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Bitcoin Price Drop

Bitcoin Investors Won’t Sell BTC Even if Price Drops to $3K, Peter Schiff’s Poll Shows

Bitcoin Investors Won’t Sell BTC Even if Price Drops to K, Peter Schiff’s Poll ShowsGold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […]

UAE expects digital dirham rollout in Q4 2025

Bitcoin ‘potentially reached’ local bottom, Bitfinex says

Bitfinex analysts pointed out several reasons suggesting that Bitcoin’s bloodbath should be over soon.

After facing a massive sell-off in June, Bitcoin might have potentially reached a local bottom, according to a new report by analysts from the Bitfinex exchange.

Bitcoin’s (BTC) price plummeted below the 120-day range on July 3, dropping to as low as $53,219 amid the increasing fear, uncertainty and doubt related to the start of Mt. Gox’s creditor repayments and other issues.

Bitfinex analysts suggested on July 8 that Bitcoin might have reached a local bottom based on market data over the weekend, even though Mt. Gox is yet to distribute 94,457 BTC — or about 67% of total BTC in repayments collected for creditors.

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UAE expects digital dirham rollout in Q4 2025

Bitcoin falls below $63K after BTC whale transactions drop 42%

Bitcoin transactions worth $100,000 or above have significantly fallen over the past two days. Meanwhile, Bitcoin has retraced below $63,000.

Bitcoin whales slowed their transaction activity in the past two days, just before Bitcoin’s price slipped below $63,000.

On June 23, the total number of Bitcoin whale transactions  (exceeding $100,000) was 9,923 over the previous two days, a 42% decrease from the 17,091 transactions recorded the two days prior, according to data from Santiment.

The change in whale behavior comes amid the price of Bitcoin (BTC) falling from $64,685 to $63,422 and has since declined further to $62,531 at the time of publication, according to CoinMarketCap data.

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UAE expects digital dirham rollout in Q4 2025