Bitcoin price retreat sparks bullish optimism! Analysts predict a surge to $88K by mid-2023 based on historical trends and institutional confidence. Notable flag pattern and $BTC trading at $61,254 suggest potential for growth. #CryptoNews #Update
The German Federal Criminal Police Office (@bka) transferred 900 Bitcoin, worth $54.4M, to Kraken, @coinbase, and an untagged address. Germany’s BTC reserves now stand at 46,359 BTC, valued at $2.8B. Speculations arise about asset diversification. #Crypto
Bernstein analysts predict lower demand for Ethereum-ETFs compared to Bitcoin-ETFs due to the lack of staking features. Regulatory improvements post-2024 U.S. elections and increased institutional adoption could drive the cryptocurrency ETF market to $450B. #Update #Crypto $ETH $BTC
Strike launches in the U.K., offering seamless Bitcoin transactions with free deposits, easy buying/selling, and direct bank withdrawals. This move could boost Bitcoin adoption and inspire more financial institutions to explore $BTC solutions. #Update #Bitcoin
North Korean hackers Lazarus Group likely behind a $4.3M attack on Bitcoin-focused defi platform ALEX Lab in May. ALEX Lab works with international law enforcement to recover funds and boost security. #CryptoSecurity #Update
Metaplanet opens a subsidiary in the British Virgin Islands to boost its Bitcoin strategy, leveraging favorable regulations. With an additional 1B yen allocated, its BTC holdings are set to exceed 200 BTC, valued at $15M. #Bitcoin #Update
Spot Bitcoin ETFs in the U.S. face a third week of outflows, with Grayscale leading at $90.4M as BTC dips below $60,000. June 24 marked a $174.5M outflow, reflecting bearish trends. #Bitcoin #Update
Bitcoin ETFs in the US have faced $174.5B in outflows over 7 days, with Grayscale’s $GBTC leading with $90.4M. Institutional interest wanes amid market uncertainty, contrasting with Nasdaq’s 20% YTD gain. #Update #Bitcoin @Grayscale @Fidelity
Bitcoin’s price is influenced by fiat currencies, stablecoins, and spot-based ETFs, says @ki_young_ju of @cryptoquant_com. Negative Coinbase premium reflects weak fiat inflows. Bitcoin’s RSI shows it’s oversold, hinting at a potential rebound. #Update #Bitcoin
? Former President Trump is set to speak at Bitcoin 2024 in Nashville, aiming to gain crypto community support ahead of the 2024 election. His recent actions include meeting with Bitcoin miners and securing $2M from the Winklevoss twins. #Bitcoin2024
Riot Platforms withdraws its $2.30/share bid for Bitfarms ($BITF), now seeking three board seats to facilitate acquisition talks. Riot, owning nearly 15% of Bitfarms, calls for a shareholder vote to remove current board members. $RIOT #Update
Anthony Pompliano discussed Bitcoin’s 15% pullback, noting it’s up 40% YTD and 100% over the past year. He highlighted AI’s role in enhancing asset management and Bitcoin as a store of value. #Update #Bitcoin #AI #Crypto
Louisiana’s House Bill 488, signed by Gov. Jeff Landry, protects bitcoin users, supports mining in industrial zones, bans CBDCs, and promotes economic growth. Led by @RepMarkWright & @SenCoussan, the law aims to attract investment and boost innovation. #CryptoNews
Bitcoin faces heavy selling pressure, dropping over 15% since peaking at $72,000. Analysts like @rektfencer predict a rebound, citing post-halving consolidation and potential catalysts like the US election. Altcoins $ETH and $SOL could also gain. #Update
