Positive $BTC price dynamics against strong economic data
Positive $BTC price dynamics against strong economic data
The positive dynamics of the Bitcoin price are taking place amidst a rebound in US consumer confidence and a fall in inflation. Bitcoin has reached a new year-to-date high due to a massive buying wall, a shift in the futures markets, and the cancellation of short positions. However, there is still downside risk to consider. HODLers dominate the market, with 70% of all Bitcoin supply untouched for a year.
In Bitfinex Alpha this week, we look into how the positive $BTC price dynamics are taking place against a backdrop of strong economic data 💪 We’re seeing a rebound in US consumer confidence and a fall in inflation ✅ Get more details: go.bitfinex.com/Alpha83T
Bitfinex Alpha is back with news that 70% of all Bitcoin supply has been untouched for a year, as the HODLers dominate the market ✅ Over 80% of BTC is now in the green, but the hodlers are untempted to sell 📈 go.bitfinex.com/Alpha82p3T
What’s the $BTC price looking like today? 👀 Now at 41,859 USD, Bitcoin is ⬆️ by 6.02% 🔥 And trading volume is at over 105 million USD 🐳 Learn more about Bitfinex's deep liquidity: trading.bitfinex.com/t/BTC:USD
Bitcoin is at over 41,000! 🚀 $BTC has reached a new year-to-date high thanks to a massive buying wall, a shift in the future markets and a wipe out of shorts. Read the latest Bitfinex Alpha to find out more: go.bitfinex.com/Alpha83T
Bitcoin Bounces Back as ETF Flows Turn Positive
Bitcoin recovered from $112K lows to $115.8K, driven by a shift from ETF outflows to $769M net inflows over 3 days. The recovery was supported by crypto treasury firms holding nearly $90B in assets. Key points: - Price broke above $119.5K resistance level - Previous week saw $1.1B in long liquidations - Market showing resilience despite recent volatility The bounce suggests institutional confidence remains strong despite recent market turbulence. However, traders should monitor if the price can maintain momentum above key resistance levels.
Bitfinex Hosts AMA with Polygon CEO to Discuss MATIC to POL Transition
Bitfinex announces an exclusive AMA session with Polygon CEO Sandeep Nailwal on August 8 at 6PM UTC via Telegram. Key Details: - Focus on Polygon's transition from MATIC to POL token - Hosted by BitFreedomGus on Bitfinex's Telegram channel - Community members can submit questions in advance The AMA will provide insights into Polygon's strategic rebrand and future developments. Join the discussion at [Bitfinex Telegram](https://t.me/bitfinex).
Liquid Network Launches Simplicity Smart Contract Language for Bitcoin
Blockstream's Liquid Network has introduced Simplicity, a new smart contract programming language designed specifically for Bitcoin. This development represents a significant step in expanding Bitcoin's smart contract capabilities. Key points: - Simplicity offers a secure and flexible alternative to Ethereum's Solidity - The language enhances Liquid Network's technical capabilities - Integration enables smart contract functionality while maintaining Bitcoin's security model Learn more about Simplicity's features and potential impact on the Bitcoin ecosystem in the [official announcement](https://blog.bitfinex.com/education/what-can-simplicity-bring-to-the-liquid-network/)
Latin American Institutions Eye Crypto Adoption Amid Regulatory Challenges
Latin American financial institutions show growing interest in digital assets, though regulatory uncertainty remains a key barrier to widespread adoption. - El Salvador's clear regulatory framework serves as a model for regional development - Colombia sees expansion in institutional participation, tokenization initiatives, and stablecoin usage - Bitfinex Business Day and CriptoLatinFest events highlight growing infrastructure development The region demonstrates strong potential for crypto integration, particularly in institutional settings, as regulatory frameworks continue to evolve. [Watch the full discussion](https://youtu.be/TPlCkp95vo8)
SEC Launches Project Crypto to Modernize US Digital Asset Regulation
SEC Chair Paul Atkins has announced Project Crypto, a comprehensive initiative to modernize U.S. securities regulation for the blockchain era. The project aims to address regulatory ambiguity that has pushed innovation offshore. Key components include: - Framework for tokenized securities and stablecoins - Support for compliant ICOs and airdrops - Updated custody rules affirming self-custody rights - Regulatory structure for crypto super-apps - Innovation exemptions for new technologies The initiative acknowledges growing institutional interest in tokenization from Wall Street firms and tech companies. Project Crypto seeks to position the U.S. as a leader in tokenized finance while maintaining appropriate regulatory oversight.