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Happy Saturday Folks and welcome to the first day of July! Last week was a great week for Bitcoin and this same applies to this week. I told you all that it's been way to quiet and then we got the BlackRock news followed up by the Fidelity news this week; but the SEC poured cold water on it yesterday. The best performing asset in the past 7 days was $LTC - up 16.51% and has moved into position #9 on Coinmarketcap.com. Last week the Fear and Greed Index was at 62 and today it's 59.
Most covered news this week was MicroStrategy buying 12,000 $BTC; they now hold over 150K $BTC. The Podcast of the Week would have to go to Bitcoin Fundamentals as Preston talks with Luke Gromen about the Fed pause and Q2 current events.
Thanks for reading, watching, and listening with me each and every week!
Monday the price of Bitcoin closed at $30,271.13 and the fear and greed index was 55. The most covered news of the day was HSBC Hong Kong now lets customers trade Bitcoin and ether ETFs.(5)
Podcast of the Day: BlackRock SchmackRock: For Emerging Markets, Bitcoin Means More than Gains | The Breakdown
Tuesday the price of Bitcoin closed at $30,688.16 and the fear and greed index was 59. The most covered news of the day was Fidelity preparing to submit spot bitcoin ETF filing.(3)
Podcast of the Day: Can Bitcoin Fix Politics? With Troy Cross & Margot Paez | WBD
By Wednesday (Humpday) the price of Bitcoin closed at $30,086.25 and the fear and greed index was 62. The most covered news of the day was Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin; purchased additional 12,000 BTC for $347M.(6)
Podcast of the Day: BTC136: The FED Pause & Q2 Current Events w/ Luke Gromen | Bitcoin Fundamentals
Right over the hump on Thursday the price of Bitcoin closed at $30,445.35 and the fear and greed index was 54. The most covered news of the day was Fidelity becomes latest firm to re-up bid for spot bitcoin ETF.(5)
Podcast of the Day: Bitcoin Through The Progressive Lense w/ Jason Maier | Bitcoin Magazine
As the week came to a close on Friday the price of Bitcoin closed at $30,477.25 and the fear and greed index right about 56. The most covered news of the day was US SEC deems spot Bitcoin ETFs filings as inadequate; price dives 6%.(5)
Podcast of the Day:Read_746 - Orange Pilling Your Barber [Hector Alvero] | Bitcoin Audible
Bottom line: As I type Bitcoin is trading at $30,478.41 and for the week (M-F) Bitcoin gained $206.12; week over week it's down $207.70. So far Bitcoin is holding up and $28.6K is the next level of support IF $30K breaks, otherwise I believe Bitcoin could be headed toward $35K.
WEEKEND NEWS
Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC. Hours after ‘bombshell’ WSJ report, Cboe refiles bitcoin ETFs. Not Just BlackRock: These Companies Have Also Filed for Spot Bitcoin ETF in the US. Bitcoin miners are pivoting to new markets and making bank.
Prediction: Billionaire Tim Draper Predicts Bitcoin (BTC) Cracks $250,000 Level – in 2025.
Opinion: Gemini President Cameron Winklevoss Criticizes SEC’s Decade-Long Stance on Bitcoin ETFs. Bitcoin ETFs will be 'winner takes most' market, says Bitwise exec Matthew Hougan.
Vitalik Buterin declares he is not staking all of his ETH, merely a ‘small portion.’
Litecoin Closes In on Bitcoin in Terms of Daily Transactions, According to Crypto Analytics Firm IntoTheBlock.
Kraken ordered by court to disclose user data to IRS for tax compliance. Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal.
Franklin Templeton, BNY Mellon execs to co-chair CFTC digital asset panel.
Poly Network Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack.
Opinion: Binance CEO Shares Update After Massive Poly Network Hack.
