Latest Bitcoin News - July 8, 2024

Market Overview

- Bitcoin Price: $55,122.17, down 4.99% in the last 24 hours.

- Global Crypto Market Cap:$2.01 trillion, a decrease of 5.19%.

- Crypto Trading Volume:$64.19 billion, up 17.71%.

Key Developments

- Metaplanet's Accumulation:Japan's Metaplanet has increased its Bitcoin holdings, suggesting a potential positive shift in future price trends.

- Ethereum:Down 5.62%, currently at $2,880.37.

- Solana:Experienced a significant decline of 7.97%, now priced at $130.79.

- XRP:Dropped 6.50%, trading at $0.415.

- Dogecoin:Fell by 8.75%, currently at $0.1021.

- Shiba Inu:Decreased by 8.70%, now valued at $0.00001547.

Expert Commentary

- Peter Schiff:Bitcoin whales might be positioning ETF investors to become "bag holders."

Market Concerns

- Mt. Gox Creditors:Renewed pressure on Bitcoin due to concerns over potential sales by creditors of the defunct Mt. Gox exchange.

### Notable Movements

- Brett (BRETT):**Dropped 15.36%, now at $0.1073.

- **Pepe Coin (PEPE):** Fell by 14%, currently valued at $0.000008213.

As of 9:25 am on July 8 in Singapore, Bitcoin is trading at approximately $54,400.

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