Tag Archives: Bitcoin News

BTC’s price plunged to prices unrecorded since May, falling below $57,000 on July 4 to go as low as $55,300. That movement caused over $193 million in leveraged BTC contracts to get liquidated in the past 24 hours, CoinGlass data revealed. Out of that, $154 million in longs, or contracts betting on BTC’s upward price movements, and $39.06 million in shorts, contracts betting on the asset’s downtrends, were liquidated. The liquidations occurred due to BTC prices dropping close to the $55,000...

Bitcoin’s price hit new lows, dipping to below $57,000 on Thursday—a price point not witnessed since May when the asset was climbing to achieve highs it had not recorded before. This plunge was aroused by defunct crypto exchange Mt. Gox conducting trial transactions from its wallet and the German Federal Criminal Police Office (BKA) transacting $175 million. Mt. Gox will pay its creditors this month. They lost their bitcoin holdings because of the hack that plundered it, resulting in it...

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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...

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...

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

History repeats itself, and this time around, that is great news for bitcoin holders. Over the past six years, bitcoin prices have rallied by about 7% in July. That could help the asset recover from the losses it witnessed in June, which also was around 7%. The first few days of July have already been good for the largest cryptocurrency, pushing above $63,000 on the first and second days of the month. Bitcoin looked like it would remain below the $60,000 mark in the last week of June, but...