave and expanded their Denton, TX data center by 72 MW. Their fleet achieved 19.4 EH/s, with 42,000 hosted units contributing 110 BTC. #Update
