Best Crypto to Buy Now July 10 – Celestia, Bittensor, Optimism
Bitcoin (BTC) reached $59,000 early Wednesday before experiencing a brief dip. As of this writing, it trades at $58,639, reflecting a 2.12% increase from the previous day.
The inflow of $294.8 million into Bitcoin spot ETFs yesterday suggests growing investor confidence, potentially foreshadowing a short-term price increase for Bitcoin.
Bitcoin ETF Flow (US$ million) – 2024-07-09
TOTAL NET FLOW: 216.4
(Provisional data)
IBIT: 121
FBTC: 91
BITB: -4.7
ARKB: 43.3
BTCO: 0
EZBC: 0
BRRR: 0
HODL: 3.3
BTCW: 0
GBTC: -37.5
DEFI: 0
For all the data & disclaimers visit:https://t.co/4ISlrCgZdk
— Farside Investors (@FarsideUK) July 10, 2024
However, recent data from Arkham Intelligence reveals that the German government transferred 5,853.5 BTC, worth $343.91 million, earlier today.
The Bitcoins were moved from its wallet to cryptocurrency exchanges Kraken, Cumberland, and 139Po (likely an institutional deposit/OTC service).
JUST IN: German Government selling up to 5103.5 BTC ($299.85M)
In the past 15 minutes, the German Government has sent 5103.5 BTC ($299.85M) to Kraken, Cumberland, Flow Traders, Coinbase, 139Po (likely institutional deposit/OTC service) and address bc1qu.
Since yesterday’s… pic.twitter.com/HyIbxynbAi
— Arkham (@ArkhamIntel) July 10, 2024
This substantial transfer could amplify selling pressure on BTC, potentially fostering uncertainty among traders.
Despite the current challenges in the BTC market, we’ve compiled a list of alternative cryptocurrencies that have demonstrated resilience and impressive price gains over the past 24 hours.
$TIA, the native currency of Celestia, operates on a network platform designed to enhance blockchain scalability through its data availability layer.
Celestia enables more efficient and scalable blockchains by
Read more on cryptonews.com
