Issuing a warning that “a financial collapse worse than previous ones may be on the horizon,” Advice pointed out that China should be closely monitored in this regard.

According to the analyst, a potential crisis in China’s real estate market could overshadow the Federal Reserve’s rate cuts or even Donald Trump’s potential election victory.

Bitcoin braces for the worst In a recent post on X (formerly Twitter), Wise Advice highlighted a new risk looming over Bitcoin (BTC).

China’s real estate inventories have plummeted to their lowest levels since 2008. With the country’s real estate sector accounting for over 18% of global GDP, Advice believes this significant proportion heightens the risks.

The analyst commented:

“We’ve overcome challenges like Grayscale, Mt. Gox, the German government, and the Japanese stock market crash, but now there’s something brewing that could trigger further declines.”

Advice emphasized that many U.S. companies and banks have direct exposure to China’s real estate market, suggesting that the potential crisis in China could negatively impact U.S. stocks. He also warned that Bitcoin (BTC) might not escape unscathed from this fallout.

However, Advice remains optimistic about the long-term outlook, claiming that any downturn caused by China’s real estate market would be short-lived. “In the long run, BTC and crypto will only rise,” he said. The analyst also suggested that a potential collapse in the U.S. markets could lead the government to ramp up money printing efforts.

According to CoinGecko, BTC recorded a trading volume of $31.5 billion in the last 24 hours.

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The post Bitcoin Faces a New Threat from China! appeared first on Coin Engineer.

Conducted between June 25 and July 8, the survey polled 2,558 individuals, with 94% of respondents indicating they have investments in cryptocurrencies. Among the participants, 49.3% expressed a relatively positive outlook for the industry. While nearly a quarter of respondents were split between “bearish” and “somewhat bearish,” another quarter identified as “neutral,” indicating no significant upward or downward movement is expected in the market.

Positive Sentiment Persists Despite Market Volatility

CoinGecko research analyst Lim Yu Qian stated, “The large proportion of neutral sentiment reflects investors’ uncertainty about the direction of the cryptocurrency market.”

Among the four survey groups (investors, traders, developers, and observers), traders were the most pessimistic about crypto, while long-term investors emerged as the most optimistic group, followed closely by those working in the crypto space.

Bitcoin Price Movements and Market Outlook

Bitcoin has fallen by approximately 9.5% since the halving on April 20, when mining rewards were cut in half. Bitcoin is currently trading around $57,585, up slightly from last week’s four-month low of under $54,000.

Historically, Bitcoin halvings, which occur roughly every four years, have had a positive impact on its price. However, the market continues to be pressured by the failed crypto exchange Mt. Gox and regulatory scrutiny from the German government. Investors are closely watching BTC’s price movements for any signs of a breakout.

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Why is Bitcoin Dropping?

It is clear that the cryptocurrency market is experiencing a period of increased uncertainty. While some altcoins reached their ATHs during the meme coin-driven rally in March, many others remained stagnant, supporting this observation.

Following its ATH in March, Bitcoin was expected to reach new highs after the halving event. However, the situation changed, and it traded sideways around $67,000 for an extended period. This meant it was moving further away from its March ATH of over $73,000.

Several factors are thought to be contributing to the price decline in the market, putting pressure on prices. For example, the 90% drop in Solana (SOL) stablecoin volume in the daily view and the association of its name with a potential lawsuit seem to have overshadowed even ETF-related applications.

On the other hand, the actions of the German and US governments in sending their acquired BTC to exchanges are creating significant uncertainty.

More importantly, a major announcement by Mt. Gox, one of the largest exchanges in the past, stating that repayments to creditors would begin in early July has caused great fear in the market. The estimated value of the repayment is around $9 billion.

In addition to all of this, the uncertain nature of the US economy continues to put pressure on BTC, and the price fell below this level and retreated to its current level after the latest FED interest rate decision.

How Much is Bitcoin?

As of the time of writing, the Bitcoin price is still finding buyers at $58,000. This BTC price comes after a drop of approximately 3.81% in the last 24 hours.

The decline has reduced the market capitalization to $1.146 trillion, while trading volume has increased by 47% to $40 billion amidst the ongoing selling pressure in the market.

The post Why Is Bitcoin Down Today? appeared first on Coin Engineer.

Bitcoin’s price has already shown signs of recovery, bouncing back from its recent dip below the $60,000 support level to reclaim the $63,000 mark. This positive momentum is further fueled by rising spot BTC ETF inflows, which reached a two-week high of $73 million last Friday.

QCP Capital analysts echo the optimistic sentiment, highlighting Bitcoin’s historical tendency to perform well in July. The asset has averaged a 9.6% return during this month, particularly after experiencing a negative June. This seasonal trend, coupled with the upcoming ETH spot ETF launch, is fueling investor expectations for a bullish July.

Despite the overall bullish outlook, Bitcoin’s price has experienced a slight dip in response to the German government’s Bitcoin sale. As of writing, BTC is trading at $62,826, while Ethereum remains at $3,482.

The post Bitcoin Price Poised for Summer Rally as Analysts Predict July Bull Run appeared first on Coin Engineer.

Arkham‘s data reveals that the German government transferred a total of 1,500 BTC (worth approximately $94 million) to several addresses, including those on major cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. The breakdown shows:

600 BTC and 500 BTC sent to unknown addresses in two separate transactions.

200 BTC transferred to a Bitstamp address.

100 BTC each sent to Coinbase and Kraken addresses.

U.S. Government Activity Involves Seized Assets

Data also suggests the U.S. government transferred 3,375 ETH (around $11.75 million) from an address containing assets seized from Estonian entrepreneurs Sergei Potapenko and Ivan Turõgin. This transfer went to an unknown address.

These transactions follow similar movements by both governments last week, further fueling speculation.

U.S. government-linked wallets reportedly hold roughly 213,534 BTC (valued at $13.42 billion) and 50,524 ETH (worth approximately $175.9 million) alongside other crypto assets (according to Arkham).

The German government’s holdings are estimated at 44,692 BTC (valued at $2.81 billion).

The post U.S. and German Governments Move More Bitcoin and Ether appeared first on Coin Engineer.