Author: CryptooTimes
The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip.
Obol Labs says the collective includes more than 50 staking protocols, client teams, software tools, education and community projects, professional node operators, home operators and stakers. Early participants in the collective include EigenLayer, Lido, Figment, Bitcoin Suisse, Nethermind, Blockdaemon, Chorus One, DappNode and ETH Stakers.
XRP, the native token of Ripple’s open-source XRP Ledger, displays positive technical signals despite recent volatility in the broader crypto market. The cryptocurrency exhibits relative strength compared to Bitcoin, and short-term price forecasts suggest potential upward movement. Over the past 24 hours, Ripple (XRP) has increased in price by 4.3%. Analyzing XRP’s technical indicators reveals a mixed picture, with some positive signs. The 5-day and 20-day moving averages have formed a bullish crossover, suggesting potential upward momentum. However, bearish crossovers are evident between the 20-day and 50-day moving averages and the 50-day and 200-day moving averages. The 14-day Relative Strength…
Roaring Kitty fraud lawsuit voluntarily dropped, Ethereum Foundation email server hacked, and Circle becomes first MiCA-compliant stablecoin issuer.
The impending repayments, which include 140,000 BTC ($7.73 billion), 143,000 BCH, and the Japanese yen, were announced last month. Since then, traders have been worried that creditors who have patiently waited for reimbursements for a decade will immediately sell upon receiving coins, creating mass selling pressure in the market. Note that BTC was trading at roughly $600 when the exchange was hacked in 2014, and today, it is worth over $55,000.
Spot Bitcoin ETFs, or exchange-traded funds, experienced their highest inflows on July 6 following a substantial price drop in Bitcoin, below $55,000, during the U.S. July Fourth holiday. The latest data shows an influx of $143.1 million into these investment vehicles. Fidelity Bitcoin ETF (FBTC) is leading the charge, attracting $117 million. Close behind, the Bitwise Bitcoin ETF (BITB) saw $30.2 million in inflows, contributing to its impressive growth in holdings, now over 38,000 Bitcoins. Bitcoin ETF Flow (US$ million) – 2024-07-05TOTAL NET FLOW: 143.1(Provisional data)IBIT: 0FBTC: 117.4BITB: 30.2ARKB: 11.3BTCO: 0EZBC: 0BRRR: 0HODL: 12.8BTCW: 0GBTC: -28.6DEFI: 0For all the data…
The drop in mining difficulty should spell relief for the largest mining firms.
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Mantra (OM) is up over 8% in the past 24 hours, amid broader crypto market volatility. Mantra’s bullish momentum The Relative Strength Index (RSI) indicates upward price movement in the neutral zone, suggesting potential without being overbought. Additionally, the Moving Average Convergence Divergence (MACD) has signaled bullish sentiment as the signal line crosses above the MACD line. Market sentiment surrounding Mantra remains positive, highlighted by a 7.9% surge in 24-hour trading volume, totaling over $50 million in OM tokens traded. This uptick underscores increasing investor confidence in the project’s growth prospects. OM’s technical data signals further price increases for the…
The peer-to-peer payments company aims to grow Web3 beyond its current crypto-native audience.
