Close Menu
  • Home
  • Bitcoin
    • Bitcoin
    • Blockchain
    • Ethereum
  • DeFi
  • NFTs
  • Regulations
  • Investing
  • Technology
  • All Posts
What's Hot

Blockchain to Drive $7 Billion Real-World Asset Initiative in DeFi

Apr. 18, 2025

Bitcoin and Solana maintain their dominance in the crypto market despite a slowdown in Q1 2025.

Apr. 18, 2025

Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack

Apr. 18, 2025
Facebook X (Twitter) Instagram
X (Twitter) Telegram
BTC Cast
  • Home
  • Bitcoin
    • Bitcoin
    • Blockchain
    • Ethereum
  • DeFi
  • NFTs
  • Regulations
  • Investing
  • Technology
  • All Posts
Subscribe
BTC Cast
Home ยป Bitcoin Falls Below 55000 Again ETF Investors Buy on Dips with Major Events in the Crypto Space This Week
Blockchain

Bitcoin Falls Below 55000 Again ETF Investors Buy on Dips with Major Events in the Crypto Space This Week

By adminJul. 8, 2024No Comments4 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link
Follow Us
Google News Flipboard Threads
Bitcoin Falls Below 55000 Again ETF Investors Buy on Dips with Major Events in the Crypto Space This Week
Bitcoin Falls Below 55000 Again ETF Investors Buy on Dips with Major Events in the Crypto Space This Week
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Bitcoin once again falls below $55,000, ETF investors buy on the dip, with this week’s major cryptocurrency events
Update time: 11:19:28 Author: Crypto Voyager 2023
Coin World reports: Since Bitcoin fell below $53,500 last Friday, there has been a mild rebound over the weekend, with the price rising back to $58,400. After the “big pie” falls below $53,000, over 80% of mining rigs will shut down, so the editor believes that the probability of staying below this position for a long time is not great, and it may test $53,000 again to clear long leverages, then bounce upwards.
Today’s latest price of Bitcoin BTC
Rank
Cryptocurrency Name
Price in USD
$
24H Change
Market Cap
$
Initial Offering Price
24h Highest Price
24h Lowest Price
1


BTC
Bitcoin
$55,243.02
-4.83%
1085.8 billion
$0.0025
$58,380.00
$54,420.58
Bitcoin BTC price trend chart
Candlestick
Trend
All
24H
7 days
30 days
Last three months
Last year
All
24H
7 days
30 days
Last three months
Last year
On the morning of July 8th, Coin World’s market data shows that Bitcoin (BTC) has fallen below $55,000, currently reported at $54,790, with an intraday decline of 2.1%. The market is highly volatile, please investors exercise risk control.
Since Bitcoin fell below $53,500 last Friday, there has been a mild rebound over the weekend, with the price rising back to $58,400. After the “big pie” falls below $53,000, over 80% of mining rigs will shut down, so the editor believes that the probability of staying below this position for a long time is not great, and it may test $53,000 again to clear long leverages, then bounce upwards.
In addition, BlackRock’s Ethereum ETF will officially be listed next Friday evening (July 12th) when the US stock market opens. The market expects that the approval of this ETF will bring positive news, hence the bullish expectations are high. However, there might be a pullback after the good news is realized.
This week’s major cryptocurrency events:
1. Token Unlocking: Tokens worth over $170 million will be unlocked next week, with APT unlocking about $63 million. This may affect market supply, and the market reaction to the related tokens should be monitored.
2. Ethereum Spot ETF: The Ethereum spot ETF is more likely to be launched during the week of July 15th. The market has high expectations for this news, which may have a significant impact on the price of Ethereum.
3. The ETF Store President Nate Gera buys Bitcoin and Solana. This move demonstrates the upper echelon’s confidence in these two cryptocurrencies, which may attract market attention.
4. Meme coin sector prices generally fall, with several cryptocurrencies dropping more than 17% in 24 hours. Investors should be wary of the high volatility in this sector.
5. The German government continues to sell $BTC, holding 39,826 shares as of today. The government’s selling action may exert certain selling pressure on the market.
Project Dynamics
$ALEX – Alex announces the BRC20 bridge is now online, and the Rune bridge will be launched this week. This will provide users with more trading and cross-chain functions.
$ATH – Aethir Edge announces that from July 11th, all Edge devices will require staking $ATH to keep running. This may affect the demand and price of $ATH.
$DEGEN – Degen announces that Airdrop 2 Season 6 will start on July 11th. The airdrop event may trigger active participation and discussion in the community.
$ERN – Ethernity announces that L2 Beta testing will soon be open. The success of the test will affect its future development.
$MAVIA – The next trailer for “Heroes of Mavia” is about to be released. The release of the new trailer may increase market attention to the project.
$MNT – Mantle will upgrade the Sepolia Testnet through a hard fork on July 10th. The hard fork upgrade will improve network performance and security.
$NYM – Nym announces that NymVPN will be launched soon. This new product will provide users with more privacy and security protection.
$SOL – Solana Firedancer’s first version will launch its first bug bounty program on July 10th. The implementation of the bug bounty program will help enhance network security.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp Copy Link

Related Posts

Blockchain

Judge Suspends SEC’s Obligation Lawsuit for 60 Days

Feb. 14, 2025
Blockchain

Shiba Inu: From Millionaire to Billionaire by 2030 – How?

Jan. 17, 2025
Blockchain

A New Era for Cryptocurrencies: Trump Establishes the Industry as a Key National Policy on His First Day via Executive Order

Jan. 17, 2025
Blockchain

Cryptocurrency Traders Suggest That a Catalyst Could Trigger a 200% Surge in XRP, While Updating the Outlook for Solana and Pepe

Jan. 17, 2025
Blockchain

DeFi Agents AI Secures $1.2 Million Funding to Propel AI-Driven Decentralized Finance Innovation

Jan. 17, 2025
Blockchain

Will the price of Dogecoin quickly increase tenfold to $3?

Jan. 17, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Altura unveils a cutting-edge smart NFT platform

Sep. 6, 2021

The Resurgence of Blockchain Gaming in English

Sep. 20, 2021

Play-to-Earn Approaches in the NFT Gaming Sector

Sep. 20, 2021

Is SolChicks yet another dubious venture capitalist and founder’s scheme?

Dec. 2, 2021
Don't Miss

Blockchain to Drive $7 Billion Real-World Asset Initiative in DeFi

Apr. 18, 2025

Ethereum Layer 2 network Arbitrum has launched a new project called Converge, a blockchain for proce…

Bitcoin and Solana maintain their dominance in the crypto market despite a slowdown in Q1 2025.

Apr. 18, 2025

Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack

Apr. 18, 2025

Coinbase Enhances Solana Infrastructure Following User Feedback

Apr. 18, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
About Us
About Us

BTC Cast is your premier destination for the latest news about Bitcoin and cryptocurrency. We offer comprehensive coverage, including updates on market trends, technological developments, and industry insights.

X (Twitter) Telegram
Our Picks

Blockchain to Drive $7 Billion Real-World Asset Initiative in DeFi

Apr. 18, 2025

Bitcoin and Solana maintain their dominance in the crypto market despite a slowdown in Q1 2025.

Apr. 18, 2025

Crypto Exchange eXch to Cease Operations on May 1 Following Accusations of Laundering $35 Million from Bybit Hack

Apr. 18, 2025
Most Popular

Analysts examine potential $1T market cap surge as Bitcoin halving approaches

Apr. 15, 2024

Hamster Kombat Announces Airdrop Details 23 Million Accounts Banned for Cheating

Sep. 24, 2024

Bitcoin Faces Critical Resistance Latest Cryptocurrency News

Jul. 3, 2024
© 2025 BTC Cast All rights reserved.
  • Home
  • Bitcoin
    • Bitcoin
    • Blockchain
    • Ethereum
  • DeFi
  • NFTs
  • Regulations
  • Investing
  • Technology
  • All Posts

Type above and press Enter to search. Press Esc to cancel.