Day: July 3, 2024

These countries have Bitcoin worth billions… and are selling up

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The U.S. has a long history of selling Bitcoin — with incredibly bad timing. It might have ended up losing out on billions of dollars as a result. It’s weird to think that — until very recently anyway — the U.S. government owned more Bitcoin than MicroStrategy. According to Arkham Intelligence, a slew of confiscations after criminal crackdowns means Uncle Sam is now sitting on an impressive stockpile of 213,543 BTC… that’s more than 1% of the total supply. MicroStrategy, which began aggressively adding the world’s biggest cryptocurrency to its…

Will AVAX Break Out And Reach $65?

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Avalanche (AVAX), the smart contracts platform known for its fast transaction speeds, is stirring excitement in the crypto world. With a recent price dip seemingly nearing its end, analysts are eyeing a potential breakout that could propel AVAX to new highs. However, amidst the bullish whispers, experts advise a dose of cautious optimism before investors jump on the bandwagon. Related Reading A Consolidation Phase Hints At Breakout Potential The current price movement of AVAX has analysts glued to their charts. The coin is consolidating within a falling wedge pattern, a…

US Bitcoin ETFs Record Modest Losses With $13.62M Outflows on Tuesday

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U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale’s GBTC was the primary contributor, losing $31.38 million during the trading sessions. Blackrock’s IBIT Secures Top Spot With $14.12M Inflows Amidst ETF Outflows Following inflows on Monday, the 11 spot bitcoin ETFs saw a modest decrease the next […] Original

What Bitcoin and the American Dream Have in Common

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As for bitcoin, it is now being peddled, in a sanitized form, by the likes of BlackRock, the biggest, most mainstream financial firm in the world, through the U.S. spot ETF. Bitcoin, the idea and asset born from the ashes of the Great Financial Crisis as a rejection of the Icarian behavior of the leverage-ridden, synthetic derivative-obsessed financiers who birthed the crisis, is now being advertised for purchase by those same institutions. Has Bitcoin been captured by corporate interests? Original

FET Bearish Descent Targets Key $0.966 Level, More Dips Ahead?

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Artificial Superintelligence Alliance (FET) is experiencing a prolonged bearish trend, pushing its price closer to the critical $0.966 support level. This sustained downward pressure has raised concerns among investors, as the cryptocurrency continues to extend its bearish momentum.  The $0.966 resistance mark now serves as a significant point of interest, determining whether FET can reverse its current trajectory or continue its descent. Market participants are closely monitoring these developments, analyzing technical indicators and market sentiment to gauge the potential for a rebound or further decline. This article aims to analyze…