😎Ethereum has again formed a similar pattern before climbing to $4,000.
The price recently broke out of the downward resistance and tested it again. So now the chance of another strong upside step to test the important resistance level of $3900-4000 is very high.
Now the price is facing surface resistance in the area of $3500, so both the upward scenario to the resistance level and the scenario of the price falling again to the support level of $3030 are significant
🇷🇺 Russia proposes allowing traditional exchanges to handle crypto trading
Russia’s Ministry of Finance has proposed allowing traditional exchanges to handle digital asset trading for select investors, Interfax reported on July 10. A government draft response to two pieces of regulation outlines the possibility of creating special regulations for “conducting organized trading in digital currency, recognized as a commodity, on the basis of an exchange license or a trading system license.”
📈 XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they’ve been observing on the price chart.
💰 Japan's Metaplanet buys additional $1.2 million worth of bitcoin, shares surge 26%
Japanese investment firm Metaplanet Inc. saw its stock price jump 25.8% during the Tuesday morning session after announcing that it has purchased additional bitcoin worth about $1.26 million. The Tokyo-listed company disclosed today that it bought an additional 200 million yen worth of bitcoin, or 21.877. That brings its total bitcoin holdings to 225.611 BTC, or about 2.25 billion yen ($14.2 million).
💸 Do you remember when we said that most people think Bitcoin is too expensive when they want to buy it? Well, now Bitcoin bounces back to $63K!
🐋 Did You Know? Big Bitcoin holders (called whales) have bought lots of Bitcoin recently. This shows they believe in Bitcoin’s future!
📈 Bitcoin has faced many challenges, but it keeps bouncing back stronger. Just like us, it shows the power of never giving up! Remember, keep trying and stay strong!
💰 Dormant 2012 Bitcoin Wallet Awakens, Moves a Notable 1,000 BTC Worth $60 Million
An old BTC wallet established on Sept. 25, 2012, moved 1,000 BTC at block height 852,190, as discovered by btcparser.com. This activation coincided with BTC reaching the $60,000 range for the first time in nearly two weeks. The 1,000 BTC, worth slightly over $60 million, remained untouched for 11 years and nine months. On the day the BTC was acquired, it traded at $12.10 per coin.
💰 BlackRock CEO reiterates Bitcoin is ‘digital gold’ and a hedge against economic uncertainty
BlackRock CEO Larry Fink reaffirmed his supportive stance on Bitcoin, describing it as “digital gold” and emphasizing its potential as a key asset in diversified investment portfolios. Fink made the statement during a July 15 CNBC interview. His latest endorsement comes on the heels of BlackRock’s robust second-quarter earnings, which surpassed analysts’ expectations. The firm has reported record results for the first half of the year.
💰 Bitcoin futures volume peaks in March, declines in sync with price drop
Bitcoin futures volume on major exchanges shows varied trends throughout 2024. The Glassnode charts illustrate a significant shift in futures trading activity. From the start of the year, the volume fluctuated, peaking in early March with almost 1.2 million BTC traded daily. This peak coincided with Bitcoin’s price reaching over $70,000, suggesting a strong correlation between trading volume and price movements at the time.
❗️China plans to lift cryptocurrency ban in Q4 2024
В network is actively gaining views with posts about China's imminent lifting of the ban on cryptocurrencies. 🤓This event would open up a huge market for BTC."
❗️China plans to lift cryptocurrency ban in Q4 2024
В network is actively gaining views with posts about China's imminent lifting of the ban on cryptocurrencies. 🤓This event would open up a huge market for BTC."
💰 Bitcoin ETFs log over $300 million in net inflows to reach record level following six-day streak
Following a six-day streak of positive net inflows that began on July 5, U.S.-based spot bitcoin exchange-traded funds have set a new record for cumulative total net inflows: $15.81 billion, according to SoSoValue data. The funds have added over $1 billion in assets under management since the beginning of the six-day streak. Friday, the latest trading day, was also the most successful day for net inflows since June 5, with spot bitcoin ETFs logging $310 million in net inflows.
💰 Bitcoin ATM Scams on the Rise: North Carolina AG Issues Warning and Tips to Stay Safe
North Carolina Attorney General Josh Stein has issued a warning about bitcoin ATM scams, following numerous complaints. The alert outlines tips to avoid such scams, emphasizing caution with unsolicited requests for cryptocurrency payments, online relationships turning financial, verifying investment advice, and avoiding get-rich-quick schemes. Victims are urged to report scams to local law enforcement and the Consumer Protection Division.