The German government’s recent move to sell off substantial Bitcoin holdings has made big waves in the cryptocurrency market. According to Arkham Intelligence data, approximately 8,853 Bitcoins were transferred out of government wallets today, reducing their total holdings to 15,110 Bitcoins valued at $887 million. This follows a series of
Despite the German government and Mt. Gox selling pressures, the global crypto market displayed a notable rebound, driven by Bitcoin’s (BTC) recovery on July 10. This upward movement comes in the wake of recent market turbulence, as Bitcoin climbed nearly 4.20% to approach the $59,500 zone. At the time of
The US Spot Bitcoin ETFs witnessed another consecutive day of inflows in the last 24 hours. While the past week witnessed an eventful crypto market crash, Investors after a brief FUD stepped up to take advantage of the price dip. Thus, despite the increasing liquidations, investments also soared in the
The potent bulls struggle to hold their ground as bears dominate the crypto market currently. Bitcoin (BTC) witnessed a minor spike of 1%, struggling to move higher. BTC price has fluctuated within the $53,000–$70,000 range, as the asset has faced multiple resistance-support levels over the past month. Amidst the ongoing
Amid a faltering cryptocurrency market, spot Bitcoin exchange-traded funds (ETFs) based in the US had their largest day of net inflows in over a month. Net inflows for the 11 ETFs totaled $295 million as of July 8. The net inflows across all funds have been positive for the first
Bitfarms, a Bitcoin mining firm based in Canada, has named Ben Gagnon as its new chief executive officer (CEO) amidst ongoing rivalry with Riot Platforms, Ltd. Given Bitfarms’ present struggle for power with Riot Platforms, this leadership transition is very crucial. Starting today, Ben Gagnon, who had previously been Bitfarms’
Publicly traded companies in Japan are steadily increasing their Bitcoin holdings each week. Metaplanet bought 42.47 Bitcoins worth approx 2.42 million USD, to take advantage of the current Bitcoin price drop. Coincidentally, the purchase of Bitcoin occurred earlier today, just as its price plummeted below $54,500. At the time of
Amid a challenging bearish market, Ethereum has recently approached a four-month low, dropping from $3,043.58 to $2,826.48 over the past 24 hours. However, there is a tentative recovery with a modest 2% increase noted at the time of writing. One of the most notable developments amid this volatility has been
Bitcoin (BTC), the largest cryptocurrency by market cap, has continued to display its dismal price trends ever since the start of July. Following BTC’s price dip, the global crypto market shed over a hundred billion dollars, returning it to $2.05 trillion. Notably, over the last 24 hours, Bitcoin formed a
Another contentious examination of Bitcoin (BTC) including the Exchange-traded Fund (ETF) has been produced by economist and proponent of gold, Peter Schiff. Schiff drew attention to the present trends in trading and the influx of Bitcoin ETFs. Stating that the “smart money” sells BTC on the spot market. Conversely, individuals
