Bitcoin (BTC) trades slightly up at the time of writing on Wednesday, rising by 0.14% at $65,158 after closing above the daily resistance level of $64,913 the day before.
US spot Bitcoin ETFs records inflows totaling $422.50 million on Tuesday, the largest since June 6. As reported by Tree News, Kraken notified Mt. Gox creditors that it had received its share of the funds. On-chain data MVRV Z-Score shows that BTC is undervalued, suggesting a bullish move ahead. Hermetica, a Bitcoin DeFi protocol, launched its BTC-backed USDH on Bitcoin 's L1 using the Runes protocol. Bitcoin trades slightly up at the time of writing on Wednesday, rising by 0.
We believe that 3JQieEzccKjFS34oW8KZSGBDndiH1YyFrE is most likely associated with Kraken, one of the exchanges involved in repaying Mt. Gox creditors. This address received 48,641 BTC from Mt. Gox this morning, which remains unspent. The… https://t.co/FfFQcI9Xvr pic.twitter.com/4T3tuC3CSM — Arkham July 16, 2024 According to Coinglass Bitcoin Spot ETF data, Tuesday saw inflows totaling $422.50 million, with Blackrock's ETF adding 4,020 BTC valued at $260.20 million.
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