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Why is Bitcoin price down today?
Bitcoin dropped 5.75% to around $56,950, its lowest level in two months, pushing its week-to-date returns to -10.75%. The German government’s Bitcoin transfers to exchanges and Mt. Gox’s plans to repay creditors have played a major role in this decline.
50 Cent's X account and website were hacked, with hackers promoting a cryptocurrency scam.
The scammers created a new token, "GUNIT," and used 50 Cent's large following to attract investors and pump up the price before crashing it.
Gemini Crypto Exchange founders Cameron and Tyler Winklevoss have donated $2M in Bitcoin, 30.94M BTC, to Donald Trump to “put an end to the Biden Administration’s war on crypto.” The brothers shared their strong support for the former president and his mission to become the first “crypto president.”
watcher.guru/news/gemini-crypto-exchange-founders-donate-2m-in-bitcoin-to-donald-trump
The Bitcoin exchange reserve has dropped to a 3-year low, with only 2,825,703 BTC left on exchanges🧐🧐
This low reserve suggests low selling pressure and potential supply shocks due to the limited supply available for purchase🤑🤑
cointelegraph.com/news/bitcoin-exchange-reserve-metric-hits-3-year-low
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According to traders, tracking the movements of Bitcoin whales does not lead to "true alpha," 🧐🧐
despite being a popular way to speculate on market sentiment. Glassnode lead analyst James Check stated that whale watching is not useful for serious or valuable analysis.
cointelegraph.com/news/bitcoin-btc-whale-glassnode-james-check-checkmatey-crypto-traders