Samsung’s cutting-edge 3nm GAA chip technology has been discovered and implemented in MicroBT’s new Whatsminer M56S++ Bitcoin mining rig, marking the first confirmed real-world application of the chip one year after its release.
After briefly surging back above $30,000, Bitcoin’s price has once again dipped below this key level. BTC has failed to maintain the $30k support, causing uncertainty among traders about future upward momentum. There is currently a lack of confidence that new highs are on the horizon for Bitcoin amid its ongoing price volatility.
According to a long-term “parabolic” indicator, Litecoin and XRP could soon rally and outperform Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.
The recent breakout of XRP above the Ichimoku cloud resistance level is seen as a positive indicator for Bitcoin’s potential to stage a similar breakout and sustain its rally, according to technical analyst Katie Stockton of Fairlead.
Despite Bitcoin prices rising 7% in Q2, crypto trading volumes still contracted 43% for the quarter according to CoinGecko data.
Democratic presidential candidate Robert F. Kennedy Jr. discussed his Bitcoin-related policies, such as backing the U.S. dollar with Bitcoin and exempting Bitcoin income from capital gains taxes, during a speech at a Heal-the-Divide PAC event.
After falling to its lowest price since June, bitcoin recovered back above $30K but continues trading sideways around that level as the market awaits a potential SEC decision on a Spot Bitcoin ETF approval.
Binance has integrated the Lightning Network to enable faster, cheaper Bitcoin deposits and withdrawals for its users.
Ripple’s legal win against the SEC triggered an altcoin rally led by XRP, with Solana, Cardano, and Polygon dramatically outperforming Bitcoin and Ethereum this week.
The SEC’s formal acceptance of BlackRock’s bitcoin ETF application indicates the regulatory agency will thoroughly review the high-profile crypto fund submission.
