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Bitcoin Jumps Back Above $31,000 as Institutional Investors Continue to Plug Money into Digital Asset Products

July 4 (Cointime) - Bitcoin's price has risen above $31,000 for the second time in a week, with a 1.8% increase in the past 24 hours. The asset has gained 2% in the past seven days and 17% in the past 14 days.

BIS and IMF Report Highlights Potential of Asset Tokenization, Criticizes Crypto Assets as Flawed System

July 4 (Cointime) - Bitcoin's critics argue that it fails to meet the textbook definition of money as a medium of exchange, unit of account, and store of value. However, the emergence of bitcoin has sparked a debate about the definition and usefulness of money.

Cosmos Faces Resistance at Bearish Order Block, Development Activity Flattens

July 4 (Cointime) -Cosmos (ATOM) is focused on reaching the $10 psychological level, but there are concerns about its short-term capacity to exceed that level due to some out-of-sync fundamental and technical indicators. Bitcoin (BTC) is fluctuating between $29.5k and $31.4k, with $30.8k being a key resistance level for bulls.

Bitcoin Rises Above $31,000 Amid Surge in Open Interest and Market Suppression Speculation

July 4 (Cointime) - Bitcoin has surged above $31,000 due to a sudden increase in open interest, indicating a rise in trading activity and speculative interest. Analysts suggest that the longer and tighter a price is suppressed, the more dramatic the reaction when it eventually breaks free, leading to a bullish rebound after Bitcoin's price had been under pressure.

Bitcoin Whales Accumulate as BTC Market Dominance and Supply Shortage Rises — Is $31K Next?

July 4 (Cointime) - Institutional investors are showing increased interest in Bitcoin, with fund holdings reaching a year-to-date peak as the cryptocurrency's price hovers just under $31,000. Analyzing the holdings of these funds can provide valuable insights into market dynamics and investor sentiment, revealing a strong interest in acquiring Bitcoin even at its current price level.

Coinbase Surges on News of Partnership With Fidelity for Proposed Bitcoin ETFs

July 4 (Cointime) - Coinbase's stock rose over 12% midday EDT following news of a partnership with Fidelity and other issuers on their proposed spot bitcoin exchange-traded funds. The gains contributed to a larger rally that has seen the stock increase by over 138% since the start of the year.

Luminex has released the BRC69 standard, which aims to optimize the cost of Bitcoin NFT minting through Recursive Inscription

July 3 (Cointime) - Bitcoin NFT Launchpad Luminex officially released the BRC69 standard, which uses recursive inscriptions to optimize the cost of minting NFTs on Bitcoin using the Ordinals protocol. The standard preserves all on-chain resources while achieving over 90% block space optimization.

Coinshare :Bullishness continues with US$125m Inflows

July 3 (Cointime) -According to Coinshare, Digital asset investment products saw a second week of inflows totalling US$125m, bringing the last two weeks of inflows to US$334m, representing almost 1% of total assets under management (AuM).Bitcoin remained the primary focus of investors, seeing inflows of US$123m, with the last 2 weeks inflows representing 98% of all digital asset flows.

Bitcoin Trades Steadily Above $30.5k Despite SEC Blocking Spot Bitcoin ETFs

July 2 (Cointime) - Over the weekend, Bitcoin remained steady above $30.5k, with both longs and shorts experiencing 24-hour liquidations totaling $32.7M and $34.2M, respectively.

Man Sentenced to Six and a Half Years for Hiring Hitman with Bitcoin

July 3 (Cointime) - John Michael Musbach, a resident of Haddonfield, New Jersey, has been sentenced to six and a half years in jail for hiring a hitman to murder a child who was about to testify against him in a child pornography case. He transferred $20,000 worth of bitcoin to the "executor" to carry out the hit.