The world’s largest cryptocurrency rose beyond the $66,000 mark at one stage today before dipping to around $65,700.
Bitcoin climbed above $66,000 at one stage on Tuesday night before retreating to around $65,757, as traders continue to weigh the impact of the German government’s and Mt. Gox’s transfers, as well as the news surrounding former U.S. President Donald Trump.
“We’re seeing the conversion of multiple factors, all supporting prices… for now,” Justin d'Anethan, head of APAC business development of crypto market maker Keyrock, told The Block, adding that a key factor was the failed assassination attempts on Trump at a rally over the weekend. Earlier this week, Trump selected Vance as his running mate for the upcoming presidential election. Vance is widely known as a pro-crypto figure who supported the repeal of the SAB121 bill and holds over $100,000 worth of bitcoin. Min Jung, an analyst of Presto Research, said that Trump’s nomination of Vance has “positively impacted the market sentiment.”
Mt. Gox, on the other hand, has continued to move billions of dollars worth of bitcoin ahead of the impending creditor payouts. “The impact of Mt. Gox transfers appears to be overstated relative to the actual impact on the market,” said Jung of Presto Research.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin ETF issuer VanEck files for Solana ETF in the USBitcoin ETF issuer VanEck has filed for a Solana (SOL) ETF with the U.S. SEC, declaring that SOL is a commodity like Bitcoin and Ether.
Read more »
Bitcoin ETF inflows highest in a month as Bitcoin hovers near $63KBitcoin ETFs in the US see significant inflows, reaching $129.45 million, as BTC hovers near $63K. Fidelity leads the surge with 1030 BTC worth $65 million. July is historically bullish for Bitcoin.
Read more »
Spot Ethereum ETF Launch Anticipated on July 18, Bloomberg ETF AnalystCrypto Blog
Read more »
Spot Ethereum ETF Updated Filings Submitted by Applicants: Hot DetailsBloomberg ETF expert reveals that Ethereum ETF applicants have made major updates to their filings
Read more »
T-Rex Group Files for 2x Long, Inverse Microstrategy ETFBloomberg ETF analyst Eric Balchunas said this will be the 'ghost pepper' of ETF hot sauce.
Read more »
Ether ETF opens the floodgates for Solana ETFs and crypto products: AnalystThe market could even see the launch of new crypto ETFs, including a Solana ETF and an ETF with mixed exposure to Bitcoin and Ether, according to prominent ETF analyst Balchunas.
Read more »