Bitcoin, Ethereum, Dogecoin Bottom Out As US Government Wallet Sends $240M BTC To Coinbase

Author: Khyathi Dalal | June 26, 2024 05:17pm

Cryptocurrency markets are down on Wednesday as major governments are liquidating Bitcoin holdings.

Cryptocurrency	Price	Gains +/-
Bitcoin (CRYPTO: BTC)	$60,979.32	-1.7%
Ethereum (CRYPTO: ETH)	$3,410.19	-0.1%
Solana (CRYPTO: SOL)	$137.84	-0.7%
Dogecoin (CRYPTO: DOGE)	$0.1241	-2.9%
Shiba Inu (CRYPTO: SHIB)	$0.00001737	-3.3%

Notable Statistics:

• Bitcoin Spot ETFs reported a total net inflow of $31 million for the first time in a week after consistent net outflows.
• IntoTheBlock data Bitcoin large transaction volume dropping 33% and daily active addresses falling 14%. Exchanges netflows are down 182.9%.
• Coinglass shows 34,447 traders were liquidated in the past 24 hours for $75.9 million.
• TreeNewsrshows that U.S. regulators are likely to approve Spot Ethereum ETFs for launch by July 4.

Notable Developments:

• Ethereum ETFs Poised For $15B Influx In First 18 Months, Says Bitwise CIO Matt Hougan
• German Authorities Sell $15M More In Seized Bitcoin
• Argentinian President Javier Milei Advocates For Bitcoin, Opening Doors To Digital Currency Revolution
• U.S. Offers $5M Reward For Information On Crypto Fraudster Ruja Ignatova

Top Gainers:

Cryptocurrency	Price	Gains +/–
Fetch.ai (CRYPTO: FET)	$1.82	+14.3%
SingularityNET (CRYPTO: AGIX)	$0.7407	+11.5%
Lido DAO (CRYPTO: LDO)	$2.48	+7.7%

#Bitcoin

Don't forget:

A red signal has appeared in the "Better RSI" for $BTC.

Over the past two years, this signal has ALWAYS predicted that Bitcoin is very close to bottoming out or has already reached the local bottom‼️

A bottom could form here.🎯 https://t.co/ETjvH8uFuK pic.twitter.com/8hOP90KMPM

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Posted In: $AGIX $BTC $DOGE $ETH $FET $JASMY $LDO $ORDI $SHIB $SOL $UNI