Month: June 2024

German Gov’t Sells Amother $67 M In Bitcoin Amid Market Woes

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In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off Arkham Intel’s data shows that four of them are internal transfers while five transactions were direct transfers to crypto exchanges and market makers, suggesting an intent to sell. The five potential sales amount to 1,095.339…

US Spot Bitcoin ETFs Break Outflow Trend With $30M in Inflows 

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On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) reversed their continuous outflow trend, attracting $31.01 million in net inflows. Leading the charge, Fidelity’s FBTC garnered $49 million, while Grayscale’s Bitcoin Trust (GBTC) experienced approximately $30 million in outflows. U.S. Spot Bitcoin ETFs Rebound On Tuesday, spot bitcoin ETFs in the U.S. reversed a week-long trend […] Original

Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?

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Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading.  Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a note to investors that the Spot Ethereum ETFs could record $15 billion in net inflows in their first 18 months of trading. He elaborated on how he arrived at these figures to show that it wasn’t just a…

US Dollar Retains Global Dominance Despite BRICS Efforts, Reveals Atlantic Council Report

Despite concerted efforts by the BRICS nations to decrease global dependence on the U.S. dollar, the fiat currency remains the dominant force in the world economy, a new study from the Atlantic Council’s Geoeconomics Center finds. The report underscores the challenges of de-dollarization amidst geopolitical tensions. U.S. Dollar Holds Firm as Global Reserve Leader The […] Source CryptoX Portal

Can Terra Classic Rise From The Ashes? 1,500% Increase Seen

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Terra Classic (LUNC), the phoenix attempting to rise from the ashes of the infamous TerraUSD crash, is once again capturing investor attention. Coincodex analysts predict a modest 10.7% price increase by July 25th, while renowned crypto analyst Javon Marks throws a much bolder 1,500% surge into the ring. So, is LUNC poised for a bullish breakout, or is this just another mirage in the volatile crypto desert? Related Reading A Token Reborn: LUNC Capitalizes On Market Volatility LUNC, once the backbone of the collapsed TerraUSD (USTC) stablecoin ecosystem, has defied…

Bitcoin Technical Analysis: Inverse Head and Shoulders Pattern Suggests Bullish Reversal

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On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 […] Original