🔸️ Bitcoin News

💰 Bitcoin ETFs see largest inflow since June 5 at $294 million According to Farside data, Bitcoin ETFs experienced a significant surge in inflows on July 8, marking the largest influx since June 5. The total net inflow was $294.8 million. Leading the charge was BlackRock’s IBIT, which recorded an impressive $187.2 million inflow, the largest since June 6. This substantial addition brings BlackRock’s total net inflow to a remarkable $17.9 billion. Fidelity’s FBTC also saw a significant boost, with $61.5 million added, increasing its total net inflow to $9.4 billion. Source @BitcoinAltcoinCryptoNews

📊 Cryptocurrency is growing. Bitcoin has gained 4% over the past 24 hours, Ethereum has gained 6%, and altcoins from the top 100 have grown more significantly. 📈 Growth leaders: BONK +24%, TIA +20%, SEI +17%, PEPE +15%, ENA +13%. There are no falling assets. Fear and greed index 27. 🤝 @Cryptocurrency_Inside ✅

🏦 Coinbase Ventures invests in Ampleforth's flatcoin technology, SPOT launches on Base Coinbase Ventures, the corporate venture capital arm of crypto exchange Coinbase, has invested $1 million in a strategic funding round for Ampleforth Foundation’s decentralized low-volatility commodity money, SPOT. “SPOT is the culmination of five years of research and development by our team, and it fulfills our vision for using blockchain technologies to create a ‘better money’ rather than replicating dollars onchain,” Fragments CEO Evan Kuo said in a statement shared with The Block. Source @BitcoinAltcoinCryptoNews

💰 Bitcoin’s price drop created $441 million buying frenzy for crypto investment products Bitcoin’s recent price struggles presented investors with “buying opportunities,” resulting in the inflow of $441 million into crypto-related investment products, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, explained that digital assets experienced heavy volatility last week due to selling pressures from the German government and news of defunct Mt. Gox’s repayments. Source @BitcoinAltcoinCryptoNews

💰 Two More Sleeping Bitcoin Addresses Wake From Slumber, Moving 1,045 BTC Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April 1, 2016, transferred 895.11 BTC, valued at $51.3 million. Source @BitcoinAltcoinCryptoNews

💰 Bitcoin ETFs score highest net inflows in 30 days amid volatility from Mt. Gox unlocks Despite the price of bitcoin falling as low as $54,000 in recent days, down about 25% from its peak above $73,000 in March, spot bitcoin ETFs had their strongest day of inflows for a month on July 5, gaining $143 million in total. Four out of the 11 top spot bitcoin ETFs saw inflows which added up to over 3,000, worth about $172 million at current prices, with about 80% of that sum going to Fidelity's FBTC fund. The ETF offerings from Bitwise (BITB), Ark 21Shares (ARKB), and VanEck (HODL) drew the remainder of the inflows, while Grayscale's GBTC saw 500 BTC of outflow, worth about $29 million, according to Coinglass data. Source @BitcoinAltcoinCryptoNews

💰 Bitcoin traders eye Trump victory as potential market boost – FT Former President Donald Trump’s potential return to the White House is expected to trigger a significant surge in Bitcoin’s value, the Financial Times reported July 5, citing various analysts. According to the FT, the concept of a “Trump trade” is increasingly gaining traction among crypto traders due to the former President’s “perceived pro-crypto stance and policies.”. Source @BitcoinAltcoinCryptoNews

💰 Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers were conducted earlier on July 4. The trustee had previously announced that distributions would commence in July, though the specific date remains unspecified. The new wallet now ranks as the 19th largest BTC wallet globally in terms of total holdings. Source @BitcoinAltcoinCryptoNews

💰 Justin Sun eyes $2.3 billion German Bitcoin stash despite community skepticism Justin Sun claims to be interested in buying the German government’s extensive Bitcoin stash, estimated to be valued at $2.3 billion. Last month, the government began divesting some of these assets via centralized exchanges like Coinbase, Bitstamp, and Kraken. As of press time, it had sold the Bitcoin to a balance of 40,359 BTC, worth $2.3 billion, according to the Arkham Intelligence dashboard. Source @BitcoinAltcoinCryptoNews

💰 Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant Bitcoin (BTC) miners are showing signs of capitulation, an event that is typically tied to a market bottom after the world's largest cryptocurrency endured a 13% plight over the past 30 days. Bitcoin is currently trading at $60,300 after sliding by 3% on Wednesday. This level has acted as a critical support since April, with bitcoin bouncing three times from this region before heading back towards the $70,000 mark. Source @BitcoinAltcoinCryptoNews