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First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles

First Mover Americas: Bitcoin Relief Rally Stalls at $63K as Crypto Rebound Faces Hurdles

The latest price moves in bitcoin (BTC) and crypto markets in context for July 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Market Confidence Could Quickly Crumble, BIS Warns Indebted Nations

BIS, the umbrella body for central banks highlights, highlights risks from mounting fiscal debt worldwide and premature rate cuts.

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CoinShares notes potential sentiment turn for bitcoin despite ETFs’ weekly outflow streak

However, there are signs sentiment is turning for bitcoin, according to CoinShares Head of Research James Butterfill.

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Marine Le Pen’s Far-Right National Rally Party Leads in First Round of French Election

The far-right party associated with Marine Le Pen led in the first round of France’s two-part election.

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Bitfinex Securities to launch two new tokenized bonds on Liquid Network

The tokenized bonds target raising up to $10 million in USDT as part of an ongoing issuance program with Mikro Kapital.

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Metaplanet Buys Another $1.2M Worth of Bitcoin as Investment Strategy Progresses

The Japanese investment adviser said it acquired more than 20.2 BTC.

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Analysts say July could be a strong month for bitcoin and ether based on historical trends

July’s positive seasonality could be notable for crypto investors, as bitcoin and ether have historically performed better during July.

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German government moves additional $94 million worth of bitcoin to exchanges

The U.S. and German governments both made a large amount of crypto transactions today following similar moves last week.

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Pump.fun’s cumulative revenue crosses $50 million

So far, over 1.18 million memecoins have been deployed via pump.fun, according to data from Dune Analytics.

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Gemini signs 5-year bitcoin sponsorship deal with Peter McCormack’s football club

Gemini has signed a five-year sponsorship agreement with Real Bedford football club. The deal will be paid in bitcoin.

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