The German government recently made headlines by selling off its entire Bitcoin holdings in just two weeks. This massive Bitcoin dump was attributed to the need to raise funds for criminal proceedings related to the seizure of digital assets from the infamous movie piracy website, movie2k. The government disclosed that the sale proceeds amounted to
Gains
Bitcoin has seen a recent recovery in its price after a period of bearish activity. With the current upward momentum, there is potential for the market to reach a new all-time high in the near future. On the daily chart, Bitcoin has found support at the $56K level and reclaimed the 200-day moving average around
Bitwise Asset Management’s Chief Investment Officer has made a bold prediction regarding the potential impact of Ethereum Exchange-Traded Products (ETPs) on the price of ether (ETH). According to the CIO, the introduction of ETPs could drive ETH prices to new all-time highs, surpassing the $5,000 mark by the end of the year. This forecast is
The recent announcement from crypto exchange OKX has sent shockwaves through the Nigerian crypto community. OKX has informed Nigerian clients that they have until Aug. 16 to close their positions, as the platform is ceasing operations in the African country due to local regulations. In a move that has left many users frustrated, OKX stated
XRP has been making significant strides in the cryptocurrency market recently, with a remarkable recovery that has seen gains of over 40% in the past week. This surge in price has been driven by a broader market recovery, demonstrating strong investor confidence and heightened trading activity. According to on-chain analytic platform Santiment, trader sentiment has
Australian computer scientist Craig Wright has long claimed to be the mysterious creator of Bitcoin, Satoshi Nakamoto. However, recent developments have brought these claims into question. A ruling in the COPA vs. Wright case revealed that Wright may face charges of perjury and forgery of documents for providing false testimony during the trial. Wright has
In recent days, Bitcoin has seen a significant price recovery, reaching a milestone of $66,000 for the first time in about a month. This comes after a period of extreme turbulence earlier in the month, which saw the price of the leading cryptocurrency drop to a three-month low of under $54,000 on July 5. However,
The price of Bitcoin surged to over $65,000, hitting a two-week peak after recovering from the July 5 crash. The cryptocurrency ended the volatile business week on a positive note, standing around $58,000. The weekend was expected to be less volatile until news of an attempted assassination against pro-crypto US presidential candidate, Donald Trump, caused
The US spot Bitcoin ETFs experienced a significant daily net inflow of $301 million on July 15th, marking their seventh consecutive day of gains amidst a broader market recovery. This surge in inflows was a positive sign for the ETF sector, as none of the ETFs recorded outflows for the day. According to data compiled
The recent news of the Spot Ethereum ETFs set to launch has sparked a surge in Ethereum’s price. Bloomberg analyst Eric Balchunas revealed that these ETFs could begin trading by July 23, leading to positive speculation and anticipation in the market. Expected Inflows and Predictions Crypto research firm K33 predicts that the Spot Ethereum ETFs