BTC

Bitcoin wallets with holdings between 10-100 BTC added an additional 52,000 BTC in the month of June when BTC dropped below $18,000 for a brief moment.

Bitcoin miners have been forced to tap into their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability.

Digital asset broker GlobalBlock analyst Marcus Sotiriou opined that the sell-off trend could be attributed to "profitability decreasing with increasing electricity prices, adding that miners are "forced to liquidate some of their Bitcoin to cover operating costs."

Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.

MicroStrategy boss Michael Saylor talked about the fears of the firm having to sell its BTC and the chances of it buying BTC during the market crash.

The President of the Central African Republic (CAR) has doubled down on his Bitcoin bet despite the recent market crash even as the crypto market is reduced to less than $1 trillion.

Peter L Brandt predicted a huge crash in the price of the world's biggest cryptocurrency, saying that BTC is following a "Drano" chart pattern.

MicroStrategy's CEO Michael Saylor might've landed the firm in trouble as its Bitcoin holding is already down by more than a billion dollars.

Mike McGlone said that once the current bear market in risky assets subsides and valuations recover again, cryptocurrencies will outperform all other asset classes, with Bitcoin (BTC) outperforming the entire crypto space.

Cathie Wood said the bottom for Bitcoin is right around the corner and the on-chain metrics for the coin are now turning bullish.

In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-time cryptocurrency price quotes and a huge neon Bitcoin logo.

Andrew Bailey appeared on the Jobs of the Future podcast to discuss Bitcoin, the world's biggest cryptocurrency, and the future of blockchain technology, and said that he doesn't believe that Bitcoin is a practical means of payment. 

In an interview with CNBC, Guggenheim Chief Investment Officer Scott Minerd predicted that Bitcoin could drop to $8,000 from its current levels, a more than 70% plunge in prices.

Saylor thinks that the Terra situation will lead Bitcoin to ultimately win as regulators are going to speed up regulations of stablecoins and crypto security tokens. 

Bitcoin losses have come during elevated geopolitical tensions and rising inflation.

"When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions," Musk said after suspending Bitcoin transactions in Tesla.

The company states that its Bitcoin holdings are “highly liquid.”   

Even though a huge chunk of the locals have still not embraced the asset, BTC has provided certain benefits to the nation

The study focused on 23 countries worldwide and found France to be the best Bitcoin trading nation. 

The question si whether Elon Musk will take up Michael Saylor's suggestion?

The company believes cryptocurrencies like Bitcoin have the potential to be the currency for today's world with globalized supply chains. 

"Retail investors and small whales sell BTC, but top 69 large whales buy the dip. We can see a slight increase in BTC exchange reserves during the last seven days, but Top 69 large whales buy the dip, even today they bought more than 6,000 BTC (Net)," noted CryptoQuant analyst YuShiuanChen.

Exclusively for the Bitcoin 2022 conference that has kicked off in Miami on Wednesday, Coinme and Coinstar have waived the transaction fees for all the attendees who purchase Bitcoin at the Coinstar kiosk

Industry insiders believe that Bitcoin’s price hike comes as the Luna Foundation Guard (LFG) purchased another $125 million worth of the digital asset, in order to take exposure to $10 billion Bitcoin. 

"I think we need to have hard money again. We need to have good quality money that’s not subject to inflation," Prince Philip said.

Given a huge drop in the price of Bitcoin, it is now impossible to recover the loss of the fan. 

The Galaxy Digital CEO compared the growth of Bitcoin and cryptos in 2021 to the growth of the internet in its 90s.

Scaramucci, who is a Bitcoin bull, also said that Bitcoin will be adopted as legal tender in several Latin American countries. 

Robert Kiyosaki tweeted about depression and hyper-inflation.