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110xResearch: Is The Bitcoin Trump Pump Sustainable?2German and US governments move millions in Bitcoin and Ethereum3Solana to become the third-largest crypto in the world this year
Bitfarms mined 21% more Bitcoin in June amid Riot takeover attempts
Cointelegraph·2024/07/02 00:04
Cryptocurrency jumps 400% after news of 'Roaring Kitty' involvement
Cryptodnes·2024/07/01 22:43
What’s behind today’s Ethereum rally?
Share link:In this post: Ethereum has surged over 2%, reclaiming $3,400 due to hype around spot Ethereum ETFs. The VWAP aligns closely with the price, showing strong buying activity today and a weak bearish momentum. On-chain data shows increased investor value appreciation and reduced selling pressure.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent res
Cryptopolitan·2024/07/01 22:31
The Reason Ethereum Name Service (ENS) Exploded by 20% Today
ENS has surged over 20% in the last 24 hours, reaching a price point not seen since January 2022, reflecting renewed investor interest.
Cryptopotato·2024/07/01 20:43
K-Pop ETF $KPOP Down 25% with Only $2M in Assets – Surprising It's Still Open
Bitget·2024/07/01 20:39
Shiba Inu (SHIB) vs. Ethereum: Analysts Explore Potential for 40x Gains
Coinedition·2024/07/01 16:58
VeChain (VET) Surges 11% in a Week: Analysts Predict Further Gains
Coinedition·2024/07/01 16:58
XRP Ledger: A New Frontier for Precious Metals Tokenization?
Coinedition·2024/07/01 16:58
July could propel Solana to third-largest crypto by market cap, says Zeta Markets Founder
Cryptobriefing·2024/07/01 16:03
Is Ethereum (ETH) on the Verge of a Price Correction?
Newscrypto·2024/07/01 15:55
Flash
- 03:36Bitwise BITB's circulating shares break through 700 millionBitwise's official data shows that the circulation of its spot Bitcoin exchange fund BITB has exceeded 700 million shares, currently reaching 70,050,000 shares. In addition, as of July 1st, BITB's holdings reached 38,178.29 Bitcoins with a market value of $2,416,860,750.58.
- 03:35The US spot Bitcoin ETF had a net inflow of $128 million yesterdayAccording to TraderT data monitoring, on July 1st, the net inflow of Fidelity's FBTC Bitcoin spot ETF in the United States was $65 million, ARK 21 Shares' ARKB was $13 million, VanEck HODL was $5 million, Franklin Templeton's EZBC was $2 million, Invesco's BTCO was $3 million and Grayscale GBTC had no net inflow. In addition, Bitwise BITB had a net inflow of $40 million yesterday. Based on current data, the total net inflow for US Bitcoin spot ETFs yesterday amounted to $128 million.
- 03:34CNBC: Most analysts believe that the sell-off related to Mt.Gox is controllable and short-livedAs we enter July, it is expected that in a few days Mt. Gox will begin repaying nearly $9 billion worth of cryptocurrency to thousands of users. As of Monday, the price of Bitcoin remained in the range of $62,000, which means that Mt.Gox users who chose to receive compensation in kind have seen the value of their potential compensation soar by more than 10,000% over the past decade. However, most analysts believe that the impact related to Mt.Gox's sell-off is controllable and short-lived: 1. OKX Chief Business Officer Lennix Lai stated that many early users and creditors of Mt. Gox are long-term Bitcoin enthusiasts who are unlikely to immediately sell all their Bitcoins.2. CoinShares Research Director James Butterfill said one possible reason for Bitcoin's recent price drop could be new interest rate forecasts from the Federal Reserve; this year Bitcoin has maintained a daily trading volume on credible exchanges at $87.4 billion indicating liquidity sufficient enough to absorb any potential summer sell-offs from Mt.Gox.3. CCData research analyst Jacob Joseph also believes that market can fully absorb selling pressure; a large portion of creditors may write off 10% off their bonds in order to get paid earlier instead having all bonds liquidated on open market.4. Galaxy Digital Research Director Alex Thorn pointed out that final number bitcoins compensated by Mt.Gox will be less than people imagine meaning selling pressure would be smaller than market expectations.5. Gemini APAC Consumer Growth Head Vijay Ayyar suggested overall impact from payment event might "dissipate" given diverse recipients as "large amount" bitcoin would actually go into claim fund pool.