June 29 (Cointime) - Despite Bitcoin's price remaining in the $30,000 range, there is a trend of accumulating the digital currency. A significant amount of coins are being directed into wallets with minimal or no spending history, indicating a preference for accumulation among long-term investors.

June 29 (Cointime) - Data from Kaiko shows that Bitcoin's correlation with the Nasdaq dropped to 3% in June, indicating a divergence in sentiment between cryptocurrencies and tech stocks.

June 29 (Cointime) - Crypto analyst Michaël van de Poppe is optimistic about Bitcoin's future, citing increased interest from institutional investors. He predicts that Bitcoin could experience a 10x to 15x rally in the lead-up to and aftermath of the halvening, with a market cap potentially reaching $10 to $20 trillion.

June 29 (Cointime) - Bitcoin's Over-The-Counter (OTC) holdings, which refer to the amount of Bitcoin held by decentralized dealer networks, have surged to their highest level in the past year, with inflows consistently outpacing outflows since May 2023.

June 29 (Cointime) - KuCoin, a prominent cryptocurrency exchange, has published its Cryptoverse report on Germany, which highlights the rising acceptance of cryptocurrencies in the country. The report is based on a survey of adult crypto investors aged 18 to 60 and shows that 26% of German crypto users joined the market in the past quarter, with millennials leading the way.

June 29 (Cointime) - Bitcoin and Ether experienced gains on Thursday in Hong Kong trading, as investor optimism remained high. Fidelity's upcoming submission of its own spot Bitcoin ETF application is viewed as a significant step towards legitimizing cryptocurrencies.

June 29 (Cointime) - According to data from on-chain analytics firm Glassnode, short-term holders of Bitcoin (BTC) are sending tens of thousands of coins to exchanges, indicating a desire to sell at the $30,000 price point.

June 29 (Cointime) - The lower house of North Carolina's legislature has passed a bill that would require the state treasurer to study the feasibility and benefits of holding Bitcoin and gold bullion. The $50,000 study would investigate the impact of holding cryptocurrency and gold on the state's funds, including whether they could act as a hedge against inflation and systemic credit risks. The bill also considers the creation of a state-administered depository for crypto, with North Carolina acting as the custodian of its virtual asset holdings. The bill must now pass the Senate before it can become law.

June 28 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Polkadot (DOT) has recovered from substantial losses in early June but has not yet reclaimed its April high of $7. DOT's price action has been constricting within the $5.0 - $5.21 range since 23 June and unless Bitcoin gives a clear direction, DOT's short-term range bound could persist. Open Interest (OI) rate fluctuations below $140 million have been marked by DOT's fluctuations above $5.0.

June 28 (Cointime) - Crypto companies that had partnered with Prime Trust are addressing concerns about the safety of their customers' assets following the custodian's collapse. Some firms, particularly those that only deal in Bitcoin, are in a worse position than others. Coinbits, a platform for buying, selling, and saving in Bitcoin, has stated that it intends to fight for its members who have funds locked up with Prime Trust.