Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, […] Source: https://news.bitcoin.com/cryptoquant-insights-report-seller-fatigue-suggests-bitcoin-price-bottom/
Month: July 2024
Gods Unchained NFT Sales Surge to Over $930K in One Day
Gods Unchained, a popular Immutable-based NFT collection, has made headlines by leading CryptoSlam’s NFT sales board on Tuesday, achieving a remarkable $930,439 in sales within a single day. This significant surge, encompassing 7,833 transactions, has propelled Gods Unchained’s all-time sales volume to the 16th spot on the leaderboard, just behind Bored Ape Kennel Club. Record-Breaking Sales Day for Gods Unchained…
Bitcoin ETFs Inflows Surpass $1 Billion in Three Days
Inflows into all 11 spot Bitcoin ETFs have surpassed $1 billion over the past three days, marking a remarkable milestone in the cryptocurrency market. Since their launch earlier this year, these ETFs have accumulated lifetime inflows of $17 billion. On July 16th alone, Bitcoin ETFs saw $420 million in inflows, reaching a six-week high according to Coinglass. BlackRock and Fidelity…
DeFi Technologies Doubles Bitcoin Treasury Holdings and Adds Solana and Core
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports Canadian fintech firm DeFi Technologies (DEFTF) has added another 94.4 Bitcoin (about $6.1 million worth) to its balance sheet, building on its adoption of BTC as…
CLOUD is here and open for trading!
We’re thrilled to announce that Sanctum (CLOUD) is now available on Kraken! Funding and trading CLOUD has entered post-only mode and trading will be live as of 15:15 UTC today, July 18, 2024. To add CLOUD to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit’. Make sure to deposit your tokens using the networks…
Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run? Source: https://cointelegraph.com/news/bitcoin-hashrate-bear-market-miners?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Olympic-Themed Crypto The Meme Games Nears $150K in First Week of Presale
The Meme Games (MGME) is the latest project everyone’s buzzing about. It’s benefiting from the hype around the 2024 Paris Olympics and has raised almost $150,000 in the first week of its presale. With a hilarious design and some huge staking rewards on offer, no wonder investors are piling in while they can. Olympic-Theme Meme […] Source: https://news.bitcoin.com/olympic-themed-crypto-the-meme-games-nears-150k-in-first-week-of-presale/
Monad’s $225M funding: Optimistic parallelization and MonadBFT insights
Monad Labs raised $225 million, led by Paradigm, pushing forward the discussion on parallelized EVM chains. Source: https://cointelegraph.com/news/monad-funding-optimistic-parallelization-blockchain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
US Bitcoin ETFs Record Ninth Consecutive Day of Gains, Adding $53.35 Million
U.S. spot bitcoin exchange-traded funds (ETFs) achieved their ninth consecutive day of gains on Wednesday, amassing $53.35 million. Blackrock’s IBIT garnered $110.37 million in inflows, whereas Grayscale’s GBTC experienced $53.86 million in outflows. Blackrock’s IBIT Boosts Reserves to $21B Amid $110.37M Inflows On July 17, the 11 spot bitcoin ETFs recorded $1.79 billion in trade […] Source: https://news.bitcoin.com/us-bitcoin-etfs-record-ninth-consecutive-day-of-gains-adding-53-35-million/
Bitcoin RSI points to more BTC price upside as a $65K battle rages
BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation. Source: https://cointelegraph.com/news/bitcoin-rsi-btc-price-upside-65k-battle-rages?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound