Top News

1. Vitalik Buterin deposited 200 $ETH ($530K) to #Kraken 9 hours ago.
Notably, this is his first $ETH deposit to a CEX in 2024.
2. U.S. Dollar Index $DXY is at its lowest level since January.
3. Morgan Stanley reports owning 5.5 million shares in BlackRock spot #Bitcoin ETF as of June 30 in SEC filing.
Morgan Stanley is now a top 5 holder of BlackRock's Bitcoin ETF.
4. Goldman Sachs now holds over $419 million worth of 🥇 Bitcoin ETFs as of June 30th, according to their new 13F filing.

While the #Bitcoin price is going down, the spot Bitcoin ETF inflows continue to go up 👀

The institutions are buying the dip.

$BTC Analysis

As updated last time $BTC slipped off the 62k area to 58k. The Bullish momentum after Powell's speech completely retracted and again entered a rangebound environment. Traders are in no hurry to be BULLISH without clarifying how many basis points the fed will cut the rates.

Right now #Bitcoin is finding support at August VWAP, lose that 56k lows will be swept. 63k is a key pivot for me to go Long or Short. The first sign of Bullish momentum regaining is acceptance back above 60k this week.

A new report from River, a Bitcoin fintech company, predicts that 10% of U.S.-based companies will convert 1.5% of their treasury reserves—equating to roughly $10.35 billion—into #Bitcoin over the next 18 months

Companies & institutions have grown their #Bitcoin holdings by 587% over the past four years — River Financial

Japanese public company Metaplanet stock performance after adopting the #Bitcoin strategy.

$MSTR is beating 100% of the S&P 500 with #Bitcoin

$MSTR alone now holds 1.3% of the total #Bitcoin supply

Global M2 hit an all-time high

Historically, #Bitcoin price follows

JUST IN: BlackRock has purchased 359,279 #Bitcoin worth over $23 billion since January 2024.

1% of #Bitcoin’s supply is now locked in DeFi, driven by growing demand for Bitcoin yield and Coinbase’s new Bitcoin-pegged token, $cbBTC

Almost 94% of #Bitcoin addresses are in profit

$1.6 Billion worth of #Bitcoin shorts will be liquidated at $70,000

Investors are selling #Bitcoin to buy #gold as geopolitical tensions spike

"Imagine trying to hedge against war by selling #Bitcoin to buy paper gold that you can’t move anywhere in the event of actual war."

- Samson Mow

Google has removed #Bitcoin💰 price and chart from its search results.

🚨 Tesla just moved all 11,509 $BTC (now worth $773M) to 7 new wallets after 2 years of dormancy! Likely just internal transfers, but still worth noting.

Elon Musk, a big #Bitcoin advocate, has said that BTC is his "safe word" and he’s holding strong on his Bitcoin, Ethereum, and Dogecoin.

Top Crypto News.

1. $800 billion Standard Chartered says #Bitcoin could hit a new ATH before the US election.

2. Trump Raises $7.5 Million in Cryptocurrencies.
Trump 47 committee has raised $7.5 million in #cryptocurrencies from July 1 to September 30, accepting BTC, ETH, XRP, USDT, and USDC.

BlackRock's spot #Bitcoin ETF bought $391.8 MILLION worth of Bitcoin yesterday.

NEW: 🇺🇸 US spot ETFs have reached a new all-time high with over 950K #Bitcoin in assets under management (AUM).Globally, Bitcoin ETPs now hold more than 1.2 million $BTC
for the first time ever.

Top Crypto News.

- Russian President Putin says the world is facing a turning point of no return.

- FBI arrests a man who posted the fake spot #Bitcoin ETF approval on the SEC X account in January.

-S&P 500 will plunge 26% next year warns Stifel.