Bitcoin traders ‘under pressure’ after deepest correction since 2022 erases profits
83% of short-term Bitcoin traders saw losses after BTC price recorded its deepest drawdown since 2022. Go to Source
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Bitcoin price faces major ‘summer of 2021’ style correction despite BTC whale buying
Bitcoin whales have become accumulators again, but analysts say BTC is still at risk of another sharp correction. Go to Source
German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow
Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German Government’s Swift Bitcoin Sales Could Soon Lead to Total Reserve Depletion At 1:16 p.m. EDT on July 9, Bitcoin.com News reported on Germany’s bitcoin transfers … Read more
Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market
On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013, had remained inactive for over ten years and seven months. At that time, bitcoin was valued at $644 per coin, making the entire cache worth … Read more
German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve
According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30 p.m. EDT on July 8. Bitcoin Holds Strong Amidst Germany’s Selling Pressure The German government’s wallet now holds 22,846 BTC following multiple transfers and deposits … Read more
Bitcoin Holders In Profit Despite Market Volatility: Analyzing Unrealized Gains And Government Movements
Despite recent fluctuations in Bitcoin’s price, a significant majority of holders remain in profit. Data from IntoTheBlock indicates that 82% of Bitcoin holders are still in profit, even after the latest price drop. According to @intotheblock 82% of Bitcoin holders are still in profit, even after the recent price drop of $BTC. Do you think … Read more
Riot Platforms Proposes Comprehensive Plan to Improve Bitfarms
Riot Platforms Inc. (Nasdaq: RIOT) has proposed a comprehensive plan to improve Bitfarms Ltd. (Nasdaq: BITF) and has launched a website to detail this strategy. As part of its efforts to acquire Bitfarms, Riot has called for a special shareholders’ meeting to nominate three new directors: John Delaney, Amy Freedman, and Ralph Goehring, who bring … Read more
German Government Liquidates $741M in Bitcoin Holdings
Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s bitcoin holdings had dropped to 26,686 BTC after divesting an additional 11,935 BTC. Currently, the government’s bitcoin wallet is valued at approximately $1.5 billion in … Read more
German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure
Repeated Bitcoin transfers to centralized exchanges suggest the German government plans to sell the remaining $1.3 billion in BTC holdings. Go to Source
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash: Law Decoded
The Mt. Gox rehabilitation plan, approved in 2021, moves forward with BTC and BCH repayments, and North Carolina’s CBDC ban was vetoed by the governor. Go to Source