Global #Bitcoin

The first full week of June saw a notable surge in institutional investment in Bitcoin via US-based exchange-traded funds (ETFs). Data from HODL15Capital indicates that these Bitcoin ETFs collectively acquired an impressive 25,729 BTC, equivalent to about two months' worth of the cryptocurrency's mined supply.

Bitcoin, the dominant cryptocurrency globally, has yet to reach its previous record highs despite a period of relative stability in the market. A novel explanation for this challenge has emerged from crypto research firm 10x Research. They suggest that a decline in the creation of stablecoins is a significant contributing factor.

Bitcoin (BTC), the world's leading cryptocurrency, has recently shown signs of a strong resurgence, sparking optimism among investors and enthusiasts about the possibility of another significant price upswing. After a period of consolidation and sideways movement, BTC has broken through key resistance levels, signaling a potential shift in market sentiment.

As the global economy shows signs of slowing down, the possibility of a recession hitting in the second half of 2024 is becoming increasingly real. With its unique position as a digital gold and hedge against inflation, how might Bitcoin's price be affected by such an economic downturn? ChatGPT-4o, a powerful language model, provides insights based on historical trends, current market sentiment, and potential future scenarios.

As the dust settles on Ordinals Lisbon, held in May 2024, it's clear that this wasn't your typical cryptocurrency conference. It was an odyssey into the heart of a nascent movement, a gathering of minds grappling with the possibilities and complexities unleashed by Ordinals.

Bitcoin (BTC) and Ethereum (ETH), two of the largest blockchains, continued to lead the NFT market in May. While this initially seemed promising, a closer look revealed that NFT sales volumes for both ETH and BTC had actually declined over the past 30 days.