🎉🎉🎉 #BinanceTurns7 Happy 7 years of existance, F(B)inanc | DarkKnightCrypto on Binance Square

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🎉🎉🎉 #BinanceTurns7  Happy 7 years of existance, F(B)inancial freedom and prosperity. Let's make it for an other 77 years of all of that and much more 🎉🎉🎉
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🚨🚨🚨 Bitcoin $BTC , crypto market to rebound in August, JPMorgan says 🚨🚨🚨 JPMorgan says the crypto market will see a decent bounce starting in August, but has reduced the year-to-date net flows from $12 billion to $8 billion. Analysts at the bank shared the new forecast for crypto in a research note, suggesting the crypto market should see liquidations begin to subside this month. The bullish projection from the Wall Street giant comes as crypto markets continue to hover in the red after a particularly brutal June. Bitcoin price, which reached highs of $73,000 in March, retreated heavily last month amid sell-off pressure. Catalysts for the decline included miner offloading of BTC after network rewards were reduced by half post-halving, and recent dumping spree from the German government. The market also reacted sharply to the news of imminent Mt.Gox repayments. BTC currently trades around $57,330, down more than 13% in the past month. In recent weeks, Bitcoin has hovered near support zones, with analysts suggesting that bears could target the $50,000 area. JPMorgan revises down net flow estimates In their research note to investors, JPMorgan analysts said liquidations are likely to dissipate significantly by the end of July. Afterward, Bitcoin and the broader crypto market may begin to rise. However, JPMorgan has revised its net flow estimates down to $8 billion, expressing skepticism about the previous projection of $12 billion. Besides BTC’s price being high relative to its production cost and relative to gold, the bank’s analysts also highlight the decrease in exchange reserves and broader sell-off pressure as key reasons. The decline in Bitcoin reserves could be attributed to liquidations, mainly by Gemini or Mt. Gox creditors. Additionally, the extensive dump by the German government, which held 50,000 BTC seized from a piracy site, has sold most of it over the past few weeks. #BTC☀ #CryptoNewss #BinanceSquareFamily

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Germany’s $BTC selling nears an end with only 4,925 Bitcoin left to transfer German authorities sold 10,567 BTC worth $600 million today, significantly contributing to an 18% drop in Bitcoin’s price over the past month, alongside sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. EST, Thursday, July 11, the wallets linked to German authorities hold a remaining 4,925 BTC, currently valued at $285 million. This marks more than a 90% decrease in BTC held, down from the 50,000 BTC worth nearly $3 billion when they started selling the assets three weeks ago. BTC has corrected roughly 18% since Germany began their Bitcoin liquidation. German authorities’ Bitcoin wallets transferred 10,567 BTC worth over $600 million today to exchanges like Bitstamp, Coinbase, and Kraken, as well as other service providers, according to blockchain data from Arkham Intelligence. Earlier in June, crypto.news reported that the German Federal Criminal Police Office (BKA) originally seized about 50,000 BTC from the operators of the popular piracy movie website Movie2k.to in 2013. The BKA obtained the Bitcoin in mid January after receiving a “voluntary transfer” from the suspects. Sell-off fears Even though Germany appears to be nearing the end of its sell-off, other entities still need to sell their BTC. Mt. Gox, which was one of the largest Bitcoin exchanges until it collapsed in 2014, began repaying its creditors after a decade-long process. This payout involves over 140,000 BTC, 143,000 Bitcoin Cash, and 69 billion Japanese yen, totaling approximately $9 billion. Many analysts were concerned that the unexpected increase in the supply of BTC in the market would lead to significant downward pressure on prices. They feared that many creditors would sell off their holdings to lock in profits. Adding to the pressure, Genesis Trading has also been actively selling BTC over the last month. Contributing to the increased selling pressure on the market. #BTC☀ #CryptoNewss #BinanceSquareFamily

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Why is Bitcoin $BTC Price Falling?🔎 Bitcoin $BTC price fell as far as $56,355 at the time of writing. Volatility is extremely high. The biggest reason for this is Germany's ongoing BTC sales. So what has triggered this decline in the last few hours? Here are the details. The 50,000 BTC confiscated by the German government has been sold in parts for a long time. Investors' risk appetite is significantly negatively affected as on-chain alarms sound with continuous transfers. The good news is that half of the total reserve melted with the latest institution sales made by the BKA of the German government. Short-term intense selling pressure in the markets may weaken after the remaining BTC is also sold. However, we should see details that MTGOX returns will be slow. – Track the movements of BTC transfers towards exchanges. – Watch the German government's sales programs. – Observe the timing of MTGOX returns and adjust your strategy accordingly. #BTC☀ #BinanceSquareFamily #CryptoNewss #EarnFreeCrypto2024

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🚨🚨🚨 Price dips down 🚨🚨🚨 Best time to get the big boys $BTC $ETH $BNB as their price dips down #BTC☀ #ETH🔥🔥🔥🔥 #BNBAnalysis #BinanceSquareFamily #CryptoNewss

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Join $ALPINE fan token and win great rewards➡️Click here to join⬅️ #Alpine #Fantoken #CryptoNewss #BinanceSquareFamily #BTC☀

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