Bitcoin price struggles around $61,000 as German, US government transfers weigh
Bitcoin (BTC) encountered resistance near the $62,000 mark on Wednesday and declined 1.5% to trade around $60,777 in Thursday’s European session. The US and German governments' transfers of BTC to exchanges in the past week have contributed to market FUD (Fear, Uncertainty, Doubt) among traders. Additionally, on-chain data reveals a rise in miners' selling activity, suggesting bearish sentiment in the market.
Meme coins, AI and RWA crypto tokens could drive profitability in 2024
Meme coins, Artificial Intelligence (AI) and Real World Asset tokenization (RWA) are the dominant narratives as the first half of 2024 draws to a close. A report by analysts at Biteye shows that the three sectors have emerged as the most profitable ones in 2024.
Buyers failed to pick up on the crypto market
The crypto market has been under moderate but persistent pressure throughout Wednesday, losing 1.26% over the past 24 hours to $2.24 trillion. Prices of top coins are down, except for Toncoin, which adds 1.6% for the day and 19% for 30 days, and Tron (+0.4% for the day and +10% for 30 days).
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