Morgan Stanley Announces Investment in BlackRock’s Spot Bitcoin ETF
Morgan Stanley disclosed that it held more than 5.5 million shares worth $187.79 million in BlackRock’s iShares Bitcoin Trust as of June 30. That makes the bank one of the ETF’s five largest shareholders. The bank also reduced its position in the ARK 21Shares Bitcoin ETF and nearly completely liquidated its position in the Grayscale Bitcoin Trust.
US Inflation Report and Bitcoin’s Response
The US CPI report came out in line with expectations with a monthly increase of 0.2%. Bitcoin price experienced short-term fluctuations. First it rose, then it stabilized again. The $60,000 level was lost.
Wisconsin Investment Board Moves Bitcoin ETF
The Wisconsin State Investment Board increased its holdings in BlackRock’s iShares Bitcoin Trust by purchasing almost 448,000 additional shares, but the dollar value of the position has decreased due to falling prices. The board has divested its entire investment in the Grayscale Bitcoin Trust and increased its investments in Coinbase and Marathon Digital.
Goldman Sachs’ Bitcoin ETF Holdings
Goldman Sachs has significant positions in several Bitcoin ETFs, with its largest investment being $238.6 million in BlackRock’s iShares Bitcoin Trust. Previously skeptical of cryptocurrencies, Goldman Sachs now recognizes the potential of Bitcoin ETFs to transform the financial system.
Silk Road Moves Bitcoins to Coinbase
10,000 Bitcoins worth an estimated $600 million seized from the Silk Road dark web marketplace were recently transferred to a Coinbase Prime wallet. The move follows an earlier transaction of $2 billion worth of Bitcoin linked to the U.S. government.
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BITCOIN (BTC)
BTC is priced at $58,500 with a 0.29% loss in value as of the morning hours. A decline was observed after yesterday’s data. An increase was made to $61,500, but it could not be sustained here either. A pullback was observed to $58,000. There seems to be an instant reaction from this region. If the downward movement continues, $56,000 seems to be the strongest support position.
ETHEREUM (ETH)
ETH is priced at $2654 with a 0.26% loss in value as of the morning hours. There was an increase from $2150 to $2700. Permanence could not be achieved at this level. In pullbacks, $2400 seems strong after $2500. If a breakdown occurs below the $2400 level, pullbacks to $2200 may be seen. If $2780 is broken upwards, pricing up to $3000 may be seen.
RIPPLE (XRP)
XRP is priced at $0.5692 with a 0.11% increase in value as of the morning hours. It rose to $0.65 due to the news, but it was not permanent. In pullbacks, a pullback to $0.54 may occur. In prices above $0.60, increases to $0.70 may be seen.
AVALANCHE (AVAX)
AVAX is priced at $20.91 with a 0.20% loss in value as of the morning hours. It was able to rise from $17.30 to $22.83. It works as resistance between $23 and $24. In pullbacks, $20 and $18 appear as strong support areas. In prices above $23, an increase of up to $25 may be seen.
SOLANA (SOL)
SOL is priced at $144.71 with a 0.72% gain as of the morning hours. The pullback continues after the rise from $112 to $164. The pullback may continue to $128. If it reacts from $128, it may rise again to $170. The pullbacks are strong at $132 and $116.
CHAINLINK (LINK)
LINK is priced at $10.49 with a 0.96% gain in value as of the morning hours. When we examine the hourly chart, LINK, which continues its horizontal movement between this level and 10.90 after breaking the 9.30 region, is performing an upward re-test of this region after breaking the 10.10 level, which is the middle band of the horizontal movement, downward. If LINK rises above this level, it can target $10.90 and then the $12 region, but if there is no upward break, we can expect a pullback to 9.30.
OUNCE GOLD
The ounce of gold is priced at $2451 with a 0.14% increase in value as of the morning hours. When we examine the 4-hour chart of gold, we see that it has made a horizontal movement between 2360 – 2480, and the 2420 and 2440 regions work as support in this range. The price movement was not enough for the new ATH yesterday. A new ATH can be seen at closings above $2477.
OUNCE SILVER
Silver is priced at $27,685 with a 0.43% increase in value as of the morning hours. When we examine the hourly chart, we see that the horizontal movement between the $26.50 and $27.50 levels could not be sustained despite the upward break and there was a downward movement again. If this movement continues, the $27.20 and $27 levels can be followed as support.
