💰 Update: In three hours on July 16, Mt. Gox has moved over 140,000 Bitcoin, worth almost $9 billion, to a known cold wallet and two unknown addresses.

The $BTC price reached almost as high as $65,000 earlier on July 16 but fell to lows of $63,000.

Market sentiment turned bearish as BTC price began to fall an hour before the first Mt. Gox transaction on July 16, only to continue falling as further outflows hit unknown wallets.

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Mantra ($OM ) is up over 8% in the past 24 hours, amid broader crypto market volatility.

Additionally, the Moving Average Convergence Divergence (MACD) has signaled bullish sentiment as the signal line crosses above the MACD line.

Market sentiment surrounding Mantra remains positive, highlighted by a 7.9% surge in 24-hour trading volume, totaling over $50 million in OM tokens traded. This uptick underscores increasing investor confidence in the project’s growth prospects.

OM’s technical data signals further price increases for the asset in the short term. Projections for 2024 set a price target of around $1.24, with optimistic scenarios suggesting highs up to $1.45.

Mantra’s current market capitalization is $703.4 million, supported by a circulating supply of 831.3 $OM tokens. These figures underscore MANTRA’s robust foundation for sustained growth in the cryptocurrency market.

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Several factors are responsible for the recent price declines recorded by Bitcoin ($BTC ) and other established crypto assets. As reported by crypto.news, the German government has been liquidating the over 50,000 BTC confiscated from the illegal online piracy platform Movie2k several years ago. The sell-off commenced on June 19, with a transfer of 1,500 BTC to exchanges such as Coinbase, Bitstamp, and Kraken. Over the past month, the government has sold more than 3,000 BTC, valued at approximately $172 million, in multiple transactions.

The German government still holds 46,356 BTC, which is valued at approximately $2.6 billion at current prices.However, recent reports indicate a temporary halt in the German government’s Bitcoin sales. On-chain analytics reveal no further transfers from the government-linked wallet to exchanges in the past week.At press time, the Bitcoin ($BTC ) price is hovering around the $57,754 region, representing a 5.2% decline this week.

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MultiversX ($EGLD ), the native token of the Elrond blockchain, is priced at $33.5, marking a 3.5% rise in the past 24 hours.The token maintains a market capitalization of $921.68 million and a robust daily trading volume of over $45 million.The moving averages still indicate a bullish trend, as both the 50-day and 200-day moving averages have crossed above the current price.

However, the Relative Strength Index (RSI) is overbought, suggesting short-term consolidation or correction potential.

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Here are some key points regarding the future of $ETH :

*Price Prediction:*
- By the end of 2024, $ETH is predicted to reach $5,000.
- In 2025, Ethereum is expected to reach a maximum of $6,500 with a minimum of $4,500 and an average of $5,500.
- By 2030, Ethereum is expected to reach a maximum of $20,500.

*Ethereum Roadmap:*
- The Ethereum roadmap is an ambitious set of improvements that will upgrade Ethereum from its current form into a fully scaled, maximally resilient platform.
- The roadmap includes cheaper transactions, extra security, better user experience and future proofing.

*Upgrades:*
- The Dencun upgrade will make transactions cheaper on layer 2 networks, which will bolster activity and even attract mainstream, mass consumer demand for the Ethereum.
- Other upgrades include Danksharding, staking withdrawals, single slot finality, proposer-builder separation, secret leader election, account abstraction and Verkle trees.

*Outlook:*
Ethereum holds a bright future as it is not just a transactional currency but eventually, it is on the path of establishing itself as a “store of value” for those entities which are looking to optimize their wealth.
-$ETH has the potential to overcome its all-time high and set a new record.

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The Federal Reserve (Fed) meeting can have an impact on the cryptocurrency market in several ways:

- Interest Rate Hikes: When the Fed raises interest rates, it can lead to a decrease in the value of cryptocurrencies like $BTC .

- Risk Aversion: Higher interest rates can make investors more risk-averse, leading them to sell their risky assets.

- Strengthening US Dollar: Higher interest rates can strengthen the US dollar, making it more attractive to investors, which can lead to a decrease in the value of $BTC .

- Decreased Liquidity: Higher interest rates can reduce liquidity in the market, making it more difficult to buy and sell $BTC .

- Psychological Impact: The Fed's actions and statements can impact investor sentiment, leading to changes in the cryptocurrency market.

- Delayed Interest Rate Cuts: If the Fed delays cutting interest rates, it can lead to a decrease in the value of Bitcoin and other cryptocurrency.

- Less Investor-Friendly Policy: If the Fed adopts a less investor-friendly policy stance, it can lead to a decrease in the value of all assets.

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*Pros and Cons of $BTC ETFs*

Pros:

- Regulated financial product
- Can be included in specialized portfolios like retirement or 401(k)
- Backed by regulated and reputable providers like BlackRock

Cons:

- Investors do not own the underlying BTC
- There might be a premium on the ETF compared to the BTC NAV
- Limited trading hours and higher fees

*Buying $BTC Directly*

Buying Bitcoin directly provides investors with ownership over the cryptocurrency. Here are some key characteristics of buying BTC directly:

- Trades on cryptocurrency exchanges
- Investors get direct ownership of BTC
- Acquisition fees vary between crypto exchanges
- Managed by the investor
- Trades 24/7, irrespective of traditional working hours
- Direct exposure to the BTC price

*Pros and Cons of Buying BTC Directly*

Pros:

- You get direct ownership of the BTC you buy
- You can get full control through self-custody
- Unlimited trading hours and lower fees

Cons:

- Storing your BTC can be challenging and requires higher technical expertise
- Can’t include it in traditional retirement plans and 401(k)
- Not recognized as a financial instrument

*Bitcoin ETF vs. Buying BTC Directly: What’s Better?*

The choice between a Bitcoin ETF and buying BTC directly depends on individual preferences and needs. If you’re not tech-savvy, want long-term exposure without worrying about safekeeping your crypto, and don’t mind higher fees, an ETF might be the better option. However, if you prefer direct ownership of BTC, want to store it safely or trade it actively against other altcoins, then buying BTC directly is the way to go.

In conclusion, both Bitcoin ETFs and buying $BTC directly have their advantages and disadvantages. It’s essential to understand your investment goals and risk tolerance before making a decision. Whether you choose an ETF or direct investment, both options offer a way to participate in the cryptocurrency market and potentially benefit from the growth of Bitcoin.

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#The Future of $BTC : Predictions and Possibilities

Introduction:
$BTC , the pioneering cryptocurrency, has been on a rollercoaster ride since its inception in 2009. From its humble beginnings to its current status as a global phenomenon, Bitcoin has been shaping the future of finance and technology. In this article, we'll explore the potential future of Bitcoin and what experts predict for its next chapter.

Adoption and Mainstream Acceptance:
As more institutions and individuals invest in Bitcoin, it's likely to become a mainstream asset class. Increased adoption will lead to greater price stability and higher valuations.

Regulatory Clarity:
Clear regulations will legitimize Bitcoin, attracting more investors and fostering growth. Governments and financial institutions will recognize Bitcoin's potential, leading to wider acceptance.

Technological Advancements:
Improvements in scalability, security, and usability will enhance Bitcoin's appeal. The Lightning Network, Taproot, and other upgrades will increase transaction capacity and efficiency.

Price Predictions:
Experts forecast Bitcoin's price to reach new heights, potentially exceeding $100,000 or more in the next few years.

Challenges and Risks:
Regulatory uncertainty, market volatility, and security concerns remain potential obstacles. Bitcoin must overcome these challenges to achieve long-term success.

Conclusion:
The future of $BTC holds much promise, with potential for widespread adoption, technological advancements, and significant price growth. While challenges exist, the pioneering cryptocurrency is poised to continue shaping the financial landscape.

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$BTC has been experiencing a mix of volatility and stability in recent times. As of today, May 29, 2024, here's a brief analysis of the trend:

Short-term trend (last 7 days):

Neutral/Bearish

- Bitcoin has been trading within a narrow range of $28,000 - $30,000.

- A slight decline of around 3% in the last 7 days.

Medium-term trend (last 30 days):

Bullish

- Bitcoin has shown a steady increase of around 15% in the last 30 days.

- A clear uptrend is visible, with higher highs and higher lows.

Market sentiment:

- Fear and Greed Index: 42 (Fear)
- Bitcoin Dominance: 46.3% (stable)

Technical indicators:

- RSI (14): 54.6 (neutral)
- MACD (12, 26): bearish crossover

Keep in mind that cryptocurrency markets are highly volatile, and trends can change rapidly. This analysis is for informational purposes only and should not be considered as investment advice. Always do your own research and consult a financial professional before making investment decisions.

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Are the whales still buying $BTC ?

“More than 20,000 $BTC flow to whale wallets. It appears that the whales took advantage of 10 June’s correction in $BTC and accumulated additional quantities.”

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The following applicants filed an updated version of their S-1 spot $ETH ETF application:

• Bitwise
• Fidelity
• VanEck
• Franklin
• 21Shares
• Grayscale
• BlackRock

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Here are some top altcoins to consider buying in 2024, along with their potential reasons:

1. Ethereum ($ETH ) - Smart contract platform, decentralized applications, and DeFi ecosystem.
2. Polkadot (DOT) - Interoperability between blockchains, scalability, and decentralized data management.
3. Solana (SOL) - Fast transactions, low fees, and rapidly growing DeFi and NFT ecosystem.
4. Cardano (ADA) - Scalability, security, and sustainable development, with a strong focus on decentralized governance.
5. Avalanche ($AVAX ) - High scalability, low fees, and fast transaction times, with a growing DeFi ecosystem.
6. Chainlink (LINK) - Decentralized oracles and data feeds, enabling smart contracts to interact with off-chain data.
7. Cosmos (ATOM) - Scalability, interoperability, and decentralized governance, with a focus on creating a "internet of blockchains".
8. Fantom (FTM) - High scalability, low fees, and fast transaction times, with a growing DeFi ecosystem.
9. Hedera Hashgraph (HBAR) - Scalability, security, and decentralized governance, with a focus on enterprise adoption.
10. VeChain ($VET ) - Supply chain management, enterprise adoption, and real-world use cases.

Please keep in mind that this is not investment advice, and it's essential to do your own research and consider your risk tolerance before investing in any cryptocurrency.

Also, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. It's essential to stay up to date with market trends and developments before making any investment decisions.

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Crypto analysts forecast a 53% surge for $SOL if it surpasses $178 resistance. This bullish forecast is based on the ascending triangle pattern visible on Solana’s price chart, a technical indicator often associated with bullish market sentiment. If $SOL continues the current uptrend momentum and successfully breaches the upper resistance level, it would set the stage for incredible gains shortly.

The key levels that will decide the short-term market direction of Solana are the $143 support and the $178 resistance. A price above $143 support or above $178 resistance can trigger the expected bull run. As such, if Solana trades above the support level or breaks above the resistance, the following move in the price will be a sure validation of the forecast of a huge price rally, as has been witnessed many times in other assets in similar conditions.

$SOL has recently experienced a 7.6% decline, contributing to a nearly 20% drop over the past week. Notably, seasoned analysts view this price movement as a period of consolidation, with fluctuations expected between $185 and $120, representing a natural correction after Solana’s recent substantial rally. Optimism surrounding Solana’s potential price increase is further reinforced by growing network activity, as data from IntoTheBlock indicates a surge in daily active addresses on Solana, which often precedes price hikes and reflects enhanced utilization and user adoption.

Remember, this analysis is based on current market conditions and is subject to change. Always do your own research and consult a financial advisor before making investment decisions.

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$BTC spot ETF had a total net outflow of $106 million on June 21, and continued to have net outflows for 6 consecutive days. Grayscale ETF GBTC had a single-day outflow of $34.2043 million. The current total net asset value of $BTC spot ETF is $55.547 billion.

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Ethereum Name Service (ENS) has surged 30% in the last 24 hours to reach a price point not seen since January 2022.

ENS, a decentralized naming system on the Ethereum blockchain, allows users to acquire human-readable names like “jenny.eth” and link them with various identifiers, including addresses, content hashes, and metadata.

Unlike traditional Domain Name Systems (DNS), ENS domains are managed by smart contracts and a Decentralized Autonomous Organization (DAO), ensuring they are free from centralized control.
Ethereum Name Service is compatible with a wide range of blockchains, including popular ones such as Optimism, Solana, Arbitrum, and Base.

The developers have not yet specified the exact timing of the V2 upgrade, but indications from the roadmap suggest it may take a few months to complete.

Additionally, the Ethereum Name Service price surged on Monday, buoyed by the performance of other cryptocurrencies. Bitcoin, after dipping to $60,000 on June 29, rebounded to $63,500, its highest level in nearly two weeks, triggering a notable rise in the crypto market. Ethereum also rose to over $3,500.

Furthermore, there are signs that the SEC may approve a spot Ethereum ETF this quarter. While the agency has sent back the S1 filings to the issuers, indications point towards a potential approval later this quarter. The ENS token is expected to perform well if this approval occurs.

Market analyst Javon Marks noted that the recent price surge has pushed ENS to new highs, with a target of $76.12. If this trend continues, ENS could potentially increase by another 138%.

Another analyst, Matthew Hyland, is even more optimistic, predicting that ENS could reach $120 if the current upward momentum holds.

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$LTC (Litecoin) has been making waves in the cryptocurrency space due to the following developments:

- Partnership with Swingby: LTC will be bridged into the Gravity platform, enabling cross-chain swaps and interoperability with other chains like $ETH , TRON, and BEP-2 tokens.

- Increased adoption: LTC's integration into the Gravity network is expected to increase its adoption and usage in DeFi applications.

- Improved liquidity: The partnership aims to enhance liquidity for LTC and other assets, making it easier for users to swap and trade across different chains.

- Enhanced interoperability: The integration of $LTC into the Gravity platform promotes interoperability between different blockchain networks, fostering a more connected cryptocurrency ecosystem.

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