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Daily #Web3 Market

8 Jul 2024

Bitcoin OTC desk balances hit over 300,000 BTC

Bitcoin’s total OTC desk balance, a metric showing significant activity in 2024, demonstrates notable trends correlated with price fluctuations. Read more

What can regional trends tell us about the Bitcoin market?

An analysis of regional trends provides insights into the Bitcoin market, highlighting diverse factors influencing its performance. Read more

Bitcoin recovery fizzles, but SOL, DOT, NEAR and KAS could rally

Despite Bitcoin’s stalled recovery, Solana, Polkadot, NEAR, and Kaspa have potential for significant rallies if certain price levels are maintained. Read more

Taiwan central bank says no rush for CBDC launch

Taiwan’s central bank emphasizes a cautious approach to launching a central bank digital currency, focusing on thorough preparation and financial innovation. Read more

Bitcoin mining difficulty hits lowest level since March as price tops $57K

A decline in Bitcoin mining difficulty offers relief for major mining firms, coinciding with Bitcoin’s price exceeding $57,000. Read more

Bitcoin sales by gov’ts just 4% of $225B bull market inflows — Analyst

Government Bitcoin sales represent a small fraction of the total inflows during the current bull market, highlighting the overall robustness of the market. Read more

Spot Bitcoin ETFs see record inflows after July 4 dip

Spot Bitcoin ETFs experienced significant inflows following a price dip after the July 4th holiday, indicating strong investor interest. Read more

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