Altcoins Sell-Off Scheduled for July 1: This Company Readies to Sell $215 Million in Cryptos

As the crypto market holds its breath, one company is readying to drop a bombshell that could echo through the corridors of digital currency. On July 1, Celsius Network, a now-bankrupt crypto lender, plans to sell off a staggering $215 million in altcoins, marking an unprecedented liquidation.

Timeline of Axie-infinity, Bitcoin-cash, Bitcoin

Despite these turbulent times in the crypto market, a group of Bitcoin behemoths, known colloquially as ‘Bitcoin whales,' has been making waves. The ebb and flow of Bitcoin's market value have kept these substantial investors, who have seized the opportunity to acquire more cryptocurrency, leveraging the downturn to their advantage.

Saylor believes that Bitcoin will maintain strong dominance and perhaps even grow to over 80%. His expectation is based on the growing hash rate, as well as the improving regulatory environment.

Bitcoin (BTC) miner Iris Energy IREN shares have jumped by nearly 20% following news of its planned 9.1 exahashes/second (EH/s) expansion. Data from Nasdaq shows that miner shares rose to $4.09 from $3.53 during early trading hours of June 20.

BTC Power will add Tesla's standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford and General Motors sent shockwaves through they industry by adopting the technology.

Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant online presence, was charged with grave offenses of human trafficking and rape on December 29, 2022.

Axie Infinity's (AXS) price slid to a three-year low amid the ongoing legal battle against US SEC. In addition to the price decline, on-chain data shows players are increasingly abandoning the GameFi protocol.

Bitcoin's dominance on the global cryptocurrency market is charging toward a key milestone, indicating a potential shift in market sentiment favoring the original digital currency.

Despite its recent resurgence to regain the 200-week moving average (WMA), Bitcoin's price has remained within a tight trading range for the past week. BlackRock's announcement of integrating Bitcoin into their ETF portfolios and Bitwise's refiling for a Bitcoin spot ETF are significant news that could potentially move Bitcoin's price.

Bitcoin Cash (BCH) price has rebounded above $100 after briefly dropping below the milestone support level on June 10. On-chain data shows that the media and concerned stakeholders still appear focused on capital flowing from altcoins to BTC and ETH.

BTC/USD Weaker After Testing 27051: Sally Ho's Technical Analysis – 21 June 2023 Bitcoin (BTC/USD) continued to cede recent gains early in the Asian session as the pair came off after testing the 27051.39 area, representing the 61.8% retracement of the recent depreciating range from 28473.93 to 24750. Buying pressure recently strengthened around the 26236.80 area during the appreciation, representing the 23.6% retracement of the broader depreciating range from 31050 to 24750.