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Tag Archives: Bitcoin News

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...

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Historic Data Suggests July to be Bullish for Bitcoin

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...

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Bitcoin Whale Moved 1,000 Bitcoins to Coinbase

A Bitcoin whale deposited around $61 million worth of bitcoins to their Coinbase Pro account on Friday for liquidation, according to Arkham Intelligence. The wallet 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 moved close to 1,000 bitcoins that laid dormant for six years. A Bitcoin whale represents a wallet that holds no less than 1,000 bitcoins. Over the past few weeks, whales have liquidated large amounts of bitcoin to realize profits as the asset’s price has risen tremendously. On Thursday, a...

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