Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low. Go to Source
BTC
Auto Added by WPeMatico
Over 200 BTC From 2013 and 2012 Wallets Awaken, Now Valued at Over $14M
Over the past weekend, 211.51 dormant bitcoins valued at $14.79 million were reactivated after over a decade of inactivity. More than half of these funds originated from bitcoin wallets that had been inactive since 2012. Vintage Bitcoin Wallets Unleash 211.51 Bitcoin Since June 8, 2024, a series of four transactions brought 211.51 dormant bitcoins back … Read more
Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency regulations if they aim to have an impact on the industry. USDT Favored in … Read more
Bitcoin Technical Analysis: BTC Holds Steady Amidst Consolidation Phase
Bitcoin’s price stands at $69,352, within a 24-hour intraday range of $69,213 to $69,840. The leading crypto asset’s market capitalization is $1.36 trillion, with a 24-hour trade volume of $14.83 billion. Bitcoin The hourly chart for bitcoin (BTC) indicates a phase of consolidation with minor fluctuations. The price hit a high of $69,840 before retracting … Read more
Bitcoin ETFs sucked up 2 months of BTC mining supply last week
In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May. Go to Source
Weekend Wrap: Loopring $5M exploit, Bitcoin NFT weekly sales bump and more
An attacker exploited Loopring’s 2FA service and made off with over $5 million and the NFT market saw sales rise on the week led by Bitcoin Ordinals. Go to Source
Rapid Fluctuations in Bitcoin Fees Cause Brief Spike in Hashprice
Bitcoin’s hashprice, representing the anticipated value of one petahash per second (PH/s) per day of hashing power, climbed to $95 per petahash on June 8, marking the highest level since the halving. The increase derived from a rise in onchain fees. However, by the following day, bitcoin fees had substantially decreased, causing the hashprice to … Read more
Bitcoin Premium in South Korea Increases, Reflecting Strong Local Demand
After falling below $70,000, bitcoin has stabilized above the $69,000 mark. In contrast, South Korea has seen a notable rise in the premium for bitcoin. South Korea’s Bitcoin Premium Rebounds After Hitting Recent Low Recently, bitcoin (BTC) saw its infamous premium in South Korea drop below 1% after nearly hitting 10% in mid-April. Current data … Read more
Bitcoin’s Momentum Builds: Market Conditions Ripe For A Breakout
Bitcoin’s daily transaction volumes have surged past $70.9 billion, signaling heightened market activity. The In/Out of the Money Around Price (IOMAP) indicator suggests that there is minimal resistance up to the $73,000 level, hinting at the potential for Bitcoin to rise further. Daily transaction volumes in $BTC have reached over $70.9 billion, pointing to increased … Read more
Bitcoin ETF flows will send BTC price into ‘ parabolic run,’ traders say
BTC price remains steady above $69,000; analysts say increased spot Bitcoin inflows could take the price higher. Go to Source
