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This might be the wildest Bitcoin story of the year.
An Irish drug dealer bought around 6,000 $BTC in 2011 and hid the paper keys inside a fishing rod case.
Then he got arrested. His landlord cleared out his stuff and tossed the keys. Gone.
The coins sat frozen for years. Until now.
With help from Europol, Irish authorities broke into the wallets without ever finding those keys. They've pulled out 1,500 BTC this year, the latest 500 just today.
About 4,500 BTC, worth over $270 million, are still sitting there.
An Irish drug dealer bought around 6,000 $BTC in 2011 and hid the paper keys inside a fishing rod case.
Then he got arrested. His landlord cleared out his stuff and tossed the keys. Gone.
The coins sat frozen for years. Until now.
With help from Europol, Irish authorities broke into the wallets without ever finding those keys. They've pulled out 1,500 BTC this year, the latest 500 just today.
About 4,500 BTC, worth over $270 million, are still sitting there.
Bitcoin could be following the same bottom pattern as the last cycle.
In 2022, Bitcoin fell about 20% below the 2017 bull market peak before finding its bottom.
We're seeing a similar setup now, with Bitcoin trading about 15% below the 2021 bull market peak.
It's too early to say, but it's hard to ignore.
In 2022, Bitcoin fell about 20% below the 2017 bull market peak before finding its bottom.
We're seeing a similar setup now, with Bitcoin trading about 15% below the 2021 bull market peak.
It's too early to say, but it's hard to ignore.
🚨Bitcoin just broke below $59,000 again and continues to show weakness.
This is happening despite relative stability in US, Japan, and South Korea markets.
This is happening despite relative stability in US, Japan, and South Korea markets.
THE NEXT TWO WEEKS ARE CRITICAL FOR THE CRYPTO MARKET STRUCTURE BILL.
With the Senate in recess until July 13, Senate staff and key industry leaders are working to resolve the bill’s remaining issues.
The bill needs 60 votes to pass and is expected to hit the Senate floor in late July or early August.
If the Clarity Act doesn’t pass the Senate before the August recess, its chances of becoming law this year are almost dead.
With the Senate in recess until July 13, Senate staff and key industry leaders are working to resolve the bill’s remaining issues.
The bill needs 60 votes to pass and is expected to hit the Senate floor in late July or early August.
If the Clarity Act doesn’t pass the Senate before the August recess, its chances of becoming law this year are almost dead.
In 2014, the founder of Estonian bank LHV bought 250K ETH for $75,000 in the Ethereum ICO and then lost the password.
Today, it's worth $395 Million.
Today, it's worth $395 Million.
Why is everything Dumping ?
Over $3 Trillion wiped out in 24 hours.
Bitcoin: -3.52%
GOLD: -2.24%
Silver: -4.78%
🇰🇷KOSPI: -10.68%
🇯🇵NIKKEI: -4.85%
🇭🇰 Hang Seng: -3%
🇺🇸 US futures: -1%
Some of the key reasons are:
1) Heavy selling in AI, tech, and semiconductor stocks as investors take profits after a strong rally.
2) The Bank of Japan's recent rate hike is tightening global liquidity and putting pressure on markets.
3) Stronger-than-expected US jobs data has brought fears that the Fed could keep interest rates higher for longer.
4) The Fed's hawkish stance has reduced expectations for rate cuts, with officials signaling that rates may stay higher for longer.
5) Investors are potentially reducing risk exposure and moving into cash and defensive assets.
Over $3 Trillion wiped out in 24 hours.
Bitcoin: -3.52%
GOLD: -2.24%
Silver: -4.78%
🇰🇷KOSPI: -10.68%
🇯🇵NIKKEI: -4.85%
🇭🇰 Hang Seng: -3%
🇺🇸 US futures: -1%
Some of the key reasons are:
1) Heavy selling in AI, tech, and semiconductor stocks as investors take profits after a strong rally.
2) The Bank of Japan's recent rate hike is tightening global liquidity and putting pressure on markets.
3) Stronger-than-expected US jobs data has brought fears that the Fed could keep interest rates higher for longer.
4) The Fed's hawkish stance has reduced expectations for rate cuts, with officials signaling that rates may stay higher for longer.
5) Investors are potentially reducing risk exposure and moving into cash and defensive assets.
After spending 100+ hours doing charts, I'm fully convinced that Bitcoin will break $100K in next 12 months.
SpaceX is now worth more than the entire crypto market.
SpaceX: $2.8 trillion
Crypto: $2.13 trillion
This is actually bullish, because it shows how early crypto still is.
Total global market sizes:
Stock market: $130 trillion
Bond market: $140 trillion
Gold: $29 trillion
Bitcoin: $1.25 trillion
We are going much higher in the next few years, and Bitcoin reaching $500k is not a matter of if, it’s a matter of when.
SpaceX: $2.8 trillion
Crypto: $2.13 trillion
This is actually bullish, because it shows how early crypto still is.
Total global market sizes:
Stock market: $130 trillion
Bond market: $140 trillion
Gold: $29 trillion
Bitcoin: $1.25 trillion
We are going much higher in the next few years, and Bitcoin reaching $500k is not a matter of if, it’s a matter of when.
Since the May 6th high of $82,777, Bitcoin has dropped nearly -28% and hit a low of $59,000.
While OTHERS/BTC is up +33% in the same period.
Majority of Altcoins are holding well against BTC even during the recent drop.
While OTHERS/BTC is up +33% in the same period.
Majority of Altcoins are holding well against BTC even during the recent drop.
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BREAKING: Elon Musk added $135 billion to his fortune today, reaching a net worth of $1.3 trillion.
စိစစ်အတည်ပြုထားသည်
$400,000,000,000 wiped out from US stock market at open after President Trump warned Iran of new strikes.
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