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Winklevoss-Backed Football Team RBFC Acquires $4.5 Million in Bitcoin

Before #bitcoin , David Chaum created the first cryptograhic digital currency, Digicash, in 1983.

#bitcoin price $68,500
July 22, 2024

🇺🇸 US spot #bitcoin  ETF balances have hit a new all-time high of more than 900,636 BTC 🚀

🟠 Retail #bitcoin  demand plunges to 3-year low❗️

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If Germany had HODLed their 50,000 #bitcoin , they would have an additional $458M.

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According to a report by asset manager ARK Invest released on July 18, Bitcoin became oversold in June after the German government initiated a multibillion-dollar sell-off of 50,000 BTC. These bitcoins were seized in a 2020 police sting against Movie2k, a streaming platform for pirated content.

The sell-off caused Bitcoin prices to drop from highs above $70,000 in early June to below $55,000 during a brief dip in July.

"Based on short-term holder realized profits/losses and miner outflows, Bitcoin appears oversold," the report states, which covers data through June 30 and includes more recent figures. "Current levels of miner outflows suggest that miners are capitulating, which could signal a bullish reversal."

https://www.coindesk.com/m...

#bitcoin has been gaining strength over the past seven days, and is currently trading above $67,000. This is due to large sellers easing off their selling pressure.
Analysts believe that Bitcoin could continue to rise in the coming months.

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