● QCP Capital: BTC spot price has stabilized, indicating good support around 54k
According to Wu, QCP Capital noted that spot prices have stabilized, indicating that Bitcoin has good support around 54k and panic has subsided. The latest US employment data showed that both April and May data were revised down, confirming Powell's deflationary path and the prediction of a possible early rate cut. Both September and December are beginning to indicate a higher probability of rate cuts.
● US June seasonally adjusted non-farm payrolls exceeded expectations
According to BlockBeats, on July 5, the seasonally adjusted non-farm payrolls in the United States in June reached 206,000, exceeding the expected 190,000, but lower than the previous value of 272,000.
● The U.S. unemployment rate in June reached its highest level since November 2021
According to BlockBeats, on July 5, the U.S. unemployment rate in June was 4.1%, the highest since November 2021.
● Germany, the U.S. government and Mt. Gox have transferred a total of 17,788 BTC since June 19
According to ChainCatcher, Lookonchain monitoring shows that since June 19, the German government, the US government and Mt. Gox have transferred a total of 17,788 BTC (about $1.08 billion). The German government has been transferring BTC every day since July 1.
● Former CEO of Mt.Gox: Customers have begun to accept Bitcoin compensation
According to Odaily Planet Daily, Mark Karpelès, former CEO of Mt.Gox, posted on the social media platform that MtGox customers have begun to accept Bitcoin compensation. He said that this has been a long journey and he is happy to see that they have finally achieved their goal, and now only the last bit of work is left.
According to Odaily Planet Daily, Arkham data shows that many governments around the world hold a large amount of Bitcoin, totaling about $17.8 billion at current market prices. The US government holds the largest share of Bitcoin, with an estimated value of $12 billion, most of which was seized in the 2013 Silk Road crackdown and subsequent operations against darknet markets. The British government holds about $3.3 billion worth of Bitcoin, and Germany holds about $2.2 billion worth of Bitcoin. El Salvador has a $314 million Bitcoin treasury. The country became the first country to adopt Bitcoin as legal tender in 2021 and has since accumulated Bitcoin holdings through direct purchases and mining operations.
● On July 5, nine US Bitcoin ETFs increased their holdings by 166 Bitcoins, worth $9.23 million
According to Odaily Planet Daily, Lookonchain monitoring data showed that on July 5, nine US Bitcoin ETFs increased their holdings by a total of 166 bitcoins, with a value of US$9.23 million.