Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to $59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $59,516, forming lower highs and lower lows, indicative of a bearish […] Original
Bitcoin traded around $57,000 during the European morning, following a pullback from the $60,000 resistance level on Thursday, a decline of 2.4% in the last 24 hours. The CoinDesk 20 Index (CD20) fell 2.3%. Bitcoin climbed above $59,000 on Thursday after the U.S. reported its first drop in consumer prices in four years, a positive sign for the prospect of an interest-rate cut by the Fed. Bitcoin’s failure to maintain a sustained rally, despite positive macro news, suggests there is more price weakness ahead. Source
Spot Bitcoin (BTC) ETFs in the U.S. recorded their fifth consecutive day of inflows on July 11, with $72.1 million in net inflows as Bitcoin surpassed the $59,000 mark. According to data provided by Farside Investors, these investment products recorded $72.1 million in positive net flows on July 11. This follows a positive week that began with $143.1 million in capital inflows on July 5. Leading the pack is BlackRock’s IBIT, which captured $72.1 million in inflows, pushing its total to an extraordinary $18.1 billion. Following next is Fidelity’s FBTC,…
Shares of Australian Bitcoin miner Iris Energy dropped 14% on Friday after Culper Research questioned the firm’s ability to serve the high-performance computers for AI. Iris Energy (IREN), the Australian Bitcoin mining company, saw its shares plunge 14% on Jul. 12 after short seller Culper Research issued a report, raising concerns over Iris’ capabilities to provide high-performance computing (HPC) services for artificial intelligence (AI) in Childress, Texas. In a Jul. 11 report, Culper said that Iris’ flagship Childress buildout “lacks numerous features that are critical to HPC applications,” adding that…
Justin Sun, the founder of Tron, a decentralized blockchain-based operating system, has found himself joining the Spot Ethereum ETFs FOMO with a new $5 million investment in Ethereum (ETH), the world’s second-largest cryptocurrency. Tron Founder Buys $5 Million Worth Of ETH In an X (formerly Twitter) post on July 11, Spot On Chain, an AI-driven on-chain analytics platform, uncovered a new Ethereum transaction allegedly executed by Sun. According to the analytics platform, the Tron founder had supposedly spent $5 million to buy 1,614 ETH tokens at an approximate price of…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Injective, or INJ, has lately been causing waves in the crypto scene. Many analysts are hopeful about its future even if it has lately dropped. At $20.45 right now, INJ has a market capitalization of $1.91 billion and a daily trading volume of $375.74 million. Related Reading Analyst Upbeat About Injective Respected expert Jonathan Carter feels INJ is beginning to show indications of recovery. It’s deviating from a declining wedge pattern, he notes, which usually marks the conclusion of a downturn. Carter said INJ may soon reach $36 if it…
Soccerverse, a massively multiplayer football management game, has successfully raised $3.1 million in a strategic funding round led by renowned games industry publisher Square Enix, with additional participation from early investor Hiro Capital. This brings the total funding to $4 million. Founded by ex-Soccer Manager CEO Andrew Gore and blockchain gaming pioneers Andrew Colosimo and […] Source CryptoX Portal
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…