{"id":133560,"date":"2024-07-20T15:00:16","date_gmt":"2024-07-20T12:00:16","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133560"},"modified":"2024-07-20T12:17:23","modified_gmt":"2024-07-20T09:17:23","slug":"ark-invest-report-highlights-bitcoins-resilience-amid-market-challenges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ark-invest-report-highlights-bitcoins-resilience-amid-market-challenges\/","title":{"rendered":"ARK Invest Report Highlights Bitcoin’s Resilience Amid Market Challenges"},"content":{"rendered":"

German authorities liquidated 50,000 BTC, seized from the pirated content platform Movie2k in 2020, pushing Bitcoin prices<\/a> <\/strong>down from over $70,000 to below $55,000. Despite this, ARK Invest points out that Bitcoin ETFs continued to attract investments, showing resilience in investor confidence.<\/p>\n

CryptoQuant data<\/a><\/strong> aligns with ARK\u2019s findings, indicating that Bitcoin miners began to capitulate after the April halving event, resulting in reduced yields and forcing miners to sell BTC to stay operational.<\/p>\n

Bitcoin ETFs saw significant inflows<\/a><\/strong>, with over $400 million added on June 16th alone. BlackRock\u2019s IBIT led the way with $260 million, the highest since early July.<\/p>\n