The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip. United States-based Spot Bitcoin exchange-traded funds (ETFs) experienced a surge in inflows on July 6, following Bitcoin’s price dropping below $54,000 just days earlier on July 4. According to Farside Investors, the spot Bitcoin ETFs saw their largest net inflows in a month,…
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The German government’s latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet. A crypto wallet linked to the German government transferred more than 3,000 Bitcoin worth over $172 million in parts to three crypto exchanges and a wallet. On July 4, blockchain investigator PeckShieldAlert…
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Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Bitcoin hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets. Bitcoin (BTC) plummeted at around 4:19 am UTC on…
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Capriole Investments founder Charles Edwards says that multiple onchain metrics point to a “sign of weakness” in the Bitcoin price. The Bitcoin price has fallen 2.25% over the last 24 hours and is currently 16% below its all-time high of $73,835, reached on March 14. BTC/USD daily chart. Source: TradingView The Bitcoin price is down 8.75% over the…
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Low exchange balances indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. The Bitcoin exchange reserve, the total amount of Bitcoin available on exchanges, has dropped to a 3-year low, according to data from June 19, 2024. Analytics from CryptoQuant revealed that there are currently 2,825,703 Bitcoin left…
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Bitcoin price above $72,000 would liquidate $800 million worth of leveraged shorts, making it a significant resistance level for BTC. If the price of Bitcoin reaches $72,000, it would act as a “fuse,” triggering the breakthrough of the $75,000 psychological barrier. Bitcoin hitting $72,000 would spark a wave of mass liquidations, paving the way to new…
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Bitcoin’s average price across 5-day, 30-day, and 50-day periods are almost the same, indicating low volatility and raising the chances of a price breakout in either direction. Bitcoin may soon find itself at a critical price crossroads as its average price across three different time frames has now fallen within a tight cluster — signaling a…
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Bitcoin market commentators are increasingly confident that BTC price action is building a breakout, which will make history. Bitcoin heads into June in fighting form as an early push puts key resistance back in play. Bitcoin price momentum is targeting $69,000 as TradFi markets return to the scene — will this week finally see a breakout? This…
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Ether started the year strongly but began tapering off in mid-March. However, the altcoin began picking up momentum in mid-May amid anticipation of the approval of spot Ether exchange-traded funds (ETFs) in the United States. Although ETH has trailed Bitcoin since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange…
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