In my opinion the all market is getting manipulate by #BTC☀ when the BTC is getting down the market is bearish, if the BTC is getting up the market is Bullish. So, Keep focus in BTC as if you buy other crypto, keep concentration in BTC update…. #marketCrush #MarketConditions
Bitcoin weakness spurs $441M digital asset inflows!!!!!
Digital asset investments see significant inflows of $441 million, driven by Bitcoin price weakness, Mt. Gox activity and a German government sell-off, according to a CoinShares report. A new report from CoinShares revealed a market buying opportunity amounting to $441 million in inflows for digital asset investment products in the last week.
The July 8 report also highlighted an inflow into #Bitcoin $57,279 amounting to $398 million. According to CoinShares, the weakness of Bitcoin prices, alongside activity from Mt. Gox and selling pressure from the German government, were the likely causes of investors’ buying sprees.
Inflows were primarily seen in the United States with $384 million, followed by Hong Kong ($32 million), Switzerland ($24 million) and Canada ($12 million), whereas Germany saw $23 million in outflows.
Bitcoin Drops Anew on Fears of Sales From Mt. Gox Distributions!!!
Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt. Gox exchange, which has begun returning a roughly $8 billion hoard of the largest digital asset. The cryptocurrency slid as much as 5.2% on Monday before paring some of the wobble to trade at $55,290 as of 12:13 p.m. in Singapore, some $19,000 below March’s record high.