According to a report by CCData, institutional investors have been actively trading various financial instruments linked to Bitcoin and Ethereum, including spot trading volumes, derivatives trading, and CME Futures Contracts.

Celsius Network, a bankrupt crypto lender, has moved around $70 million worth of altcoins to different wallets following court approval to sell them for Bitcoin and Ethereum.

Binance CEO Changpeng Zhao (CZ) has stated that he is a strong supporter of Bitcoin (BTC) despite the company's focus on developing other cryptocurrencies and blockchains. CZ also addressed concerns about the decentralization of Binance's blockchains, stating that the company prefers to let its child networks remain independent.

Christopher Ferraro, the chief investment officer of Galaxy Digital, has identified two factors that will determine the direction of Bitcoin for the remainder of the year.

Bitcoin remained stable on Monday, trading within a key resistance area of $30,870 and finding support at $29,700. The cryptocurrency has been trading sideways since June 23, with a consolidated pattern as it navigates these levels.

Taiwan's justice ministry has warned that corruption cases involving Bitcoin (BTC) and Ethereum (ETH) are on the rise in the country. The ministry stated that cryptocurrencies are now being used as "election bribery tools" ahead of the general elections in January 2024.

July 5 (Cointime) - MicroStrategy has been consistently investing in Bitcoin and has increased its holdings over the past two years. Despite facing losses during the crypto winter triggered by LUNA collapse and FTX bankruptcy, the company's investments are now back in the green.

July 5 (Cointime) - The fate of Bitcoin's price for the rest of the year depends on whether a Bitcoin spot ETF will be approved in the US. Joe Carlasare, a commercial litigator supporting Bitcoin, believes that there is a 30-40% chance of such a product launching within a year.

July 5 (Cointime) - Long-term holders currently possess almost 14.5 million bitcoin (BTC), with their accumulation efforts continuing despite the prolonged bear market. Institutional investors, including hedge funds, pension funds, commercial banks, and insurance companies, have also shown an increasing appetite for holding the primary cryptocurrency in the long run.

July 4 (Cointime) - Investors who have been using the dollar cost averaging (DCA) strategy to buy Bitcoin at regular intervals have now turned a profit, according to an analysis by Twitter user @w_s_bitcoin. DCA involves buying a fixed amount of an asset, regardless of its price fluctuations, and is often recommended as a less stressful alternative to active trading.