Bitcoin is Ready to Hit $25K.
- Bitcoin volume hits lowest since early 2021 amid fear $25K may return.
- Tether’s excess reserves up to $3.3B, hold $72.5B worth of US Treasury bills.
- Here’s what happened in crypto today.
- Borneo authorities seize illegal crypto miners running off stolen power
- BTC price ‘fireworks’ after monthly close? 5 things to know in Bitcoin this week
- Forward this Daily News Thread with your Family/Friends & Follow for more.
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July Month Candle Closed in Red.
Bitcoin July monthly closed in the red candle -at 4%.
According to Crypto Quant, the Spot vs. Derivatives volume ratio has dropped from 35% to 6% since January 2023.
This decline in spot volume indicates a new era of low volatility in the cryptocurrency market.
Investors are holding onto their Bitcoins instead of selling them, considering Bitcoin as a valuable asset akin to digital gold.
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