Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

<p>The global crypto market has had a notable decline today, with the market cap <a href="https://coinmarketcap.com/" target="_blank" rel="noopener noreferrer nofollow">decreasing by 2.37%</a> to $2.26 trillion at press time. This shift coincides with movements of Bitcoin by the German government and fluctuations in Bitcoin ETF inflows.</p>
<h2 class="wp-block-heading" id="strong-german-government-s-bitcoin-movements-strong"><strong>German Government’s Bitcoin Movements</strong></h2>
<p>The German Federal Criminal Police Office (BKA) recently transferred 832.74 BTC&nbsp; to various exchanges. These were valued at approximately $51.97 million <a href="https://platform.spotonchain.com/en/signal-details/german-government-bka-moved-283-btc-1764m-to-cex-again-137508" target="_blank" rel="noopener noreferrer nofollow">according to Spotonchain data</a>.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdbD9qL0eQKlLPzX-6b3w9pSWo9fjjK_cYcBuUcwlEumdthaDBVBKuu8YXExMrO5gprrusybDg7jSWH7K2bJIWvQDFpp-Xe8V5Uec1mcaUCoqBBtk-cdqA7uH8eMCjGmgMyIv_IEfjkk1crkynhlNw8gvFY?key=A63t4RXLt-4ZaFZk8h-hIw" alt="">
</figure>
<p>Of this amount, 282.74 BTC ($17.64 million) was sent to Bitstamp, Coinbase, and Kraken. This transaction, identified by the transaction ID 4c79beb6276d8a8a75622a37e264d94414b363f7a231be63f2f368ab430dcbe0, reflects ongoing movements by the German government.</p>
<p>Since June 19, 2024, the German government has moved a net amount of 6,000 BTC, worth about $382 million, at an average price of $63,700 per BTC. Despite these transactions, the German government still holds 43,859 BTC, valued at $2.75 billion, across six addresses.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-bitcoin-etf-net-inflows-update-strong"><strong>Bitcoin ETF Net Inflows Update</strong></h2>
<p>In addition to these movements, Spotonchain <a href="https://platform.spotonchain.com/en/signal-details/bitcoin-etf-net-inflow-update-on-july-2-2024-138073" target="_blank" rel="noopener noreferrer nofollow">noted that the Bitcoin Spot ETF</a> market saw a net outflow of $14 million on July 2, 2024. This marks a slight downturn after five days of positive net inflows.&nbsp;</p>
<p>Notably, the Grayscale Bitcoin Trust (GBTC) experienced a single-day outflow of $32.4 million, which outweighed the combined inflows of other Bitcoin ETFs.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeYyP77w2PQVBOyyVDhXCvUmG6-xj-CgaFDJ_xmREIZXEE-PHmDlRk05mawWghEsLzzzbdVb0jaH_5cngFg5XeF8jAKYLhyNYPP6JeGCSoMkg19RbR1Gag4Z76KscFxuzTPXboP1PXJLs8Jtjz0B9EaXipG?key=A63t4RXLt-4ZaFZk8h-hIw" alt="">
</figure>
<p>Conversely, BlackRock’s iShares Bitcoin Trust (IBIT) had the largest inflow of the day, amounting to $14.1 million. Despite the recent dip, the cumulative total net inflow for Bitcoin Spot ETFs after 119 trading days remains substantial at $14.64 billion.</p>
<p><strong><em>Related: </em></strong><a href="https://captainaltcoin.com/bitcoin-miners-go-on-a-massive-selling-spree-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Bitcoin Miners Go On a Massive Selling Spree – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-reactions-and-future-outlook-strong"><strong>Market Reactions and Future Outlook</strong></h2>
<p>These movements in Bitcoin holdings and ETF inflows have contributed to the current market volatility. The German government’s strategic decisions and the performance of major Bitcoin ETFs will likely continue to influence markets.</p>
<p>Overall, the combination of substantial Bitcoin transactions by the German government and fluctuating ETF inflows has led to notable shifts in the crypto market.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-32/" rel="noopener noreferrer nofollow">&nbsp;Why is the Crypto Market Down Today?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is the Crypto Market Down Today?

Daftar Isi

CaptainAltcoin

Artikel lain yang dipublikasikan pada 3 Jul 2024

Invest Smart with BlockDAG: The Top Long-Term Crypto with a $55.4M Surge, Plus Hot Takes on Cosmo...

Top Three Discounted Altcoins With Massive Potential In 2024

Monthly Progress Report — June 2024

Trump the Felon (TRUMPFEL) Memecoin Investor Generates 4,100% Profit, But Waits For 18,000% Surge

Ethereum’s DApp Volume Hits $71.13 Billion: Impact of NFTs and Staking Explained

Pepe Coin Price Analysis: $0.00001 Break Imminent Amid Whale Sell-off?

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!