Analysis of Bitcoin Price Movement Bitcoin traders are closely monitoring the recent price action of BTC as it reaches a 10-day high of $60.4K. Here are some key points to consider: Bitcoin bulls might catch late sellers below important bullish trendlines as the weekend gains exceed 5%. Traders are looking for a strong rally confirmation […]
Analysis of Recent Bitcoin Developments The German government recently announced that it has completely divested itself of Bitcoin holdings. While some believe this could lead to a positive trend reversal in Bitcoin price, it may be premature to make such assumptions at this time. On July 12, reports surfaced indicating that the German government’s Bitcoin […]
Top Stories This Week VanEck and 21Shares send amended Ether ETF filings to SEC – Asset managers VanEck and 21Shares amended their S-1 forms for their prospective Ether exchange-traded funds (ETFs) with the US Securities and Exchange Commission on July 8. While a specific launch date was not given in either of the amended filings, […]
Bitcoin Price Surge Explanation Bitcoin’s recent rise is attributed to two main factors: The German government running out of BTC to sell A weakening US dollar Bitcoin has seen a 1.70% increase, reaching approximately $58,885. The German government has sold off most of its 70,000 BTC holdings, with only 9,100 BTC remaining. This selloff amounted […]
Nigerian SEC urged to classify Bitcoin, Ether as commodities By treating Bitcoin and Ether as commodities, Nigerian regulators can establish a more tailored regulatory framework that reflects the unique characteristics of these digital assets. In light of a recent court ruling in Illinois that classified Bitcoin and Ether as commodities, Nigerian stakeholders are urging the […]
Price Analysis 7/12: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Retail and institutional traders have been buying Bitcoin on the dips, and the early-stage recovery in select altcoins suggests that the crypto market is in a bottoming stage. Bitcoin (BTC) bounced off the $56,500 support on July 12, indicating demand at lower […]
Bitcoin bottom signal? German gov’t runs out of BTC to sell Bitcoin price could be on track to begin the reaccumulation phase as the German government is down to its last few thousand BTC. Bitcoin price may have seen the local bottom as the German government is running out of Bitcoin to sell. Technical indicators […]
Key BTC price levels emerge as Bitcoin hits $58K on ‘sticky’ US PPI Bitcoin edges higher while the US dollar flags on the latest PPI inflation data, but BTC price strength has yet to convince analysts. Bitcoin tagged $58,000 around the July 12 Wall Street open as markets reacted to “sticky” United States inflation data. […]
Bitcoin Institutional Investors Add 100K BTC in a Week BTC price action may be flagging, but large-volume Bitcoin investors are buying, not capitulating, data shows. Bitcoin institutional investors are “buying the dip” while BTC price action circles multi-month lows, analysis says. In one of its Quicktake blog posts on July 11, on-chain analytics platform CryptoQuant […]
German Government Bitcoin Sales Update The German government has sold 88.4% of its original 50,000 BTC holdings, leaving only 5,800 Bitcoin in its wallet. Recent Bitcoin Transfers 3,200 BTC transferred across various platforms Bitstamp, Kraken, and Coinbase received 400 BTC each 1,000 BTC and 500 BTC sent to two unknown addresses Crypto analyst Michaël van […]
