Auto Added by WPeMatico

Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance

Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to…

Continue ReadingBitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance

CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market…

Continue ReadingCFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities

Greenidge Expands Bitcoin Mining Operations in Mississippi

Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and…

Continue ReadingGreenidge Expands Bitcoin Mining Operations in Mississippi

From 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues

Germany now holds fewer than 5,000 bitcoin following its recent divestment on Thursday. Since 9 a.m. EDT that day, wallets operated by the German government transferred 5,000 BTC, reducing its…

Continue ReadingFrom 50,000 to 4,925 BTC: Germany’s Bitcoin Sell-off Continues

German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins

At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday, the stash had decreased to 9,925 BTC, with the wallets now holding below 10,000…

Continue ReadingGerman Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins

Senate Committee Discusses Strong Federal Oversight of Crypto Markets

The Senate Committee on Agriculture, Nutrition, and Forestry held a hearing on Wednesday where Chairwoman Senator Debbie Stabenow stressed the urgent need for robust regulation in the crypto market. The…

Continue ReadingSenate Committee Discusses Strong Federal Oversight of Crypto Markets

German Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

Over the course of nearly 20 hours, the German government has sold 9,736 BTC valued at $564.3 million. The government’s BTC wallet currently holds 13,110 BTC worth $767 million. German…

Continue ReadingGerman Government Offloads 9,736 BTC in 20 Hours; Reserves Could Deplete by Tomorrow

Dormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market

On July 9, 2024, a dormant bitcoin wallet transferred 149 BTC at block height 851,440 while bitcoin (BTC) was trading just below $58,000. The wallet, created on Nov. 20, 2013,…

Continue ReadingDormant 2013 Bitcoin Wallet Springs to Life, Moving Millions Amid Bearish Market

German Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve

According to the latest tally, onchain data collected at 12 p.m. EDT on July 9 indicates that the German government has sold 3,840 BTC valued at $220.7 million since 4:30…

Continue ReadingGerman Government Sells $220.7M in Bitcoin, Retains $1.3B Reserve

German Government Liquidates $741M in Bitcoin Holdings

Ten hours ago, the German government’s bitcoin wallets transferred 1,205 BTC to various parties. At 7:40 a.m. EDT, the wallets held approximately 38,621 BTC, but by 4:30 p.m., the government’s…

Continue ReadingGerman Government Liquidates $741M in Bitcoin Holdings