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[ad_1] Bitcoin's (BTC) month-to-date chart is very bearish and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bull’s current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story because professional traders are still extremely skeptical.BTC-USD 12-hour price at Kraken. Source: TradingViewIt’s important to remember that the S&P 500 index dropped 11% in June and even multi-billion companies
[ad_1] The number of Bitcoin wallets containing one or more BTC over the past week increased by 13,091 and the total number of ‘wholecoiners’ also recorded an additional 865,254 wallets. Although Bitcoin experienced a down price action, the number of whole coiners increased drastically. Since May 10, the market price of bitcoin has plummeted. However, over the last ten days, more than 14,000 whole coiners have joined the market.
[ad_1] Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in early capital to support its development throughout the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO, and several other investors participated in the preliminary round of funding. Users can use Astaria to generate instant liquidity by putting up their NFTs as collateral. According to Justin Bram,
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[ad_1] According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting the power supply to all of the country's licensed crypto mining firms by the beginning of July.Citing an anticipated electricity deficit from the peak-summer season, Mashhadi stated, "There are currently 118 authorized [digital currency] extraction centers in the country, which must cut off
[ad_1] Canada's Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto's most-experienced investors.Purpose Bitcoin ETF has 51% of AUM slashedThe fund's holdings dropped from $47,818 BTC to 23,307 BTC between June 16 and 17, its lowest level since October 2021. The 51% drop in BTC holding is also the biggest daily outflow ever.Purpose Bitcoin
[ad_1] Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency. “I'm going to be watching for regulation developments, just signifying that Bitcoin is a digital property and that maybe there's more fair accounting that can be done to allow institutions to invest", she
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