Crypto news

Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K Bitcoin’s fear and greed index has tumbled to “extreme fear” for the first time since January 2023, as BTC struggles to reclaim a crucial price level. Crypto currency news

Approximately 46% of all assets deposited from Ethereum's main layer have been moved using the Arbitrum L2 network. As a result, Arbitrum remains the dominant L2 blockchain. 👀 🌎Crypto news

🚀 Bitwise CIO Predicts Bitcoin to Hit $100K by Year-End! 📈 Matt Hougan of Bitwise outlines key factors driving Bitcoin's potential surge: ▪️Spot Bitcoin ETFs: Over $15B net inflows since January. ▪️Bitcoin Halving: April's supply reduction to boost prices. ▪️Spot Ethereum ETFs: Expected $15B net inflows in 18 months. ▪️Political Shifts: Pro-crypto super PACs and GOP support. ▪️Fed Rate Cuts: Predicted by year-end, favorable for crypto. 👀 Short-term hurdles include Mt. Gox distributions and government bitcoin sales, but Hougan sees these as temporary. He believes the right mix of developments could push Bitcoin to $100K and Ether to new highs. 🌟 Crypto news

📈 On July 10, inflows into spot Bitcoin ETFs amounted to $147.4 million, marking a positive trend for the fourth consecutive day. Crypto news

The crypto market sees green across the board as Bitcoin reclaims the $59K level after trading as low as $54,092 last week. 📈 In the past 24 hours, Bitcoin has increased by 3.2%, and Ethereum is up 1.3%. Altcoins like Solana and Toncoin are also experiencing similar gains, with the total crypto market cap now standing at $2.27T. Initial reactions on X suggest that whales have been buying 47,000 Bitcoins at an average price of $57K Crypto news

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. 🌎Crypto news

🇩🇪 The German government has transferred another 400 BTC ($25.2 million) to the crypto exchanges Bitstamp, Coinbase, and Kraken. – Arkham German authorities have deposited 2700 BTC ($170 million) to exchanges in the past two weeks. 🧐 Crypto news

😎ANALYSIS BTC/USDT Bitcoin has recently declined following the breakdown of a symmetrical triangle pattern. It is currently trading above a key horizontal demand zone. The next significant support level is around the $52,000 mark, where a potential bounce can be anticipated. Crypto news

Current situation of Bitcoin Hello, here's the most important news for this morning: 💸 The price of BTC has dropped below $59,000. As BTC lost a crucial support at the $60,000 level, the next support is around $57,000. 💥 The decline in price occurred due to the closure of leveraged long positions worth millions of dollars. Additionally, over the last three hours, one of the major BTC whales deposited an additional 1,800 BTC ($106 million) into Binance. 💥 Yesterday, net outflows from BTC spot ETFs amounted to -$20.5 million, while the day before saw outflows of -$13.7 million. ⚡️Bitwise has filed an updated S-1 application for an ETH ETF a few days before the deadline set for July 8, potentially launching the product on the market as early as next week, according to BBG analysts. Crypto news

📉 Bitcoin continued its decline - overnight, at one point, the cryptocurrency's price dropped below $58,000. Over the past day, traders' positions worth $262 million have been liquidated. 🪓🩸 👀 But here's the interesting part. On June 24, when Bitcoin last dropped below $60,000 (and did not fall below $58,000 at that time), the Fear & Greed Index plummeted to 30, an extremely low value. Currently, the index stands at 44, still in the fear zone, but the market is now more confident, which is somewhat surprising, especially considering the massive movements of Bitcoin, possibly indicating rapid compensation payments to victims of the Mt.Gox hack. 🤔 Crypto news