SELECT LANGUAGE BELOW

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

Cryptocurrency markets are falling on Wednesday as major governments liquidate their Bitcoin holdings.

Cryptocurrency price Profit +/-
Bitcoin BTC/USD $60,979.32 -1.7%
Ethereum ETH/USD $3,410.19 -0.1%
Solana Sol/USD $137.84 -0.7%
Dogecoin DOGE/USD $0.1241 -2.9%
Shiba Inu SHIB/USD $0.00001737 -3.3%

Notable statistics:

  • The Bitcoin Spot ETF reported its first total net inflows in a week, totalling $31 million, after consistent net outflows.
  • According to IntoTheBlock data, Bitcoin’s large transaction volume fell 33%, daily active addresses fell 14%, and exchange net flows fell 182.9%.
  • According to Coinglass, 34,447 traders were liquidated for $75.9 million in the past 24 hours.
  • Tree Newsrshows US regulators are likely to approve the launch of a spot Ethereum ETF by July 4.

Notable developments:

Top gainers:

Cryptocurrency price Profit +/
fetch FET/USD $1.82 +14.3%
SingularityNet AGIX/USD $0.7407 +11.5%
Lido DAO LDO/USD $2.48 +7.7%
Trader Notes: Prominent Crypto Trader Seth “Bitcoin’s daily candle has been rejected by the 7 EMA,” the post said, adding that the last time the daily RSI was this low was since August 2023.

Other traders are seeing a sell signal for Bitcoin.

#Bitcoin

don’t forget:

A red light appeared on “Better RSI” $BTC.

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

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

Market news and data provided by Benzinga API

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