German gov’t transferred 832 Bitcoins ($BTC) worth $50M to exchanges like @Bitstamp, @Coinbase, and @krakenfx, reducing its holdings by 10%. Originally holding 50K BTC seized from pirates, it now holds 43,859 BTC worth $2.74B. Bitcoin now trades at $62,442. #CryptoUpdate
Bitcoin ETFs saw $129M inflows on July 1, marking the fifth consecutive day of gains, led by Fidelity with $65M. Despite miners selling 2,300 BTC, Bitcoin’s price dipped 1.09% to $62,543.33. RSI at 43 suggests potential volatility. #Bitcoin #BTC
Germany’s Northern Data plans a U.S. IPO in 2025, potentially valuing its AI cloud and data center businesses at $10-$16 billion. This strategic move follows their partnership with Tether on AI and data solutions. #CryptoNews #Update
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
