75201
• Chart • News • Fundamentals • Anything on #Crypto and on its adoption🌎 VIP & Advertising @Jeffross
🪙 Vertex CEO says altcoins could benefit from spot Ethereum ETFs going live
The anticipated launch of Ethereum spot exchange-traded fund (ETF) trading on Tuesday may not been priced in, and the market could be caught off guard by an upward price swing by ether, an analyst said. "Given the turmoil and lack of clarity around the launch of spot Ethereum exchange-traded funds, it feels like the market is not fully pricing in the impact of ETFs and that we could easily see gains of 25% plus," Darius Tabai, CEO of orderbook DEX Vertex Protocol and former Merrill Lynch & Credit Suisse trader, told The Block.
Source
/channel/Bitcoin_Crypto_Signals
💰 Mark Cuban says Bitcoin ‘will be way higher’ than expectations, addresses Trump’s rising support
Mark Cuban, billionaire entrepreneur and owner of the Dallas Mavericks, believes Bitcoin (BTC) prices “will be way higher” than people think, primarily driven by its growing role as a “safe haven” asset for the world and limited supply. Cuban made the prediction in a July 17 social media post, where he also shared his thoughts on Silicon Valley’s growing support for former President Donald Trump and its connection to Bitcoin.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak
Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for cumulative total net inflows: $15.81 billion, according to SoSoValue data. The funds have added over $1 billion in assets under management since the beginning of the six-day streak. Friday, the latest trading day, was also the most successful day for net inflows since June 5, with spot bitcoin ETFs logging $310 million in net inflows.
Source
/channel/Bitcoin_Crypto_Signals
💰 Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023
Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to €249.5 million in the previous year. The company’s adjusted EBITDA stood at negative -€5.5 million, aligning with market expectations, following substantial investments in HPC applications and infrastructure.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin mining touted as solution for UK’s renewable energy goals
Bitcoin Policy UK, a crypto advocacy group in the United Kingdom, has urged the new administration to consider Bitcoin mining to bolster the country’s renewable energy grid. Bitcoin mining involves creating new bitcoins by solving complex math problems that verify transactions. A KPMG report stated that Bitcoin mining helps to stabilize power grids and utilizes underused renewable energy sources.
Source
/channel/Bitcoin_Crypto_Signals
🚀 Exciting News! 🚀
Hey everyone! 🌟 Ready to get your hands on a FREE Airdrop? 🤑 Click on the link below to join the fun!
🔗 Join the Bot
Rumor has it that this amazing opportunity is brought to you by the same team behind NotCoin! 🌐✨ Don't miss out on this chance to start the bot and claim your free airdrop. 🎉
Hurry up, you don't want to be the only one missing out! 🚀💰
👉 Start Now
#Airdrop #Crypto #Freebies #JoinNow
💰 Donald Trump to speak at Bitcoin 2024 conference in Nashville later this month: organizer
Former U.S. President Donald Trump was announced as one of the speakers at the Bitcoin 2024 conference in Nashville, Tennessee. The event, which is one of the world's largest bitcoin conferences, takes place from July 25 to 27. Over the past few months, the presumptive Republican Party presidential nominee has expressed strong support for the cryptocurrency and blockchain industry.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitfinex says bitcoin prices may have bottomed and are beginning to stabilize
Derivatives market indicators suggest that bitcoin prices are stabilizing after the heightened price fluctuations of the past seven days, analysts said. Last Wednesday, bitcoin prices dropped below their 120-day range, reaching a local low of $53,219, as the market reacted to fears of selling by both the German government and Mt. Gox creditors. Since then, the largest digital asset by market capitalization has climbed back above the $57,000 mark, but not without a spike in daily price volatility.
Source
/channel/Bitcoin_Crypto_Signals
🚨 Peter Schiff: Bitcoin Bear Market Has Much Further to Go, Ether to Crash to $1,500
Economist and gold advocate Peter Schiff warns of a continued bitcoin decline, stating that “this bear market is a long way from over.” He predicts significant price falls for both bitcoin and ethereum, suggesting a potential crash if critical support levels fail. “It’s a long way down,” he said. Regarding ether, Schiff predicted: “I think a crash down to $1,500 is coming.”
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitfinex says bitcoin faces low liquidity as institutional participation wanes during summer
Fewer institutional participants are actively trading in the market due to summer vacations, leading to lower liquidity, according to Bitfinex. Bitcoin sell pressure has been exacerbated by fund managers being away on vacation for the for the summer, making the market very illiquid," Bitfinex analysts told The Block. The analysts added that data shows profit taking is continuing from the long-term bitcoin holder cohort. "Even those who have held bitcoin for a period of 3-4 years, we see long-term holder cohorts continuing to remain risk-off for now and exiting spot positions.
Source
/channel/Bitcoin_Crypto_Signals
💰 Justin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism
Justin Sun claims to be interested in buying the German government’s extensive Bitcoin stash, estimated to be valued at $2.3 billion. Last month, the government began divesting some of these assets via centralized exchanges like Coinbase, Bitstamp, and Kraken. As of press time, it had sold the Bitcoin to a balance of 40,359 BTC, worth $2.3 billion, according to the Arkham Intelligence dashboard.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitfarms reports 21% increase in Bitcoin production amid upgrades and takeover drama
Bitcoin miner Bitfarms reported an increase in Bitcoin production for June following an overall capacity upgrade. According to its latest monthly production report, Bitfarms’s BTC production rose 21% month-on-month to 189 BTC in June, up from the 156 BTC it produced in May. The miner stated that its production was impacted by the curtailment in Argentina and the downtime associated with upgrading its miners in Quebec. However, this was partially offset by a 0.8% decrease in network difficulty compared to May.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin experiences heightened volatility in EU trading hours post-April halving
Bitcoin’s month-over-month price change in the EU region shows significant fluctuations over recent months. Analyzing the first half of 2024, the data reveals a marked increase in volatility post-halving in April. From early January to mid-March, Bitcoin’s price during EU trading hours was in a noticeable uptrend, with several periods of positive momentum. However, following the halving event, the trend shifted dramatically.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin’s price won’t ‘dramatically’ increase from here, says billionaire
Former PayPal CEO Peter Thiel has raised doubts that Bitcoin’s future price can increase “dramatically” from current price levels. The billionaire — who still owns “some” Bitcoin but not as much as he “should have” — isn’t sure where the next batch of buyers will come from now that Bitcoin has had its “ETF edition.” “I'm not sure it's going to go up that dramatically from here. We got the ETF edition and I don't know who else buys it,” Thiel, a founder at the Founders Fund told CNBC on June 28.
Source
/channel/Bitcoin_Crypto_Signals
💰 Exchange Bitcoin balances rise by $4.1 billion in last 30 days
Bitcoin, currently valued at $64,900, has experienced significant movements in exchange balances over recent months, surging by 64,000 BTC, roughly $4.1 billion, in the last 30 days, according to Glassnode data. This follows a period of marked decline in exchange-held Bitcoin that began in early 2024 after the launch of the spot Bitcoin ETFs in the US and intensified post-halving in April 2024.
Source
/channel/Bitcoin_Crypto_Signals
💰 US spot bitcoin ETFs see $300 million inflows on seventh consecutive day of positive flows
The 11 spot bitcoin exchange-traded funds in the U.S. reported a daily net inflow of $301 million, extending its positive streak to a seventh consecutive day. BlackRock’s IBIT, the biggest spot bitcoin ETF by net asset value, recorded the largest net inflows of the day with $117.25 million, according to SoSoValue data. The fund was also the most traded bitcoin ETF on Monday, with a volume of $1.24 billion. Ark Invest and 21Shares’ ARKB closely followed with net inflows of $117.19 million.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin futures volume peaks in March, declines in sync with price drop
Bitcoin futures volume on major exchanges shows varied trends throughout 2024. The Glassnode charts illustrate a significant shift in futures trading activity. From the start of the year, the volume fluctuated, peaking in early March with almost 1.2 million BTC traded daily. This peak coincided with Bitcoin’s price reaching over $70,000, suggesting a strong correlation between trading volume and price movements at the time.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report
According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023, the country lost around RM3.4 billion ($723 million) due to unauthorized electricity supplies for crypto mining.
Source
/channel/Bitcoin_Crypto_Signals
🇩🇪 German Government Is Now out of 💰 Bitcoin, Arkham Data Shows
The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services.
Source
/channel/Bitcoin_Crypto_Signals
🏦 Coinbase Launches New Wallet Web App to Streamline Onchain Activity
San Francisco crypto firm Coinbase has introduced a new web application for its wallet, designed to provide users with a unified platform for managing onchain assets. The application aims to simplify the experience for users by offering a comprehensive view of their crypto holdings across various wallets and chains.
Source
/channel/Bitcoin_Crypto_Signals
🪙 Ethereum braces for spot ETF boost as 40% of supply remains locked
Approximately 40% of Ethereum supply is locked as the market anticipates the final approval for ETH spot-based exchange-traded funds (ETFs). A breakdown of this “locked supply” shows that over 33 million ETH is staked on the network, representing around 28% of Ethereum’s total supply, according to Dune Analytics data.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin sees surge in new addresses as its price drops
Despite the market downturn, the number of new addresses on the Bitcoin network has reached a two-month high, with the seven-day moving average (7DMA) recording over 317,000 new addresses on Friday, July 5. This increase is particularly noteworthy given that price has fallen by over 10% during the same period. To put this in perspective, the beginning of last week saw the 7DMA at just 263,000 new addresses. This marks a substantial 20% week-on-week increase.
Source
/channel/Bitcoin_Crypto_Signals
💰 Metaplanet Announces Bitcoin Purchases Totaling Nearly $2.5 Million
Metaplanet, a Tokyo-listed public company, has disclosed it has completed bitcoin purchases amounting to 400 million yen (almost $2.5 million). The company, which vowed to use bitcoin as a strategic reserve asset to navigate the uncertainties of the Japanese economy and the devaluation of the yen, acquired 42.466 bitcoin at an aggregate price of $58,600 per bitcoin.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin Exchange Hack Leads Surging Tally of Crypto Stolen in 2024: TRM Labs
Hackers stole more than twice as much cryptocurrency in the first half of 2024—based on the U.S. dollar value of the coins—compared to the first six months of 2023, according to a recent report by blockchain intelligence firm TRM Labs. Crypto thefts totaled $1.38 billion up through June 24 of this year, more than double the $657 million stolen as of the same time in 2023. Total crypto thefts thus far in 2024 have already nearly reached the $1.7 billion in value stolen across all of last year, per TRM data.
Source
/channel/Bitcoin_Crypto_Signals
💰 Mt. Gox moves $2.7B in Bitcoin to new wallet address
The collapsed Japanese crypto exchange Mt. Gox has transferred 47,229 Bitcoin (BTC) — worth $2.71 billion at current prices — to a new wallet address in its first major transaction since May. According to blockchain analytics platform Arkham Intelligence, the exchange transferred the Bitcoin at 12:30 am UTC on July 5 out from “cold storage."
Source
/channel/Bitcoin_Crypto_Signals
🇩🇪 German government sends another $17.6 million in 💰 bitcoin to Coinbase, Bitstamp and Kraken: Arkham
Bitcoin addresses labeled as belonging to German authorities appeared to send another 282.74 ($17.6 million) to Coinbase, Bitstamp and Kraken on Tuesday morning — indicating a potential intention to sell the assets — according to on-chain analytics provider Arkham. The German government-labeled addresses began sending bitcoin to crypto exchanges last month following the seizure of 50,000 BTC from the film-piracy site Movie2k in January.
Source
/channel/Bitcoin_Crypto_Signals
💰 Bitcoin set for ‘bullish July’ after June slump, analysts predict
Several market analysts expect Bitcoin to rebound strongly in July after declining by around 7% in June. Last month, BTC faced heavy selling pressure from capitulating Bitcoin miners, who offloaded around $2 billion worth of their holdings due to falling revenue. The consistent selling activities of governments, including those of the United States and Germany, created additional selling pressure.
Source
/channel/Bitcoin_Crypto_Signals
💰 Central Bank of Bolivia Unbans Bitcoin From the Nation's Financial Ecosystem
The Central Bank of Bolivia has lifted a blanket ban on using bitcoin and other cryptocurrencies in the national financial system, opening the doors for integrating exchanges and other crypto service providers into its economy. The institution derogated a 2020 resolution prohibiting financial institutions from facilitating crypto-related payments.
Source
/channel/Bitcoin_Crypto_Signals
🌟 Join the #1 Crypto News Channel on Telegram: Cryptocurrency ↪ Inside! 🌟
Stay ahead with:
- 📰 Real-Time Updates: Get the latest news instantly.
- 🔗 In-Depth Analytics: Powerful blockchain insights.
- 📅 Market Trends: Expert analysis and forecasts.
Join our vibrant community and stay updated with our active Twitter feed. The only news source you need!
🔗 Join now: @Cryptocurrency_Inside
#advertising