TL;DR Bitcoin’s price fluctuated between $54,000 and $60,000 in the last seven days, with predictions of a surge to $90,000-$100,000 based on factors like Ethereum ETFs launch and Germany’s BTC sales. However, some analysts warn of potential price drops due to various factors. What’s Next for BTC? The primary cryptocurrency experienced enhanced volatility in the past week, with its price ranging from $54,000 to almost $60,000. Currently, it trades at around $58,000 (per...
Read More »Ripple (XRP) Explodes 10% Daily, Bitcoin (BTC) Reclaims $58K (Weekend Watch)
Bitcoin’s price headed south on Friday evening as it popped above $58,000 and has remained there since. The altcoins have also turned green, with XRP, ADA, DOT, BCH, and NEAR leading the pack from the larger caps. BTC Reclaims $58K The primary cryptocurrency had a violent end to the previous business week as it dumped hard on July 5 from over $58,500 to a multi-month low of under $54,000. The bulls intercepted the move during the weekend and drove BTC to $58,500 once again....
Read More »KuCoin: Die Krypto-Börse für vielfältige Handelsmöglichkeiten
Viele Bitcoin-Broker behalten die Gebühren für sich. Binance und KuCoin hingegen haben beide Programme ins Leben gerufen, welche den Kunden am Erfolg mitverdienen lassen. In der sich ständig weiterentwickelnden Welt der Kryptowährungen ist KuCoin eine Börse, die sich durch ihr umfangreiches Angebot an digitalen Vermögenswerten auszeichnet. Mit einer breiten Palette an handelbaren Coins und Token eröffnet KuCoin sowohl erfahrenen Tradern als auch Neueinsteigern vielfältige...
Read More »It’s Over: The German Government Has Run Out Of Bitcoin
Germany’s on-chain Bitcoin wallet balance has officially reached zero, according to Arkham Intelligence, meaning sell pressure from the European economic powerhouse is likely at or near its end. The wallet’s latest outflows bring an end to a bearish narrative that’s hung over the crypto market for weeks, at a time when on-chain indicators are signaling that a local bottom is near. Germany’s Last Bitcoin Sale As of late Thursday, Arkham said that the government had just 4925...
Read More »Reversal Ahead? Institutions Are Buying The Bitcoin Dip In Droves
Bitcoin’s correction this month may be short-lived as institutions appear to have taken the drawdown as a juicy buying opportunity, according to on-chain data. The findings arise alongside other blockchain-based signals suggesting that Bitcoin’s price is at an appetizing entry point. Institutions Just Bought The Dip As shared by market intelligence platform CryptoQuant on Thursday, “institutions” – loosely defined as Bitcoin wallets holding between 1000 BTC and 10,000 BTC –...
Read More »IREN Shares Plunge 24% on Nasdaq Following ‘Wildly Overvalued’ Criticism
Shares of Bitcoin mining company IREN, formerly known as Iris Energy, tumbled by 24% on the Nasdaq following a report from short-seller firm Culper Research. The paper, released on July 11, labeled the company as “wildly overvalued” and suggested its stock should be valued 52-79% lower than its current market price. HPC Plans and Underinvesting Following the report, according to Google Finance data, IREN’s shares fell 24.5% to $10.36 before partially recovering to $11.20 by...
Read More »Bitcoin En Route to $60K Recovery, XRP Leads Altcoin Push, Germany Sells Out: This Week’s Market Recap
The cryptocurrency market has gone through a considerable rollercoaster in the past seven days, with the price action being as volatile as it can get. At the time of this writing, the total capitalization settled at around $2.5 trillion, up 3.5% during that period. Bitcoin wasted no time and, on July 7th, pushed above $58K for the first time this week. The bears intercepted the move immediately and, on the following day, pushed it back below $55K, where buyers found a quick...
Read More »Solana (SOL) Tanks Nearly 6% Despite Meme Coin Resurgence
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Read More »Fed Rate Cuts This Year Might Disappoint Bitcoin Bulls, Analysts Warn
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Read More »Bitcoin Miner Northern Data Forecasts 3x Revenue in 2024 despite Falling BTC Rewards
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