BTC’s price dropped to less than $61,000 on Wednesday, erasing its getting from the past few days. It shortly rallied to above $63,000. The sudden drop is mainly associated with the fears of Mt. Gox repayments, beginning this month and can occur anytime now. QCP Capital, a Singapore-based trading firm, explained, “The Mt Gox release is also slated to happen this week.” It spoke about how not knowing the exact repayment dates can hold BTC’s price down. “This overhang of up to 140,000 BTC...
Read More »Bitcoin ETFs Attract $129.45 Million in Inflows
After a grueling few weeks of BTC ETFs experiencing declining inflows and massive outflows, they attracted $129.45 million on July 1. That is after these ETFs recorded over $1 billion in outflows within a single week in June. And that happened twice. Unlike those spells, BTC ETFs observed a five-day consecutive spell of net inflows, with July 1 taking it into the hundreds of millions, marking the highest inflows since June 7. Simultaneously, bitcoin prices rallied to over $63,000, which it...
Read More »Kraken May Turn to Nuclear Energy as a Source for Its Power Requirements
Crypto exchange Kraken is exploring utilizing nuclear energy to tap into a constant stream of power to keep its operations up. As the power consumption of AI companies increase, Kraken feels it is best to explore alternate sources to cover periods of power scarcity. It plans on partnering with those operating small modular reactors rather than building and utilizing its own. Since Kraken operates 24/7 globally, dealing with some of the largest volumes of crypto a Centralized Finance (CeFi)...
Read More »Orbs Liquidity Hub Bags Strategic Integration with Fenix Finance
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Read More »Bitcoin Falls Below 200-Day Simple Moving Average to $57K
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Read More »MANTRA and RCO Finance (RCOF) Target 3,600% Bull Run as Tokenization Narrative Gains Strength
As the world of cryptocurrency continues to evolve, MANTRA DAO (OM) and RCO Finance (RCOF) are two platforms making significant strides in the market. Both projects leverage tokenization and decentralized finance (DeFi) to create new investment opportunities. This article explores their impressive growth, unique features, and the potential for massive returns as they target a 3,600% bull run. MANTRA OM Token Has Gained 3200% in a Year as the Asset Tokenization Space Grows Over the...
Read More »Aptos Labs Launches Aptos Connect: Revolutionary Web3 Onboarding Tool
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Read More »Bitcoin Whale Stirs after 12 Years, Raises Questions about Surging Whale Activity
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Read More »Bybit Enters Switzerland’s Crypto Market via Dual Sponsorship amid MiCA Regulation Implementation
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Read More »Are Bitcoin Miners Capitulating Amid the Drop Below $60K?
The Bitcoin network is showing some signs of miner capitulation. This stage is marked by miners ceasing operations or selling part of Bitcoin reserves. Interestingly, this process has been historically linked to a bottoming of Bitcoin prices, following which the asset is expected to resume a much-needed uptrend. Signs of Bitcoin Miner Capitulation Since the recent halving, the network hash rate has dropped by 7.7% from its peak on April 27. According to the latest report...
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