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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 22:03Amazon: Founder Jeff Bezos Sells 1.51 Million Shares on July 23According to a report by Jinse Finance, Amazon (AMZN.O) founder Jeff Bezos sold 1.51 million shares on the open market on July 23 as part of a trading plan, with an average price of $228.48 per share.
- 22:03Elon Musk's Neuralink Joins Bionic Eye ResearchAccording to a report by Jinse Finance, Elon Musk’s brain-computer interface company Neuralink is collaborating with researchers in California and Spain to conduct a clinical trial on visual prosthetics. News of Neuralink’s participation in this trial was disclosed in late July on ClinicalTrials, a government website listing medical studies. The research is sponsored by the University of California, Santa Barbara. According to the online description, the goal of this study is to “address fundamental issues necessary for developing intelligent bionic eyes.” Researchers state that this device will utilize artificial intelligence and could help blind individuals recognize faces, navigate outdoors, read, and more.
- 21:57Galaxy Sells Over 80,000 Bitcoins for Satoshi-Era InvestorsAccording to Jinse Finance, Galaxy recently facilitated the sale of over 80,000 bitcoins on behalf of an early investor from the Satoshi era, with a current market value exceeding $9 billion. Galaxy stated that this transaction is part of the investor's estate planning strategy and also marks one of the earliest and most significant exits in the digital asset market.