💰 Bitcoin ETF outflows hit $200 million ahead of FOMC meeting

US spot Bitcoin exchange-traded funds (ETFs) experienced a second straight day of outflows for the second day this week after ending their 19-day inflow streak on June 10. Grayscale’s GBTC led the outflows with $121 million, raising its total outflows to $18.03 billion. Ark Invest’s ARKB followed with nearly $57 million in net outflows. Bitwise’s BITB reported approximately $12 million in outflows, while Fidelity and VanEck saw smaller net outflows of $7.4 million and $3.8 million, respectively.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin’s liquid supply decreasing while illiquid confidence grows

Bitcoin’s liquid and illiquid supplies are very interesting and useful metrics for understanding market trends. Liquid supply refers to the amount of Bitcoin readily available for trading, meaning it is held in wallets that frequently engage in transactions. Highly liquid supply, a subset, denotes Bitcoin that moves even more frequently, often used by traders.

Source

https://t.me/Bitcoin_Magazine

💰 MicroStrategy issues $500M in convertible notes to buy more Bitcoin

MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions. This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments. As of June 13, MicroStrategy holds more than 1% of BTC’s circulating supply, equivalent to 214,400 BTC, valued at approximately $15 billion.

Source

https://t.me/Bitcoin_Magazine

💰 Traders: Bitcoin price needs “fresh all-time highs” to end pump-and-dump cycles

Bitcoin bears have been selling on every rally over the last few months, and analysts believe that a liquidity boost fueled by BTC’s “fresh all-time highs” will help break the cycle. “Market is in need of a big liquidity boost,” pseudonymous crypto trader Daan Crypto Trades wrote in a June 13 post on the X social media network. The trader’s sentiments appear to have been informed by Bitcoin’s “whipsaw” price action as it consolidates within a wide range, stretching from $66,500 to $72,000.

Source

https://t.me/Bitcoin_Magazine

💰 Brazil, Germany, and Turkey have seen a surge in Bitcoin searches, at times even surpassing the USA

https://t.me/Bitcoin_Magazine

💰 Bernstein analysts raise bitcoin price target to $200,000 by end of 2025

Analysts at research and brokerage firm Bernstein have raised their price target for bitcoin to $200,000 from $150,000 by the end of 2025. The target is driven by expectations of unpreceded demand via spot bitcoin exchange-traded funds run by some of the world’s leading asset managers, such as BlackRock, Fidelity and Franklin Templeton, reaching around $190 billion in assets under management compared to $60 billion today, Gautam Chhugani and Mahika Sapra wrote in a note to clients.

Source

https://t.me/Bitcoin_Magazine

💰 NiceHash and Marathon partner to launch new firmware for miners

NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform. The new product, NiceHash Firmware, will leverage Marathon’s technology to enhance the efficiency and revenue of Bitcoin miners using ASIC devices. Miners who adopt this firmware will benefit from a low fee of 2%, which drops to 1.4% if they use NiceHash as their primary mining pool.

Source

https://t.me/Bitcoin_Magazine

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💰 Bitcoin Miners Are Selling Again: CryptoQuant

Bitcoin (BTC) has fallen 4.5% in the past seven days, going to a monthly low of $65,000. This plunge in the digital asset’s value could be linked to increased selling from mining entities. In the latest CryptoQuant weekly report, analysts revealed that the number of BTC sent from Bitcoin mining entities to exchanges has reached a two-month high amid a decline in their revenues due to lower transaction fees.

Source

https://t.me/Bitcoin_Magazine

💰 U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan

The total market cap of the 14 U.S.-listed bitcoin (BTC) miners followed by JPMorgan hit a record high of $22.8 billion on June 15, the Wall Street bank said in a research report on Monday. The bank noted that almost all the companies outperformed bitcoin in the first two weeks of June, with Core Scientific (CORZ) the best performer, adding 117%, and Argo Blockchain (ARBK) the worst, dropping 7%. The world’s largest cryptocurrency fell 3% in the same period.

Source

https://t.me/Bitcoin_Magazine

💰 Financial Advisors Wary of Investing in Spot Bitcoin ETFs, BlackRock Exec Says

Cohen cites Bitcoin’s volatility and the nascent stage of spot ETFs as key reasons for financial advisors’ skepticism. BlackRock’s chief investment officer for index investments, Samara Cohen, recently implied that amidst the recent success of spot Bitcoin exchange-traded funds, financial investors still exercise some degree of caution when investing. The volatility and infancy of Bitcoin and related exchange-traded funds are the primary drivers behind this investment class’s slow adoption.

Source

https://t.me/Bitcoin_Magazine

💰 US-listed Bitcoin miners hit record $22.8 billion market cap amid stock surge

Publically traded Bitcoin mining companies in the US briefly reached a combined market cap of $22.8 billion on June 15 amid a surge in their stock price during June. According to a recent analysis by JP Morgan, the growth is driven by an increase in network hashrate share and diversification into artificial intelligence (AI) data center ventures.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin long-term holders’ supply in profit holds above 14 million BTC

Bitcoin’s long-term holders demonstrate resilience with a significant portion of the total supply in profit, even amidst price fluctuations. This trend suggests strong market confidence, as long-term holders tend to maintain their positions regardless of short-term market volatility. Recent data from Glassnode shows that the total supply of profit held by long-term holders has seen a steady increase, signaling robust market confidence.

Source

https://t.me/Bitcoin_Magazine

🥇 Bernstein predicts spot Bitcoin ETFs near approval at major wirehouses; maintains $200,000 target by 2025 end

While bitcoin bears argue the spot Bitcoin exchange-traded fund trade is “done,” they are missing two key factors, according to analysts at research and brokerage firm Bernstein. Arguments against the Bitcoin ETF trade revolve around early allocations being driven by retail investors, with institutional involvement confined to the basis “cash and carry” trade rather than net long positions, meaning the ETF flows are not “real,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant

Long-term bitcoin holders and miners were among the biggest sellers of the asset in the past two weeks and show few signs of renewed demand, on-chain analysis firm CryptoQuant said in a Wednesday report shared with CoinDesk. Wallets tracked by CryptoQuant show whales – a colloquial term for large holders of any token – sold over $1.2 billion worth of BTC in the past two weeks, likely using brokers instead of on the open market.

Source

https://t.me/Bitcoin_Magazine

🥇 MicroStrategy buys additional 11,931 bitcoin for $786 million

Business intelligence firm and corporate bitcoin holder MicroStrategy acquired an additional 11,931 for approximately $786 million at an average price of $65,883 per bitcoin between April 27 and June 19, according to a filing on Thursday. The company now holds 226,331 BTC, worth roughly $14.9 billion. MicroStrategy’s total holdings were bought at an average price of $36,798 per bitcoin, a cost of around $8.33 billion, inclusive of fees and expenses, according to the company's founder and executive chairman Michael Saylor.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin liquidations spike as price drops below the $64,000

Bitcoin long liquidations have spiked to over $27 million in the past day after a price correction saw the largest digital asset by market hover around $63,600. In the past 24 hours, $33.85 million in bitcoin positions were liquidated, and over $132 million in the wider cryptocurrency market was liquidated in the same period. Of these combined crypto liquidations, the vast majority — around $105 million — were long positions, according to Coinglass data.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin dips below short-term holder realized price, sparking $60K fears

Bitcoin recently fell below $64,000, breaking its short-term holder realized price and signaling a possible further decline to levels unseen in 49 days, according to cryptocurrency analysis firm CryptoQuant. “Bitcoin is trading below the critical support level of $65.8K, now below $64K,” CryptoQuant wrote in a June 21 X post. On June 22, Bitcoin’s recent decline saw it drop 2% to $63,442, falling below the short-term holder realized price (STH-RP) at the time, which was $64,230, according to LookIntoBitcoin data.

Source

https://t.me/Bitcoin_Magazine

💰 Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K

Bitcoin’s price is currently struggling, but some analysts remain optimistic. It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 – a point that was last observed about a month ago. The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoin’s price.

Source

https://t.me/Bitcoin_Magazine

💰 Twitter founder Jack Dorsey gives presentation in Italy on how Bitcoin is permission-less freedom money 🇮🇹

“It could potentially be a compliment or replace the US dollar, which rules everything.”

- Jack Dorsey

https://t.me/Bitcoin_Magazine