Auto Added by WPeMatico

Dave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’

Dave Portnoy, founder and owner of Barstool Sports, has recommended that investors focus on bitcoin for their crypto investments. “I’ve learned that the hard way,” he said, reflecting on lessons…

Continue ReadingDave Portnoy’s Crypto Advice: Stick to Bitcoin — Says ‘I’ve Learned That the Hard Way’

Tokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase. Following the company’s disclosure on June 24…

Continue ReadingTokyo Stock Exchange-Listed Metaplanet Boosts Bitcoin Holdings

Digital Assets See Outflows for 3rd Consecutive Week

Coinshares reported consecutive weekly outflows in digital asset investment products, totaling $30 million. Ethereum faced its worst year-to-date net flows with $61 million in outflows, while multi-asset and bitcoin ETPs…

Continue ReadingDigital Assets See Outflows for 3rd Consecutive Week

Bitcoin Bulls Advance Price, Face Resistance at $64K

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading…

Continue ReadingBitcoin Bulls Advance Price, Face Resistance at $64K

NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May

Although non-fungible token (NFT) markets showed improved performance over the past week, June’s sales figures were significantly worse compared to May. Over the last 30 days, NFT sales have decreased…

Continue ReadingNFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May

Bitcoin Miners’ June Revenue Dips Slightly Below May

The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second…

Continue ReadingBitcoin Miners’ June Revenue Dips Slightly Below May

Crypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains

On Monday, July 1, 2024, the overall crypto economy rose by 2.31%, reaching a total value of $2.31 trillion. Bitcoin increased by 2.8% this week, and ethereum climbed 4.8%, while…

Continue ReadingCrypto Market Bounces Back, Mog Coin and ENS See Double-Digit 7 Day Gains

Tidal Investments Proposes Bitcoin and Gold ETF to Mitigate Market Volatility

Tidal Investments has announced a proposal for an actively-managed exchange-traded fund (ETF) that combines investments in bitcoin and gold. This fund aims to provide long-term capital appreciation while mitigating short-term…

Continue ReadingTidal Investments Proposes Bitcoin and Gold ETF to Mitigate Market Volatility

Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance

Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade…

Continue ReadingBitcoin Technical Analysis: BTC Bulls Test Upper Resistance