Bitcoin Remains Above $61,000 as Daily Active Addresses Increase Since Mid-April and Sony Announces Crypto Exchange Relaunch
Monday saw small inflows into US Bitcoin spot ETFs.
On-chain data shows that BTC daily active addresses have increased, indicating blockchain usage.
On Monday, the German government removed 1,500 BTC worth $94.7 million from its wallet.
Bitcoin (BTC) is encountering resistance near $64,000, with on-chain data showing an increase in daily active addresses, light inflows into US Bitcoin spot ETFs, and Gov. Germany moving 1,500 BTC worth $94.7 million is likely to cause a small correction before the expected correction. increasing momentum in the coming days.
Daily market news: Spot Bitcoin ETFs increased very little.
Lookonchain data shows that nine ETFs added 526 BTC worth $33 million on July 1, extending net inflows over five days.
Blackrock owns 306,979 BTC worth $19.3 billion and an additional 1,366 BTC worth $85.9 million. Grayscale, Invesco and Fidelity lost 198, 201 and 437 BTC. 9 BTC spot ETFs own $54.3 billion in Bitcoin.
Updated July 1:
BTC daily active addresses increased from 666,020 on June 30 to 894,980 on July 1. This 34.3% increase is the largest increase since mid-April and suggests that Bitcoin price may increase as demand for its blockchain increases.
After acquiring Quetta Web from Sony in August 2023, Whalefin announced on Monday that Amber Japan will rebrand to S.BLOX. According to PR Times, Sony wants to relaunch the cryptocurrency exchange with a new app and collaboration between Sony Group companies to improve crypto asset trading services.
BTC could rally 5% to retest the weekly barrier at $67,147 if it closes above daily resistance at $63,956.
The daily chart's RSI and Awesome Oscillator are both below 50 and at zero. If the uptrend is returning, both momentum indicators should rise above neutral levels.
BTC could rally 6% to retest the weekly resistance at $71,280 if the uptrend is active and the crypto market is optimistic.