Bitcoin (BTC) trades above $58,000 on Friday after after testing and failing to overcome the resistance level around $62,000 earlier in the week.
Marathon Digital added 4,141 BTC worth $249 million this week. On Tuesday and Wednesday, Mt. Gox and the US government fund transfer create FUD among traders. On-chain data shows negative bias, signaling a bearish move for BTC ahead. Bitcoin trades above $58,000 on Friday after after testing and failing to overcome the resistance level around $62,000 earlier in the week.
Holdings chart Token Balance History Marathon Digital announced that they bought 4,144 $BTC at an average price of $59,500 from Aug 12 to Aug 14. On-chain data shows that Marathon has received 3,896 $BTC from #GalaxyDigital, #FalconX and #NYDIG.https://t.co/6rzafRB3FM pic.twitter.com/IR6Ld4hwtM — Lookonchain August 16, 2024 Additionally, per the Nasdaq regulation update, the US Securities & Exchange Commission approved Defiance’s Daily Target 1.75X Long Microstrategy ETF MSTR, a leveraged ETF.
Silk Road BTC moved to Coinbase Prime Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just been sent on to 33J, a Coinbase Prime deposit wallet. pic.twitter.com/kNLsiJzL95 — Arkham August 14, 2024 BREAKING: Bitgo has just moved $2B of Mt. Gox BTC. pic.twitter.com/3aPFPhmGGN — Arkham August 13, 2024 Bitcoin on-chain data shows negative bias CryptoQuant Binance funding rates chart is crucial for gauging future market sentiment.
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