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news-imageJune 18, 2024

Bitcoin Price Slide: Extends Losses Amid Increased Selling Pressure

Bitcoin price extended its losses and traded below the $65,000 level. BTC is showing bearish signs and might extend losses below the $64,600 level.
Publisher: NewsBTC
Sentiment: Negative
BTC

More News Articles

Negative
cover-imageBitcoinist
July 12, 2024

Germany Depletes Bitcoin Stash After Selling Over 40,000 BTC

The German government has depleted most of its Bitcoin holdings after an extended period of selloffs that left crypto investors reeling under selling pressure. The origin of these assets can be traced back to 2013 through the proceeds of the operations of a now-defunct movie content piracy website called Movie2K.

  BTC  
Positive
cover-imageCryptoGlobe
July 12, 2024

The Future of Bitcoin: Major Catalysts for the Next ‘Explosive Parabolic Move'

In a recent interview with Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Anthony Pompliano, the Founder of Pomp Investments and Host of The Pomp Podcast, provided in-depth insights into the driving forces behind the anticipated “explosive parabolic move” in Bitcoin.

  BTC  
Positive
cover-imageBenzinga
July 12, 2024

Bitcoin, Ethereum, Dogecoin Recover As Germany Runs Out Of BTC To Sell

Cryptocurrency markets are trading up as PPI data has sparked speculation of an interest cut in September. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $57,825.58 +0.6% Ethereum (CRYPTO: ETH) $3,129.43 +0.5% Solana (CRYPTO: SOL) $138.75 +1.2% Dogecoin (CRYPTO: DOGE) $0.1076 +0.4% Shiba Inu (CRYPTO: SHIB) $0.00001644 +0.3% Notable Statistics: IntoTheBlock notes that 83% of Bitcoin holders are in profit at current levels despite the volatility.

  BTC  
  DOGE  
Positive
cover-imageCrypto Briefing
July 12, 2024

German govt runs out of BTC as Bitcoin eyes daily close above $58,000

The German government's BTC sell-off may alleviate market pressure, potentially enabling Bitcoin to regain upward momentum and key price levels. The post German govt runs out of BTC as Bitcoin eyes daily close above $58,000 appeared first on Crypto Briefing.

  BTC  
Positive
cover-imageUToday
July 12, 2024

Major Bitcoin Price Headwind Just Disappeared

According to cryptocurrency research firm Arkham Intelligence, Saxony, a state in eastern Germany, has now liquidated all of its Bitcoin holdings.

  BTC  
Negative
cover-imageBitcoin
July 12, 2024

German Government Is Now out of Bitcoin, Arkham Data Shows

The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services.

  BTC  
Negative
cover-imageThe Currency Analytics
July 12, 2024

Bitcoin Traders Face Pressure as Deepest Correction Since 2022 Wipes Out Profits

Bitcoin has undergone its most significant correction since late 2022, dealing a blow to short-term traders who now face substantial unrealized losses. According to data from Glass node and insights from market analysts, the recent downturn has underscored the resilience and challenges inherent in the digital asset landscape.

  BTC  
Negative
cover-imageCrypto news
July 12, 2024

Is Germany done transferring their Bitcoin?

According to blockchain data, the German government has transferred the last of its Bitcoin holdings, finalizing a nearly three-week long selling spree.

  BTC  
Positive
cover-imageCoingape
July 12, 2024

Breaking: Germany Runs Of Bitcoin With 3846 BTC Moved To Flow Traders

The wallet address tagged “German Government” by Arkham Intelligence no longer has any Bitcoin (BTC) to sell. After about a month of unrelenting selloff, the government sent the last batch of coins in what comes off as a relief for the market.

  BTC  
Positive
cover-imageThe Currency Analytics
July 12, 2024

Bitcoin Whale Accumulation Signals Long-Term Confidence Amid Short-Term Volatility

Bitcoin (BTC) continues to capture attention, not just for its price movements but also for the behavior of its largest investors. Recent data from blockchain analytics platform Santiment reveals a notable trend: an increase in the number of Bitcoin whale and shark wallets, signaling a strong belief in Bitcoin's long-term potential even amidst short-term price fluctuations.

  BTC  
Positive
cover-imageThe Daily Hodl
July 12, 2024

SEC Terminates Investigation Into Bitcoin (BTC) Layer-2 Stacks Developer Hiro

The U.S. Securities and Exchange Commission (SEC) is dropping its investigation into the firm behind the popular Bitcoin (BTC) layer-2 chain Stacks (STX). According to a new Form 1-U filing from the SEC, the securities regulator has investigated STX-developer Hiro and decided not to pursue any further actions against the crypto firm.

  BTC  
  STX  
Neutral
cover-imageBenzinga
July 12, 2024

Top Crypto Trader Contemplates Retirement, Looks For 'One Last Bullish Trade' On Bitcoin, Ethereum, Solana

Renowned crypto trader DonAlt is considering stepping away from active trading, citing disillusionment with the current state of the cryptocurrency market. What Happened: In a recent episode of the popular “Casual Friday” podcast, Don revealed his plans to wind down his trading activities while expressing a desire for “one last bullish trade” to end on a high note.

  BTC  
  ETH  
Positive
cover-imageThe Daily Hodl
July 12, 2024

VanEck CEO Says Bitcoin Correction Is Normal, Outlines Two Bullish Catalysts for BTC

The chief executive of the financial giant VanEck is remaining bullish on Bitcoin (BTC) and says its recent correction into the $50,000 range is not surprising. In a new interview on CNBC Television, VanEck CEO Jan van Eck says that Bitcoin's double-digit correction has historical precedence in prior bull market cycles.

  BTC  
Negative
cover-imageCoingape
July 12, 2024

Bitcoin (BTC) Slump Is S&P 500 Gain As Both Breaks 3-Year Correlation

The price of Bitcoin (BTC) is showcasing a very troubling selloff, one that has triggered a rare correlation break with the S&P 500 Index. Despite being a traditional finance stock market performance tracker, the growth trend of S&P and Bitcoin has stayed similar until now.

  BTC  
Positive
cover-imageBitcoin
July 12, 2024

Arthur Hayes on Bitcoin's Political Clout: Can Crypto Voters Influence the 2024 Election?

Arthur Hayes, co-founder of Bitmex, argues that the upcoming U.S. presidential election presents a unique opportunity for crypto advocates to leverage their voting power. With both major political parties vying for a narrow margin of swing voters, Hayes believes the crypto community could play a decisive role in determining the outcome.

  BTC  
Negative
cover-imageBitcoin
July 12, 2024

Coinbase Report: Crypto Market Shook by German BTC Sales; Recovery Expected by September Despite US Economic Slowdown

The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust repayments have contributed to market volatility.

  BTC  
Positive
cover-imageNewsBTC
July 12, 2024

Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle

In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin's recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead.

  BTC  
Negative
cover-imageBenzinga
July 12, 2024

Iris Energy's Bitcoin Mining Ventures: Overvalued Or Underestimated?

Analysts at Bernstein on have rebutted Culper Research's negative report on Iris Energy Ltd (NASDAQ:IREN), defending the company's AI and bitcoin mining prospects. What Happened: On Thursday, IREN fell over 13% following Culper's report, which claimed IREN shares were overvalued by 52% to 79%, The Block reported.

  BTC  
Negative
cover-imageCrypto Mufasa
July 12, 2024

German Government's Bitcoin Wallet Shrinks to 9,094 BTC in Three Weeks

Germany's Bitcoin wallet, initially filled with Bitcoin seized from a crackdown on the film piracy website Movie2k in January, has seen extensive activity since mid-June. On July 11, the wallet experienced a dramatic decrease, momentarily dipping below 5,000 BTC.

  BTC  
Positive
cover-imageFXEmpire
July 12, 2024

Bitcoin Weekly Price Forecast – Bitcoin Stabilizes

The bitcoin market initially fell during the course of the week, but it looks like we are doing everything we can to turn things around and attempt to stabilize. After all, we have seen a lot of selling pressure recently.

  BTC