NEW: 🇩🇪 Bitcoin continues to flow out of German government wallets, even on weekends 👀
They did not buy back Bitcoin yesterday; instead, not all their sell orders were filled, so the unsold Bitcoin was returned to their account.
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🐳 🐳 A dormant wallet just woke up after 10.6 years and moved 1,004 $BTC 💰 ($57M) to a new wallet.
This wallet received its $BTC in 2013 and 2014 at an average price of only $731.
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BREAKING: 🆘🪙 Mt Gox moves 47,228 BTC ($2.71 billion dollars) from cold storage to a new wallet.
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JUST IN: 💰 $BTC falls 4.2% amid potential Mt. Gox repayments. Will the $60K support hold or break?
The defunct crypto exchange may have started repaying creditors, based on a Bitcoin transfer volume chart for tokens last moved during the past seven to 10 years.
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🥇 Michael Dell is worth over $100 billion and Fox Business just told the world he’s focused on Bitcoin
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🇨🇷 Bitcoin is now accepted in over 380 businesses in Costa Rica
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🔵 Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs
Professional investors withdrew over $120 million from ether (ETH)-tracked exchange-traded products in the past two weeks, crypto firm CoinShares said in a Monday report. Such products recorded $60 million in net outflows each the past two weeks, the most since August 2022. Elsewhere, multiasset and bitcoin (BTC) ETPs recorded inflows at $18 million and $10 million, respectively, suggesting sentiment may be turning.
Source
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📉 JUST IN: NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
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💰 Bitcoin's Potential Rebound May Face Resistance at $65K, OnChain Analysis Shows
As bitcoin (BTC) looks to recover from the July loss, new challenges loom, with onchain data suggesting a potential resistance at $65,000. The leading cryptocurrency by market value traded nearly 1% higher at $63,200 as of writing, looking to regain some poise after ending June with a 7% loss. June's drop, which reversed May's upswing, mainly occurred due to miner selling and concerns that ETF inflows represent non-directional arbitrage bets instead of outright bullish bets.
Source
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💰 $224B has flowed into this market since 2023. Government-seized #BTC contributes about $9B to the realized cap.
It's only 4% of the total cumulative realized value since 2023.
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💰 While you are scared, someone just bought $184 million worth of #Bitcoin from Coinbase 🔥
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💰 The #Bitcoin halving being explained to students at Massachusetts Institute of Technology (MIT) 🧐
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🇩🇪 German government sell-off continues, pressures Bitcoin below $58,000, lowest since May
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JUST IN: 💰 The largest US Bitcoin miner Riot Platforms increased their hash rate 50% in just one month
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💰 ETF trading volumes on decline, failing to hit $3 billion since mid-May
On July 2, Bitcoin (BTC) exchange-traded funds (ETFs) experienced their first outflow of July, as reported by Farside. The day saw a $13.7 million outflow, breaking a five-day trading streak of consecutive inflows. Leading the day’s activity was Grayscale’s GBTC, which recorded a substantial $32.4 million outflow, bringing its total net outflow to a staggering $18.5 billion.
Source
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JUST IN: 🇨🇭 The City of Lugano, Switzerland launches "Plan ₿ Biz School" to teach student about Bitcoin
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JUST IN: 💰 Anthony Pompliano on Fox Business: The "majority of people who hold Bitcoin are not selling it when it goes down it price."
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🥷 NEW: Crypto hacks down by 54.2% in June, $176M lost in a month.
Despite a notable decrease in net losses from exploits in June, losses increased by 115% in the second quarter of 2024 compared with the same period in 2023.
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JUST IN: Roaring Kitty (Keith Gill) securities fraud GameStop lawsuit dismissed.
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