Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses
“It’s going to be extremely volatile this week, so I will not be surprised to see BTC price get another 10% drop/pump,” one analyst noted.
Markets
Ether ETFs Saw $340M of Negative Outflows in Their First Week
More than $1.5 billion of exits from Grayscale’s high-fee Ethereum Trust more than offset inflows into the other spot products.
Bitcoin Tumbles Below $67K as U.S. Government Moves $2B of ‘Silk Road’ Tokens
The government is the owner of about $12 billion worth of seized bitcoin, according to Arkham Intelligence.
Bitcoin Pulls Back Sharply After Touching $70K
In what has been a familiar pattern over the past months, a rally to a key number was met with a wave selling.
Polymarket Whales Favor Trump as Election Betting Surges Past $400M
Traders also are skeptical about China ‘unbanning’ bitcoin
CoinDesk 20 Performance Update: BCH’s 21% Surge Leads Index Gain
Bitcoin Cash and Litecoin lead the charge as the CoinDesk 20 Index climbs 3.0% since Friday’s close.
First Mover Americas: Bitcoin Rises to Nearly $70K After Trump’s BTC 2024 Speech
The latest price moves in bitcoin (BTC) and crypto markets in context for July 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Clock Has Ticked on Bitcoin’s Post Halving Surge, 100 Days After the Latest Quadrennial Halving
July 29 marks the 100th day since the Bitcoin blockchain cut per block mining rewards to 3.125 BTC from 6.25 BTC.
Bitcoin Nears $70K on Back of Trump’s Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains
Mt. Gox payouts seem to have not spooked BCH holders as the forked version of bitcoin outperformed the market in an otherwise slow trading day.
COMP Down 6.7% after Supposed ‘Governance Attack’ on Compound DAO
A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.