TL;DR Bitcoin’s price briefly dropped below $54,000, triggering a market-wide correction, but increased interest in buying BTC suggests some view this as a “buy the dip” opportunity. Metrics like the Relative Strength Index (RSI) and the Fear and Greed Index indicate the asset is oversold and in fear territory, which might be interpreted as a potential signal for a rebound. A Buying Opportunity? Bitcoin (BTC) saw its price plunge by over 5% on July 5, sinking below the...
Read More »HODL Instead of Sell: German MP Criticizes Government’s Approach of Selling Bitcoin
German Member of Parliament and Bitcoin advocate Joana Cotar has called on the government to halt its rapid Bitcoin sell-offs. Cotar argued that it is neither “sensible” nor “productive” and believes that Bitcoin should be adopted as a strategic reserve currency to safeguard against economic instability. Joana Cotar Criticizes German Bitcoin Sell-Offs In a July 4 post on X, Cotar expressed her concerns about the government’s current strategy, stating, “Instead of holding...
Read More »Crypto Bloodbath: Bitcoin and Altcoins Plummet, Mt. Gox Starts Repayments, German Govt Contineus Selling: Weekly Crypto Recap
What a week it’s been… The cryptocurrency markets ultimately took a turn for the worse, but they haven’t been without their moments. The bottom line is that the total capitalization lost a whopping $200 billion, which is more or less 10% in the past seven days alone. This came on the back of considerable losses from Bitcoin, but especially from the altcoins. In fact, the BTC dominance – a metric that gauges its share relative to that of the rest of the market – is up by about...
Read More »Crypto Stocks Tumble in Premarket as Bitcoin Continues to Slide
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Read More »Bitcoin ETFs Can Trigger Large Liquidations Soon, Predicts Peter Schiff
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Read More »Bitcoin and Ether Options Expiry Looms, What’s Next for Crypto?
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Read More »More Details About the Mt. Gox Bitcoin Repayments: What’s Next?
The defunct cryptocurrency exchange Mt Gox has finally commenced creditor repayments ten years after filing for bankruptcy. According to an announcement from the Mt Gox Rehabilitation Trustee, the defunct estate distributed bitcoin (BTC) and Bitcoin Cash (BCH) payments to some creditors on July 5 through designated crypto exchanges linked with the repayment plan. Mt Gox Begins Repayments The Mt Gox trustee will continue repaying other creditors when certain conditions are...
Read More »The German Government and Bitcoin Saga Continues: Justin Sun Wants to Buy it All
Justin Sun is back with another ambitious proposition. The Tron Founder has now set his sights on the German government’s BTC stash, boldly offering to buy it all off-market to “minimize the impact on the market.” It all started with the German government-labeled wallet’s suspicious transfer of 6,500 BTC on June 19, worth more than $425 million, which sparked concerns among traders about potential market turbulence. The wallet in question is believed to be linked to funds...
Read More »Bitcoin Falls Below 200-Day Simple Moving Average to $57K
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Read More »Bitcoin Whale Stirs after 12 Years, Raises Questions about Surging Whale Activity
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