- The wallet associated with the German Federal Criminal Police Office (BKA) moved 5,103.5 BTC during the European hours, according to Arkham Intelligence.BTC held largely steady amid Germany’s continued divestment of coins.
Currently, the first cryptocurrency in terms of market capitalization was priced at $58,470 during our report’s compilation, representing a 1.6% decrease from its peak value of $59,450, attained at 1:06 UTC, based on CoinDesk’s monitored data.
As a researcher, I’ve come across an intriguing piece of news from CoinDesk published on Tuesday. According to their report, the German state of Saxony has been transferring bitcoin recently following established procedures.
Based on the consistent trend in pricing, it appears that the market is gradually growing accustomed to the divestment and possible sell-offs by Mt. Gox creditors.
In an email, Valentin Fournier, BRN’s analyst, expressed his perspective: The market appears to be growing less apprehensive towards the outflows from Mt. Gox and the German government. Notably, there has been a surge in investments into Bitcoin spot ETFs recently, suggesting a potential shift in trend. This notion is reinforced by the Relative Strength Index (RSI), which indicates that the oversold level we previously identified was seized upon by investors as a buying opportunity.
Expecting favorable news from Thursday’s U.S. CPI report, but the Fed is likely to postpone rate reductions until September. Hawkish remarks following a robust PCE reading on June 28 could cause markets to react as if inflation isn’t waning. As such, consider booking profits before the week’s close, which may be volatile.
Despite some current uncertainties, the overall perspective stays favorable as key economies experience growth phases and tech stocks continue to enjoy heightened investor enthusiasm in established markets.
Read More
- CKB PREDICTION. CKB cryptocurrency
- EUR INR PREDICTION
- PENDLE PREDICTION. PENDLE cryptocurrency
- TANK PREDICTION. TANK cryptocurrency
- USD DKK PREDICTION
- IMX PREDICTION. IMX cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- PBX PREDICTION. PBX cryptocurrency
- W PREDICTION. W cryptocurrency
- GEAR PREDICTION. GEAR cryptocurrency
2024-07-10 13:43