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” Bitcoin faces fresh pressure as US dollar crushes gold, risk assets “ Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView USD sets yet another 20-year record Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
” Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode “ So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode. In its July 4 Week Onchain report, Glassnode analysts said June saw Bitcoin have one of its worst-performing months…
” Crypto community eyeing three macro events to tip crypto scales in July “ The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data…
” Celsius pays down 143M in DAI loans since July 1 “ Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency. Since July…
” Price analysis 7/4: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB “ The crypto markets have remained relatively stable over the weekend and on July 4, which is a holiday for the United States financial markets due to Independence Day. Although Arthur Hayes, former CEO of derivatives platform BitMEX, was expecting a…
” Bitcoin price spikes to $20K as whale bought BTC confirms support “ Bitcoin (BTC) rose to clip $20,000 for the first time in five days on July 4 as the Independence Day holiday brought some unexpected gains. BTC/USD 1-hour candle chart. Source: Tradingview.com $20,000 briefly reappears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
” Hodlers and whales: Who owns the most Bitcoin in 2022? “ One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know…
” ‘Wild ride’ lower for BTC? 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts a new week still in holiday mode with United States financial markets off for Independence Day. The largest cryptocurrency, stuck below the increasingly daunting $20,000 mark, continues to feel the pressure from the macro environment as talk…
” SBF denies FTX is eyeing distressed crypto mining companies “ Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.” “Really not sure why the meme about FTX and…
” Top 5 cryptocurrencies to watch this week: BTC, SHIB, MATIC, ATOM, APE “ The bears are attempting to sink Bitcoin (BTC) below $19,000 to further cement their advantage over the crypto market. Analysts watching Bitcoin’s MVRV-Z Score, a metric which measures how high or low Bitcoin’s price is relative to “fair value,” expect an…