The growth of bitcoin is running out of steam: the second day of BTC closes with doji candles.
JPMorgan notes an improvement in investor sentiment, but only small players are active. The CEO of deVere expects a "significant" jump in prices by the end of the year.
Meanwhile, Tesla sold 75% of its bitcoins in the second quarter.
Bitcoin declined by 0.6% on Thursday, ending the day around $23,200. Bitcoin tried to adjust downwards in the first half of the day. In the future, BTC played almost all the decline in the American session against the background of the growth of US stock indices. The first cryptocurrency closes the second day with doji day candles, indicating uncertainty in the market.
The improvement in investor sentiment and growing interest in Ethereum on the eve of the transition to PoS provoked the recovery of the crypto market, JPMorgan notes. The growth driver is the activity of retail investors, while there is no inflow of funds into crypto funds.
Nigel Green, CEO of the deVere Group consulting company, believes that confidence is returning to the cryptocurrency market. In his opinion, the final cleaning of the market from "weak hands" is still possible before a significant jump in prices by the end of the year.
Tesla, the largest manufacturer of electric vehicles, sold 75% of its bitcoins from April to June due to economic problems. As a result, the company earned $ 936 million, according to the company's quarterly report. At the same time, the company has not sold "any" Dogecoin, Musk noted. Earlier, he said that he would continue to support the coin, despite the market correction.
Finland has sold off most of the stock of bitcoins confiscated before 2018, worth over 45 million euros.
Goldman Sachs, together with the HQLAx platform, carried out the first largest securities lending operation using blockchain technology.
Market veteran Peter Brandt criticized MicroStrategy CEO Michael Saylor for saying that bitcoin is a digital commodity asset and is provided with energy. According to Brandt, BTC is an asset with excessive energy consumption, besides without obvious economic functions.
The developers of Shiba Inu have signed an agreement with the American visualization studio The Third Floor to create a virtual world of SHIB: The Metaverse Project.