🐳 Whales withdraw Bitcoin from exchanges. What's next?
Another signal that the bottom was reached was a change in the strategy of wallets with a balance from 1,000 to 10,000 BTC. They have started withdrawing the coins from the marketplaces, therefore, they do not plan to sell them right now.
According to Ali Martinez, about 40,000 Bitcoins have been withdrawn from exchanges. Over the week, the reserves of whale addresses increased by 30,000 BTC, and in total they accumulated 5.12 million coins. The Bitcoin exchange balance fell to 1.93 million BTC.
Whales 🐳 are now taking coins out to cold storage, reducing the risk of big movements in the coming days.
However, Martinez rules out the possibility of aggressive growth: as soon as Bitcoin hits 💵 $40,000, sales will begin.
Strong resistance is expected at 💵 $40,160. At this cost, 6.51 million addresses have purchased 3.32 million BTC and could well set up another reset.
#cryptonews #Whales #BTC
Another signal that the bottom was reached was a change in the strategy of wallets with a balance from 1,000 to 10,000 BTC. They have started withdrawing the coins from the marketplaces, therefore, they do not plan to sell them right now.
According to Ali Martinez, about 40,000 Bitcoins have been withdrawn from exchanges. Over the week, the reserves of whale addresses increased by 30,000 BTC, and in total they accumulated 5.12 million coins. The Bitcoin exchange balance fell to 1.93 million BTC.
Whales 🐳 are now taking coins out to cold storage, reducing the risk of big movements in the coming days.
However, Martinez rules out the possibility of aggressive growth: as soon as Bitcoin hits 💵 $40,000, sales will begin.
Strong resistance is expected at 💵 $40,160. At this cost, 6.51 million addresses have purchased 3.32 million BTC and could well set up another reset.
#cryptonews #Whales #BTC
Cybersecurity firm supports Bitcoin ‘mission,’ converts balance sheet to BTC
Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 2️⃣0️⃣ employees announced 📣 on Monday that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).”
The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.”
#cryptonews #BTC #security
Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 2️⃣0️⃣ employees announced 📣 on Monday that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).”
The group will also “start accepting Bitcoin payments for all of our services, with a 50% discount when paid in Bitcoin.”
#cryptonews #BTC #security
Not only people, but also big business chooses crypto 💰
In the first place🥇among those keeping part of their funds in bitcoins was the American analytical company MicroStrategy. As of 🗓 April 2022, it holds more than 129 thousand BTC. At the current exchange rate, this is almost 💵 $4 billion.
In second place🥈is Elon Musk's Tesla with 43.2 thousand BTC (more than 💵 $1 billion). In third place🥉is Marathon and 8.1 thousand BTC (about 💵 243 thousand dollars).
#cryptonews #BTC #companies
In the first place🥇among those keeping part of their funds in bitcoins was the American analytical company MicroStrategy. As of 🗓 April 2022, it holds more than 129 thousand BTC. At the current exchange rate, this is almost 💵 $4 billion.
In second place🥈is Elon Musk's Tesla with 43.2 thousand BTC (more than 💵 $1 billion). In third place🥉is Marathon and 8.1 thousand BTC (about 💵 243 thousand dollars).
#cryptonews #BTC #companies
Bitcoin (BTC) is Likely to be Adopted by 10% of the World’s Population by 2030
A research 🔬 conducted by Blockware Solutions showed that by 2️⃣0️⃣3️⃣0️⃣ at least 10% of the population will be using Bitcoin technology. According to the research 🔬, the quick adoption of Bitcoin will be accelerated by the internet and since Bitcoin integration has a direct monetary incentive, the adoption could go even quicker.
Bitcoin (BTC) might be similar to the internet in the game theory that people adopting the technology earlier will reap the most benefits.
Earlier this year, Gemini conducted a research showing that 🇮🇳, 🇭🇰 and 🇧🇷 are among the top countries to adopt Bitcoin (BTC), as nearly 50% of the interviewees claim to have plans of investing in crypto. Another analysis by Chainalysis said that crypto adoption has surged by an impressive 880% since summer 2️⃣0️⃣2️⃣0️⃣ to June 2️⃣0️⃣2️⃣1️⃣. Asia is also among the quickest adopters – 🇻🇳, 🇵🇰 and 🇮🇳 scoring the most.
#cryptonews #BTC #adoption
A research 🔬 conducted by Blockware Solutions showed that by 2️⃣0️⃣3️⃣0️⃣ at least 10% of the population will be using Bitcoin technology. According to the research 🔬, the quick adoption of Bitcoin will be accelerated by the internet and since Bitcoin integration has a direct monetary incentive, the adoption could go even quicker.
Bitcoin (BTC) might be similar to the internet in the game theory that people adopting the technology earlier will reap the most benefits.
Earlier this year, Gemini conducted a research showing that 🇮🇳, 🇭🇰 and 🇧🇷 are among the top countries to adopt Bitcoin (BTC), as nearly 50% of the interviewees claim to have plans of investing in crypto. Another analysis by Chainalysis said that crypto adoption has surged by an impressive 880% since summer 2️⃣0️⃣2️⃣0️⃣ to June 2️⃣0️⃣2️⃣1️⃣. Asia is also among the quickest adopters – 🇻🇳, 🇵🇰 and 🇮🇳 scoring the most.
#cryptonews #BTC #adoption
🐋 Whalemap: BTC has broken through key realized price supports that are likely to become resistance now.
$13,331 — new immediate support.
#cryptonews #BTC
$13,331 — new immediate support.
#cryptonews #BTC
🇸🇻 El Salvador can buy more BTC on the fall!
In response to the post that the floating loss of their position does not exceed 0.5% of the state budget of the country, President Bukele wrote ✍️: "So you are telling me that we should buy more bitcoins?"
Will you follow its lead?
#cryptonews #BTC #ElSalvador
In response to the post that the floating loss of their position does not exceed 0.5% of the state budget of the country, President Bukele wrote ✍️: "So you are telling me that we should buy more bitcoins?"
Will you follow its lead?
#cryptonews #BTC #ElSalvador
BTC decreased below 💵 19k $
Public attitude to BTC is prolonged being negative for more than 5 weeks 😰
#cryptonews #BTC #price
Public attitude to BTC is prolonged being negative for more than 5 weeks 😰
#cryptonews #BTC #price
🧐 Binance's 🔝 five public BTC addresses hold ~ 650,000 BTC. Over the last week, 58,500 BTC have been added to these addresses.
#cryptonews #BTC
#cryptonews #BTC
Marathon Digital keeps on mining despite BTC price slump
Despite data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says 🗣 it will continue working to accumulate the leading crypto asset.
Charlie Schumacher, VP of Corporate Communications at Marathon Digital told on 🗓 June 15 that while the company “isn’t immune to the macro environment,” it is “fairly well insulated and well-positioned” to weather the current downturn, due to the low cost of operations and fixed pricing for power💪
#cryptonews #BTC #mining
Despite data showing that the Bitcoin (BTC) price may have fallen to the point of being unprofitable for the average miner, Marathon Digital Holdings says 🗣 it will continue working to accumulate the leading crypto asset.
Charlie Schumacher, VP of Corporate Communications at Marathon Digital told on 🗓 June 15 that while the company “isn’t immune to the macro environment,” it is “fairly well insulated and well-positioned” to weather the current downturn, due to the low cost of operations and fixed pricing for power💪
#cryptonews #BTC #mining
💬 President of Euro Pacific Capital Peter Schiff said that the collapse of the cryptocurrency market is good for the economy. He also added that even if digital assets have a future, bitcoin will never be part of it.
🗣 “Many people in the industry say this crash is a healthy shake-up. I agree that this is useful, but not for cryptocurrencies. This industry as we know it is dead, which is extremely beneficial for the economy. Cryptocurrencies probably have a future, but Bitcoin will not be part of it,” he ✍️
📣 Lolli communications specialist Aubrey Strobel responded to Schiff with an ironic picture hinting at the age of the president of Euro Pacific Capital.
#cryptonews #PeterSchiff #BTC #future
🗣 “Many people in the industry say this crash is a healthy shake-up. I agree that this is useful, but not for cryptocurrencies. This industry as we know it is dead, which is extremely beneficial for the economy. Cryptocurrencies probably have a future, but Bitcoin will not be part of it,” he ✍️
📣 Lolli communications specialist Aubrey Strobel responded to Schiff with an ironic picture hinting at the age of the president of Euro Pacific Capital.
#cryptonews #PeterSchiff #BTC #future
Bitcoin is close to closing the worst quarter in history, analysts at Arcane Research noted📝
#cryptonews #BTC #ArcaneResearch
#cryptonews #BTC #ArcaneResearch
🌊 Most Bitcoin Cyclical Indicators Show Signs of a Bottom
However, this is not a guarantee, besides, it may take some time for the formation of the bottom and shorting in this case would not be the best idea.
#cryptonews #BTC
However, this is not a guarantee, besides, it may take some time for the formation of the bottom and shorting in this case would not be the best idea.
#cryptonews #BTC
👉🏻BTC holders for a period of 3 to 5 years suddenly started selling their holdings.
It is noteworthy that strong sales did not begin during the panic and fall of BTC to 💵 $17,700, but only after, on a rebound to 💵 $21,500.
#cryptonews #BTC
It is noteworthy that strong sales did not begin during the panic and fall of BTC to 💵 $17,700, but only after, on a rebound to 💵 $21,500.
#cryptonews #BTC
The number of lost Bitcoins reached 4.5 million
🧐The total supply of Bitcoins is limited to 21 million. However, the circulating supply of BTC will never reach this mark, as some of them have already been lost or “burnt”.
#cryptonews #BTC
🧐The total supply of Bitcoins is limited to 21 million. However, the circulating supply of BTC will never reach this mark, as some of them have already been lost or “burnt”.
#cryptonews #BTC
👀 A few hours ago > 11000 BTC were transferred from BitFinex to the spot exchange and most of it to Coinbase.
#cryptonews #BTC #Coinbase #BitFinex
#cryptonews #BTC #Coinbase #BitFinex
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
👉Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.
👉In a statement issued Friday, Tether explained that its lending arrangement with Celsius prevented any downside risk to its underlying business. Specifically, the BTC-denominated loan issued to Celsius was overcollateralized by 130%, and the original agreement allowed Tether to liquidate the collateral to cover the loan.
#cryptonews #BTC #Tether #Celsius
👉Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.
👉In a statement issued Friday, Tether explained that its lending arrangement with Celsius prevented any downside risk to its underlying business. Specifically, the BTC-denominated loan issued to Celsius was overcollateralized by 130%, and the original agreement allowed Tether to liquidate the collateral to cover the loan.
#cryptonews #BTC #Tether #Celsius
Whales are actively accumulating BTC in July
Since the beginning of the month, the wallets of Bitcoin whales 🐳 (which have 10K+ coins) have been replenished with 212K BTC. On the chart, this is represented as bubbles: the larger the bubble, the more coins were transferred to wallets per day. The maximum inflows were recorded 🗓 July 06 - 56.8K BTC and 🗓 July 9 - 55.2K BTC.
What this can mean: whales 🐳 purchase at nice prices, withdraw from the exchanges and send to the hold until better times.
#cryptonews #BTC #whales
Since the beginning of the month, the wallets of Bitcoin whales 🐳 (which have 10K+ coins) have been replenished with 212K BTC. On the chart, this is represented as bubbles: the larger the bubble, the more coins were transferred to wallets per day. The maximum inflows were recorded 🗓 July 06 - 56.8K BTC and 🗓 July 9 - 55.2K BTC.
What this can mean: whales 🐳 purchase at nice prices, withdraw from the exchanges and send to the hold until better times.
#cryptonews #BTC #whales
💰Bitcoin is positive
BTC social sentiment is showing a high level of optimism as we approach the next FRS meeting.
The ideal situation would be if the crowd remains skeptical as prices rise ⬆️ with a little resistance.
#cryptonews #btc
BTC social sentiment is showing a high level of optimism as we approach the next FRS meeting.
The ideal situation would be if the crowd remains skeptical as prices rise ⬆️ with a little resistance.
#cryptonews #btc
Bitcoin is down about 70% from its all-time high.
🤔 The price movement looks bleak and we have clearly had an unsustainable rise over the past year.
#cryptonews #BTC
🤔 The price movement looks bleak and we have clearly had an unsustainable rise over the past year.
#cryptonews #BTC