? Bitcoin’s bullish cycle questioned as price falls below 200-day moving average
Bitcoin price movements are influenced by various technical models that provide insight into market trends and potential future performance. As of July 4, Bitcoin has fallen below the 200-day moving average (DMA), which is currently at $58,373. The last time Bitcoin fell through this level was in August 2023. Since the beginning of 2024, Bitcoin’s price has shown a robust upward trajectory, peaking above $70,000 in March.

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https://t.me/Crypto_Bitcoin_Blockchain

? Crypto market sees $295 million in liquidations across exchanges over past 24 hours
Bitcoin has been beset by heavy selling pressure in the past 24 hours, causing the digital asset to fall below the $60,000 support level and reaching a recent low of around $57,800. There were over $77 million in bitcoin long liquidations across centralized exchanges in the past 24 hours — out of a total of $92 million in liquidated BTC positions, according to data from Coinglass. The broader cryptocurrency market saw over $295 million in liquidations on centralized exchanges, with around $259 million in long positions.

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https://t.me/Crypto_Bitcoin_Blockchain

? Crypto losses stemming from hacks, rug pulls up 112% YoY – ImmunefiThe crypto ecosystem experienced significant losses in the second quarter of 2024, with a total of $572.7 million lost due to hacks and frauds — up 112% compared to the same period a year ago, according to Immunefi’s latest quarterly breakdown report. Meanwhile, year-to-date (YTD) losses due to hacks and frauds have reached $920.9 million, a 24% increase compared to the previous year’s $702.9 million.

Source

https://t.me/Crypto_Bitcoin_Blockchain

? Vitalik Buterin backs new blockchain MegaETH as it raises $20 million at '9-figure' token valuationMegaLabs, the developer of a new blockchain called MegaETH, has raised $20 million in a seed funding round. MegaLabs began raising funds for the seed round last December and closed it in May, co-founder and chief business officer Shuyao Kong told The Block. The round was structured as equity plus token warrants and brought MegaETH's fully diluted token valuation to a "9-figure" amount, Kong said, meaning at least $100 million.

Source

https://t.me/Crypto_Bitcoin_Blockchain

? SEC could approve spot Ethereum ETFs by July 4: reportThe Securities and Exchange Commission could approve applications for spot Ethereum ETFs as soon as July 4, according to Reuters, which cited anonymous sources. The SEC "could approve exchange traded funds tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters," according to the report published Wednesday.

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https://t.me/Crypto_Bitcoin_Blockchain

? Trump scores bitcoin donations worth $2 million from Winklevoss twinsCameron and Tyler Winklevoss have donated a total of $2 million worth of bitcoin to former U.S. President Donald Trump, the presumptive Republican nominee in the upcoming presidential election. The Winklevoss twins announced their donations with posts to X. "I just donated $1 million in bitcoin (15.47 BTC) to [Donald Trump] and will be voting for him in November," Tyler Winklevoss said in his post.

Source

https://t.me/Crypto_Bitcoin_Blockchain

?? German Government Agency Moves $425M Bitcoin, Some to Crypto ExchangesA German government agency today moved $425 million in bitcoin (BTC) to another wallet address, Arkham data appears to show, sending some on to crypto exchange deposit wallets and returning some to the starting point. The wallet address, previously identified as belonging to the German Federal Criminal Police Office (BKA) by Arkham, moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself.

Source

https://t.me/Crypto_Bitcoin_Blockchain

? Kraken discloses it was exploited for nearly $3 million in bug that has now been fixedKraken disclosed nearly $3 million was taken from its wallets following a bug-related exploit that's since been fixed. The crypto exchange received a bug bounty program alert on June 9, according to Kraken’s Chief Security Officer Nick Percoco. The alert warned it to an “extremely critical” bug, allowing an attacker to artificially inflate their balance on its platform.

Source

https://t.me/Crypto_Bitcoin_Blockchain

? Ripple argues for lower fines than SEC's proposed $2 billion, cites Terraform settlement to make its caseLawyers for Ripple Labs are looking to leverage fines recently lodged against Terraform in an effort to pay a lower penalty in its case with the U.S. Securities and Exchange Commission. Ripple, which has been in a lengthy legal battle with the SEC over the last few years, said financial penalties proposed by the agency were unreasonable, in a "notice of supplemental authority," posted on Thursday.

Source

https://t.me/Crypto_Bitcoin_Blockchain