Month: July 2024

Bitcoin reaches $63k as miner selling pressure declines

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Bitcoin’s (BTC) one-month bearish momentum seems to have ended as the miner selling pressure declines. BTC is up by 2.2% in the past 24 hours and is trading on the verge of the $63,000 mark at the time of writing. The asset’s market cap is sitting at $1.24 trillion. Bitcoin’s daily trading volume increased by 57%, reaching $21 billion. BTC price, supply held by miners, whale activity and RSI – July 1 | Source: Santiment According to data provided by CryptoQuant, the BTC miner selling pressure and “concerns” have cooled…

German Police Transfers Additional $95 Million in Bitcoin to Bitstamp, Coinbase, and Kraken

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The German Government has apparently transferred an additional 1,500 bitcoin, valued at nearly $95 million, to multiple cryptocurrency exchanges, including Bitstamp, Coinbase, and Kraken. This move, part of a series of transactions since June 19, has led to speculation about the government’s intention to liquidate some of its bitcoin holdings, originally seized in a large-scale […] Original

Metahero announces the launch of its phone application to create customized web3 avatars

Metahero (HERO), the BSC-based native token of the Metahero ecosystem, begins the month of July on bullish grounds after witnessing a 25% drop in June due to the prevalent market retracement. Unlike July, HERO started June with bearish pressure, witnessing three consecutive days of turbulence at the beginning of the month on the back of a downtrend that spilled from May. This was largely due to the overall bearish conditions in the market, which saw Bitcoin (BTC) give up most of its March gains. Launched in 2021, the HERO token…

Bitcoin Weekend Trading Volumes Plunge To Record Lows

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Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors. Related Reading Bitcoin Trading Activity Takes A Nap Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk dramatically, dropping from a high of 28% in…

Crypto Exchange BingX Expands Chelsea FC Deal, Becomes Training Kit Sponsor

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Cryptocurrency exchange BingX has announced an expansion of its partnership with Chelsea Football Club. Starting from the 2024/25 Premier League season, BingX will transition from sleeve sponsor to official training wear partner for the men’s team. BingX Upgrades Chelsea Partnership, Becomes Official Training Wear Sponsor The expanded partnership builds on BingX’s initial collaboration with Chelsea earlier this year when it became the club’s official sleeve partner. The current upgrade will increase BingX’s visibility in sports arenas, aligning the crypto brand with a recognizable name in the world of football. “We…

Hidden Road Adds Exchanges and Accepts BlackRock BUIDL Token as Collateral

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Hidden Road, a global credit network for institutions trading digital assets, announced it has added several exchanges to its prime brokerage platform. The company also expanded the use of BlackRock’s BUIDL token, accepting it as collateral across its network. New Exchanges Join Hidden Road In a press release today (Monday), Hidden Road stated that it is now integrated with Coinbase International Exchange, following a tie-up with Coinbase Exchange in 2022. Other new integrations include OKX, Deribit, Bitfinex, Bullish, AsiaNext, and SIX Digital Exchange. Michael Higgins, Hidden Road’s Global Head of…

Bitcoin Price Blasts Past $63,000: Top 3 Reasons

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Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase of 5.6% since hitting a low below $60,000 on Friday. This unexpected surge occurred despite a lack of major news triggers, leading to speculations and analyses concerning the underlying causes. Here’s a deep dive into three key factors that might explain this weekend’s price action. #1 Mysterious Bitcoin Whale Activity According to DeFi^2 (@DefiSquared), the number one ranked trader on Bybit and a leading wallet on DeBank, a mysterious “whale” has been active in…

Abra Launches Treasury Service for Corporates That Want to Hold Crypto

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