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
VanEck named @Coinbase as an additional custodian for its HODL Bitcoin ETF, enhancing security with Coinbase’s cold storage. VanEck also filed for a Solana ETF, aiming for the first U.S. launch. #Crypto
Michael Dell (@MichaelDell) ran a poll on X, with 45% of 47,513 votes for Bitcoin. Dell Technologies previously adopted Bitcoin in 2014 but stopped in 2017. Recent actions hint at renewed interest, fueling crypto community optimism. #Bitcoin #Update
Bitcoin miners are cutting investments after hash price hit an all-time low post-halving. Exploring other PoW cryptos for stability, miners show adaptability. $BTC finds support at $58K-$60K; potential downside to $50K could attract institutional interest. #Update
Bitcoin dips below $60,000, but U.S. Spot Bitcoin ETFs see a 4-day positive streak. @BlackRock’s $82.4M influx into its IBIT ETF drives investor optimism despite a volatile market. #Update #Bitcoin #ETFs
Billionaire @peterthiel still holds Bitcoin ($BTC) but doubts its price will rise “dramatically.” His Founders Fund invested $200M in $BTC and $ETH earlier this year. Bitcoin now trades around $60,800, up 100% in a year. #Update
Bitcoin surged to $62,000 after the first U.S. presidential debate, despite no mention of crypto. Biden’s performance raised doubts, potentially boosting Trump. Kraken’s Jesse Powell donated $1M in Ether to Trump’s campaign. #Bitcoin #Debate2024 #Update
? On June 28, the U.S. government transferred 11.84 BTC (~$726K) from a seized wallet. This follows a larger 4,000 BTC transfer to Coinbase Prime, raising selloff fears. CEO Ki Young Ju reassures minimal market disruption. #Bitcoin #Update
The Fed’s PCE index cooled to 2.6%, the slowest pace since March 2021, sparking crypto market recovery. The CME FedWatch Tool hints at a potential rate cut. Bitcoin, $ETH, and $SOL show signs of recovery. #Update
BlackRock reveals a 43,000-share Bitcoin ETF investment, underscoring traditional finance’s growing interest in digital currencies. This strategic move by BlackRock, managing $17.8B in assets, aligns with investments by @Chase and @MorganStanley. #Bitcoin #Update
Bitdeer, founded by Jihan Wu, secures a 30-year lease for 570 MW power at Hannibal Industrial Park, Ohio. Initial 266 MW available by Q3 2025. Deal follows Tether’s $150M share purchase to expand data centers. #Bitcoin #Update
Bitcoin whale moves 1000 BTC to @CoinbasePrime after 6 years of dormancy. Acquired in 2018 for ~$7000, now worth ~$61.7M. This continues the trend of dormant addresses reactivating, impacting $BTC’s market dynamics. #CryptoNews
Valour, a subsidiary of DeFi Technologies, launched the first Core DAO ETP on the Swiss Spotlight Stock Exchange, integrating proof-of-work and delegated proof-of-stake. This milestone allows traditional finance to access the native CORE token. #Update
