The recent fall in prices has led many people to grab for cheap coins as the cryptocurrency market remains in “extreme fear” and does not respond to all the good news that comes in.
The cryptocurrency market remains volatile and prices continue to show weakness during range trading.
Interestingly, amid a lingering sense of “extreme fear” in the market, this week saw the third largest Bitcoin exit from centralized exchanges in 2021.
“A total of 39,040 BTC were withdrawn, most of which came from Kraken (29,700 BTC),” IntoTheBlock notes.
It could be a simple internal reshuffle, however, as Kraken also made internal transfers over the weekend.
However, the recovery of cheap parts continues as the market remains weak. The Target Bitcoin ETF, the first in North America, has increased its holdings by 100 BTC to total 19,508 BTC. ETF holdings increased significantly until mid-May, but have slowed since then.
As for his Ether ETF, he increased his holdings by a total of 574 ETH with a total volume of 54,520 ETH. ETH -3.19% Ethereum / US $ ETHUSD $ 2530.10
– $ 80.71 -3.19% Volume $ 42.5 billion Change – $ 80.71 Opening $ 2,530 Circulation $ 116.21 million Market cap $ 294.03 billion 5 am San Jose will accept BTC, ETH, DOGE and Alts Next season at 6am, the Polkadot ecosystem will be a milestone as Kusama’s first feature. Parachain launches at 7am. Level 2 scaling solution. Polygon records continues to grow, but cannot reduce fees on Ethereum.
APK Ark Fund Katie Wood also bought 18,746 shares of Grayscale Bitcoin Trust (GBTC) and 13,718 shares of Coinbase (COIN) this week.
ARKW currently owns 7,441,692 shares in GBTC and 799,779 shares in Coinbase, representing 4.01% and 3.37%, respectively. APKK owns 3,134,630 Coinbase shares, or 3.44%.
However, the bitcoin price has still dropped to $ 32,275 despite all the buying and good news the market is seeing.
Former U.S. President Donald Trump announced bitcoin as a competitor to the U.S. dollar this week, and MicroStrategy shared its plans to buy an additional $ 400 million in BTC.
El Salvador’s president announced over the weekend that the country would declare bitcoin legal tender. After that, Paraguayan Congressman Carlitos Reiala added laser eyes to his Twitter profile. Rehala said:
“As I said a long time ago, our country must move forward hand in hand with the next generation. The time has come, our time. This week we are about to start an important innovation project in Paraguay in front of the world!
Fabio Ostermann, leader of the New Party, the libertarian party in Brazil, also joined Francisco Sánchez, MP for Argentina, and Gabriel Silva, MP for Panama’s National Assembly. Silva wrote:
“This is important. And Panama cannot be left behind. If we want to be a true technology and entrepreneurial hub, we must support cryptocurrencies. We will prepare a proposal for submission to the Assembly.
Bitcoin / US dollar BTCUSD
33,576.1979 – 426.42 to 1.27%
Volume 50.6 billion Option – $ 426.42 At the time of opening $ 33 576.1979 Turnover 18.73 million Market CAP 628.89 billion
AnTy has been continuously involved in the crypto space for over two years. Prior to her blockchain debut, she worked with the NGO Doctor Without Borders as a fundraiser and has since studied, read and created for various segments of the industry.