The beginning of July has not been as bullish for the Bitcoin and crypto market as many had expected. Despite anticipation for the debut of Spot Ethereum ETFs on July 2nd, the market faced some unexpected hurdles. Reports emerged about the US and German governments selling large tranches of BTC, adding to the overall market
Bitcoin
Opeyemi is not your average writer. His passion for the cryptocurrency realm is evident in every piece he creates. What started as a casual interest has now turned into a full-blown obsession with unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Unlike many in the
Semilore Faleti is a cryptocurrency writer with a specialized focus on journalism and content creation. Starting out in various writing subjects, Semilore eventually discovered a passion for delving into the complexities and nuances of the blockchain and cryptocurrency world. His interest lies in the efficiency of digital assets for storing and transferring value, leading him
Recent fluctuations in the price of Bitcoin have brought to light the intense volatility that characterizes the cryptocurrency market. While the digital currency has managed to reclaim the $56,000 price level after a sudden drop below $54,000 on July 5, investors remain cautious. In the larger timeframe, Bitcoin has experienced a 7% decline in the
Recent on-chain data has revealed alarming activity from a dormant Bitcoin wallet that transferred over $6.8 million worth of Bitcoin after 12 years of inactivity. The sudden movement of funds, with a total of 119 BTC, has sparked concerns within the crypto community about a potential sell-off by a significant whale. The two separate transactions
The recent sharp decline in the price of Bitcoin can be attributed to several key factors. One of the significant reasons behind this downfall is the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution represents 0.68% of the total Bitcoin supply and is set to be distributed among the
Bitcoin (BTC) has recently undergone its ninth test of the $60,000 support level, sparking discussions among cryptocurrency analysts regarding the potential direction of the digital asset. Dana Crypto Trades, a prominent crypto analyst, highlighted the significance of this support region and its impact on Bitcoin’s trajectory in a recent social media post. Market Sentiment and
As the crypto market experiences fluctuations, experts like Michael van de Poppe and Mkybull Crypto have pointed out important indicators that could impact the future of Bitcoin prices. Van de Poppe highlighted the closure of the CME gap, suggesting that Bitcoin might experience a bounce from its current price level. Similarly, Mkybull Crypto confirmed the
The recent crypto market crash has sent shockwaves through the industry, causing a state of panic among traders. Bitcoin and altcoins have been hit hard, with the Bitcoin price plummeting and dragging down the entire market with it. Tens of thousands of traders have been forced to liquidate their positions, resulting in hundreds of millions
Crypto analyst Quinten François has made some bold predictions regarding Bitcoin’s future price trajectory, suggesting that the flagship cryptocurrency could potentially reach astronomical highs. He highlighted the significance of Bitcoin’s fourth halving, claiming that this event could signal the beginning of a major upward trend for BTC. According to Quinten, if Bitcoin were to follow