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market resilience – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Thu, 18 Jul 2024 16:46:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png market resilience – DIGIT INFO https://www.digit.info 32 32 Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements https://www.digit.info/research-shows-institutional-custodians-and-etfs-drive-significant-bitcoin-market-movements/ Thu, 18 Jul 2024 16:46:10 +0000 https://www.digit.info/research-shows-institutional-custodians-and-etfs-drive-significant-bitcoin-market-movements/ Read more]]> Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market MovementsThe bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […]

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From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues https://www.digit.info/from-50000-to-4925-btc-germanys-bitcoin-sell-off-continues/ Thu, 11 Jul 2024 17:28:13 +0000 https://www.digit.info/from-50000-to-4925-btc-germanys-bitcoin-sell-off-continues/ Read more]]> From 50,000 to 4,925 BTC: Germany's Bitcoin Sell-off ContinuesGermany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its holdings to 4,925 BTC. Germany’s Bitcoin Reserves Drop Below 5,000 As of 1 p.m. EDT on Thursday, July 11, 2024, the German government holds 4,925 […]

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German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins https://www.digit.info/german-government-sheds-over-3100-btc-now-holds-less-than-10000-bitcoins/ Thu, 11 Jul 2024 13:45:52 +0000 https://www.digit.info/german-government-sheds-over-3100-btc-now-holds-less-than-10000-bitcoins/ Read more]]> German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 BitcoinsAt 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000 bitcoins. Germany’s Bitcoin Wallets Overpay Network Fees as Holdings Drop to 9,925 BTC Overnight and into the morning hours (EDT), Germany’s bitcoin (BTC) wallet divested […]

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Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep Decline https://www.digit.info/glassnode-report-says-bitcoin-market-structure-remains-strong-amid-steep-decline/ Wed, 10 Jul 2024 16:30:48 +0000 https://www.digit.info/glassnode-report-says-bitcoin-market-structure-remains-strong-amid-steep-decline/ Read more]]> Glassnode Report Says Bitcoin Market Structure Remains Strong Amid Steep DeclineBitcoin has experienced its steepest decline in the current cycle, trading over 26% below its all-time high (ATH), according to onchain analysis firm Glassnode. This contraction has significantly affected short-term holders, with over 2.8 million BTC now below their acquisition price. Bitcoin Market Faces Significant Drawdown, Glassnode Reports Despite the notable downturn, Glassnode’s latest analysis […]

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German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow https://www.digit.info/german-government-offloads-9736-btc-in-20-hours-reserves-could-deplete-by-tomorrow/ Wed, 10 Jul 2024 13:50:02 +0000 https://www.digit.info/german-government-offloads-9736-btc-in-20-hours-reserves-could-deplete-by-tomorrow/ Read more]]> German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by TomorrowOver 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 […]

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German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve https://www.digit.info/german-government-sells-220-7m-in-bitcoin-retains-1-3b-reserve/ Tue, 09 Jul 2024 17:16:08 +0000 https://www.digit.info/german-government-sells-220-7m-in-bitcoin-retains-1-3b-reserve/ Read more]]> German Government Sells $220.7M in Bitcoin, Retains $1.3B ReserveAccording 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 […]

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