Bitcoin Holds at $56K as Liquidated Short Tally Reaches $280 Million
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Bitcoin Could Face Volatility From US Payroll and Unemployment Reports—But Not Much, Say Analysts

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 Bitcoin might face more headwinds from U.S. payroll and unemployment reports today, but they won’t be anything compared to what’s already happening in the markets. Markets…

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Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months
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Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months

Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-first-drawdown-of-over-25-in-14-months/

Why Isn't Germany Selling Its Seized Bitcoin at Auction?
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Why Isn’t Germany Selling Its Seized Bitcoin at Auction?

Bitcoin seizures by law enforcement are nothing new. But there has been a recent shift in how agencies liquidate their seized BTC—and it’s been wreaking havoc on markets. After moving $75 million worth of Bitcoin to exchanges yesterday, the German Bundeskriminalamt has transferred another $84 million worth of Bitcoin just this morning, according to blockchain analytics platform Arkham. At the…

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Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users
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Kucoin to Implement 7.5% VAT on Transaction Fees for Nigerian Users

Nigeria-based KuCoin users will begin being levied a 7.5% value-added tax (VAT) on transaction fees starting on July 8. Some observers believe that Kucoin’s decision to implement this tax is intended to enhance its chances of securing an operating license. A Lagos-based crypto industry player stated that implementing the tax will likely harm the industry. […] Source: https://news.bitcoin.com/kucoin-to-implement-7-5-vat-on-transaction-fees-for-nigerian-users/

$17.8 Billion Bitcoin Is Still Sitting in These Government Wallets: Arkham
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$17.8 Billion Bitcoin Is Still Sitting in These Government Wallets: Arkham

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 Data from crypto analytics firm Arkham has revealed that several governments are holding significant amounts of Bitcoin, totaling approximately $17.8 billion at current market prices. Arkham…

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