July

July 24, 2024

Will The Bitcoin Price Close Out July In Green Or Red? Historical Data Gives Direction

At the time of writing, Bitcoin (BTC) is trading at $23,419. As the month of July draws to a close, analysts are looking to historical data to provide direction on whether the benchmark cryptocurrency will close out the month in green or red.

Historically, July has not been a kind month for Bitcoin. In fact, over the past five years, Bitcoin has only closed out July in green territory once – in 2019. In 2020 and 2021, Bitcoin dropped 10% and 19.2%, respectively.

However, it is important to note that past performance is not indicative of future results. With that in mind, let’s take a look at some of the factors that could influence Bitcoin’s price in the coming days.

August 28, 2023

1inch wallet buys $10M ETH after July’s $3.7M profit surge.

1inch wallet, a decentralized exchange aggregator, has revealed that it bought $10M in ETH after making a record-breaking $3.7M profit in July. This purchase consolidates the platform’s position as a major player in the DeFi space.

August 13, 2023

Crypto gaming investments skyrocketed in July as Metaverse NFTs cooled off.

July marked a turbulent month for the crypto game industry as investments surged while Metaverse NFTs fizzled. VC spending hit a record high of $146 million, with seven companies earning over $10 million each. NFTs dropped, with Metaverse tokens falling 11%.

August 13, 2023

Crypto traders: Bitcoin, Ethereum sideways as inflation hits 3.2% in July.

July opened with U.S. inflation rates suddenly rising to 3.2%, but it seems to have had little effect on the trading patterns of Bitcoin and Ethereum. Despite this jump in inflation, these digital currencies have continued to remain relatively stable over the past month.

August 11, 2023

Kraken dethroned Coinbase as top US altcoin exchange in July: data shows.

Data from July shows a major shift in the crypto landscape, with Kraken leapfrogging Coinbase in altcoin liquidity, dethroning the incumbent as the US’s most liquid altcoin exchange.

August 7, 2023

PeckShield Reports Shows That NFT Theft Fell 31% In July

In July, NFT theft dropped 31% compared to June, according to a PeckShield report. These findings demonstrate that measures to improve the security of the NFT marketplace may be effective in preventing theft.