Despite recent regulatory crackdowns, major asset managers including BlackRock, Fidelity, and Invesco are still applying to list spot Bitcoin exchange-traded funds (ETFs). The race to launch an ETF is being led by Cathie Wood's ARK Invest and 21Shares, with a final deadline for approval set for January 10, 2024. Bloomberg Intelligence analysts estimate a 50-50 chance of approval for a spot Bitcoin ETF, with BlackRock's ETF application already causing a 22% increase in Bitcoin's spot price since its filing on June 16. Experts are optimistic about the SEC finally approving a spot Bitcoin ETF, with key safeguards in place to meet the SEC's requirements.

According to CryptoSlate's recent analysis, exchange withdrawals have surged since November 2022, resulting in a massive decline of more than 100,000 BTC in exchange balances since April 18, 2023. The question remains: what is driving investors to withdraw their Bitcoin from the market?

Long-term Bitcoin holders are showing classic bull market behavior as the price of BTC increases, according to on-chain data resource Look Into Bitcoin. The Value Days Destroyed (VDD) Multiple, which measures periods of inactivity each time an amount of BTC moves on-chain, suggests that older coins are beginning to enter the market to be sold as longer-term participants look to take profits.

Mutiny Wallet has launched its public beta phase, offering users a self-custodial Lightning wallet that operates on the web. The wallet aims to make bitcoin more accessible to the 5 billion global internet users with access to a web browser, as stringent app store requirements often strip bitcoin wallets of features.

Bitcoin miners have been accumulating more BTC over the past few weeks, but selling sentiment has been dominant in the market. While most altcoins have seen double-digit growth, BTC has been relatively slow to move.

Bitcoin's price has risen above $31,400 following XRP's recent surge. The cryptocurrency could experience further gains if it manages to close above $32,000. Bitcoin has broken through resistance levels of $31,000 and $31,400 and is currently trading above the 100 hourly Simple Moving Average.

Bitcoin surged past the $31,000 resistance level on Friday after Ripple Labs won a partial victory in its three-year legal battle against the US Securities and Exchange Commission (SEC). The SEC had accused Ripple of offering XRP as an unregistered security. Other top 10 non-stablecoin cryptocurrencies, including Ether, also saw significant gains.

Mayor Adams will update his financial disclosure form to include his investments in Bitcoin and Ethereum, according to his spokesman. The Daily News highlighted that the form did not mention his holdings in these cryptocurrencies.

Cryptocurrency prices are on the rise again, with Bitcoin nearing $32,000 per coin and XRP experiencing a 100% intraday rally. This sudden change could be part of a perfect storm brewing in the crypto market, leading to a dramatic recovery and new all-time highs.

Spectrum Markets has released its SERIX sentiment data for European retail investors in June, revealing a surge in sentiment towards Bitcoin and Ether since the beginning of the year. The SERIX sentiment index for Bitcoin hit 110 points in June, the highest it has been all year, while sentiment towards Ether also increased, reaching 113 in June.