Bitcoin maintains over $61,000 as Daily Active Addresses rise since mid-April and Sony announces crypto exchange relaunch

Monday saw small inflows into US spot Bitcoin ETFs.
On-chain data reveals BTC's daily active addresses grew, indicating blockchain use.

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 a rise in daily active addresses, slight inflows into US spot Bitcoin ETFs, and the German Government's transfer of 1,500 BTC worth $94.7 million potentially triggering a minor correction before an expected upward rally in the coming days.

Daily market digest: Bitcoin spot ETFs gained little.
Lookonchain data shows 9 ETFs added 526 BTC worth $33 million on July 1, extending a five-day net inflow.
Blackrock owned 306,979 BTC worth $19.3 billion and adds 1,366 BTC worth $85.9 million. Grayscale, Invesco, and Fidelity lost 198, 201, and 437 BTC. The nine spot BTC ETFs possess $54.3 billion in Bitcoin.
July 1 Update:


BTC's Daily Active Addresses rose from 666,020 on June 30 to 894,980 on July 1. This 34.3% spike is the greatest since mid-April and suggests that Bitcoin's price may climb as demand for its blockchain grows.

After acquiring Quetta Web from Sony in August 2023, Whalefin announced on Monday that Amber Japan will rebrand as S.BLOX. According to PR Times, Sony wants to relaunch the crypto exchange with a new app and collaborate across Sony Group companies to improve crypto asset trading services.



BTC might increase 5% to retest its weekly barrier at $67,147 if it closes over $63,956 daily resistance.

The daily chart's RSI and Awesome Oscillator are below 50 and zero. If bulls are returning, both momentum indicators must rise over neutral.


BTC may advance 6% to retest weekly resistance at $71,280 if bulls are active and the crypto market is upbeat.

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