Bitcoin's price currently stands at $30,558, experiencing a slight drop of nearly 0.50% on Sunday.

The recent rejection of Bitcoin spot-price ETF applications by the US SEC surprised bullish investors hoping to maintain Bitcoin's price above $31,000.

In other news, Cboe has resubmitted Spot Bitcoin ETFs in partnership with Coinbase, although the SEC remains cautious.

Additionally, FTX's successful recovery of billions in assets has positively impacted Bitcoin prices.

Stay tuned as we analyze Bitcoin's potential trajectory and explore the factors influencing its price movement.

The Chicago Board Options Exchange (Cboe) has resubmitted four 19b-4 files for spot Bitcoin exchange-traded funds (ETFs) in response to compliance concerns raised by the SEC.

Notably, Coinbase has been added as a partner in the surveillance-sharing arrangement for these ETFs.

Including Coinbase as an SSA partner in Cboe's filings is a significant development, especially considering BlackRock's previous designation of Coinbase as its SSA partner.

However, it's worth noting that Ark and BlackRock did not resubmit their applications.

Despite approving several futures ETFs, the SEC remains skeptical about the ability of spot Bitcoin ETF sponsors to protect against manipulation and ensure investor safety.

This cautious stance by the regulatory agency has implications for the market. Ongoing deliberations and revisions, along with the involvement of Coinbase, may influence investor sentiment and potentially impact Bitcoin prices as market participants assess the prospects of a spot Bitcoin ETF within the regulatory landscape.

In a significant development, FTX has successfully recovered approximately $7 billion in liquid assets, with ongoing efforts to locate additional assets.

However, the extensive commingling of assets has posed challenges to their recovery operations.

The FTX Debtors, including FTX and its affiliates, currently estimate the value of misappropriated client assets at $8.7 billion.

Most of this amount, around $6.4 billion, consists of fiat and stablecoins.

Investigation findings indicate that the former FTX leadership intentionally misused customer deposits, ruling out any accidental commingling.

This news has positively impacted Bitcoin (BTC) prices, helping mitigate losses over the weekend.

The recovery of significant assets by FTX has likely instilled confidence among market participants, favorably influencing BTC prices.

Looking at the technical analysis, Bitcoin's current outlook remains relatively unchanged as it faces a significant hurdle at the $31,000 level.

A successful breakthrough at this level could potentially pave the way for further targets at $32,500 and $34,000.

Conversely, if Bitcoin fails to hold the crucial support level of $30,000, it may experience downward pressure toward the 38.2% Fibonacci retracement level at $28,700 or even the 50% retracement level at $28,000.

Additionally, the 50-day exponential moving average around the $28,000 mark could be a noteworthy resistance point for any downward movement in Bitcoin's price.

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This meticulously curated list has been assembled by industry experts from Industry Talk and Cryptonews, guaranteeing professional recommendations and valuable insights.

Stay ahead of the curve and uncover the potential of these cryptocurrencies as you navigate the ever-evolving landscape of digital assets.

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

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Bitcoin Price Prediction as BTC Shoots Past $30,000 Resistance ... - Cryptonews

The cryptocurrency markets were majorly trading higher in Monday's trade. Bitcoin (BTC) rose 0.65% to $30,688, whereas Ethereum (ETH) was above the $1,900 level.BTC volume stood at approximately $10.92 billion, rising 26.43% in the last 24 hours.

"Bitcoin began the new week trading above the US$30,700 mark but struggled to surpass the US$31,000 level, indicating a lack of urgency among bulls to secure profits at this time," Edul Patel, Co-founder, and CEO at Mudrex, said.

Other top crypto tokens were also trading higher. Polkadot, Polygon, and Avalanche rose by over 3%. Meanwhile, BNB, Dogecoin, and Litecoin also traded with gains. The global cryptocurrency market cap was trading higher, around $1.21 trillion, rising 1.10% in the last 24 hours.

The total volume in DeFi is currently 2.55 billion, 8.46% of the total crypto market 24-hour volume. The volume of all stablecoins is now $26.98 billion, which is 89.53% of the total crypto market 24-hour volume.

"Bitcoin is currently at $30,770, showing no clear dominance by bulls or bears in the broader market. To gain control, buyers need to push the price back to the $31,200 level, which could potentially lead to a break above the $31,458 resistance level," Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.27 hours, IST on July 03, 2023)

Bitcoin $30,688 0.65%Ethereum $1,945 1.60%Tether $0.9999 -0.01%BNB $247 0.74%

(Note: Price chage in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Crypto Price Today: Bitcoin holds above $30,600; Polkadot, Polygon rise over 3% - The Economic Times

Fidelity Investments has led a handful of firms that have filed a fresh set of applications for a spot-Bitcoin exchange-traded fund to add new details after the US Securities and Exchange Commission (SEC) indicated that the initial filings were insufficient.The companies which also include Invesco, VanEck, 21Shares and WisdomTree are among eight that are seeking to launch what would be an initial crop of US spot Bitcoin ETFs. BlackRock Inc. set off the wave with its surprise filing for such a fund in mid-June. All of the five that refiled Friday indicated that Coinbase Global Inc. will provide market surveillance in support of their funds, a fact that wasnt included in previous iterations. Crypto market surveillance may be key to gaining SEC approval for a spot Bitcoin ETF. The surveillance can dramatically reduce fraud and market manipulation, which were top reasons the agency rejected around 30 spot Bitcoin ETF applications to date.Coinbase is also in line to provide various services for the other proposed fund issuers, according to a person familiar with the matter who wasnt authorized to speak about the deals publicly. Besides BlackRock, these companies include Valkyrie and Bitwise. In a recent filing, 21Shares said Coinbase would provide custody services as well. The other issuers declined to confirm whether Coinbase would be involved.

Fans of digital assets are excited about the prospect of crypto potentially becoming more easily accessible to everyday investors, and the wave of filings has been a boon for token prices.

To be sure, rule filings arent effective until approved by the SEC.

Following BlackRocks filing for the ETF in mid-June, seven other firms filed or refiled for spot ETFs amid market optimism that the SEC will reverse its long-standing view that the funds shouldnt be allowed. In evidence of a partial thaw, the agency did allow ETFs tied to Bitcoin futures in 2021.

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Fidelity leads flurry of Bitcoin ETF refilings to answer US SEC - Economic Times

The Karnataka government led by the Congress had ordered the formation of a Special Investigation Team (SIT) to probe alleged Bitcoin scam that took place during the previous Bhartiya Janata Party (BJP)'s rule in the state.

The Karnataka government led by the Congress had ordered the formation of a Special Investigation Team (SIT) to probe alleged Bitcoin scam that took place during the previous Bhartiya Janata Party (BJP)'s rule in the state.

Karnataka Government orders an SIT probe into Bitcoin scam. Bengaluru Commissioner B Dayananda had asked the Government to order a CID probe into the matter. ADGP Manish Karbikar to head the probe", Karnataka Home Minister Dr G Parameshwara told ANI on Monday. The Congress Party has said many BJP leaders are involved in the case.

Karnataka Government orders an SIT probe into Bitcoin scam. Bengaluru Commissioner B Dayananda had asked the Government to order a CID probe into the matter. ADGP Manish Karbikar to head the probe", Karnataka Home Minister Dr G Parameshwara told ANI on Monday. The Congress Party has said many BJP leaders are involved in the case.

The Congress government in Karnataka had last week said it will get the Bitcoin scam that took place during the previous BJP government thoroughly investigated.

The Congress government in Karnataka had last week said it will get the Bitcoin scam that took place during the previous BJP government thoroughly investigated.

Karnataka Chief Minister Siddaramaiah had said all irregularities and scams of the BJP government including the Bitcoin scam will be probed.

Karnataka Chief Minister Siddaramaiah had said all irregularities and scams of the BJP government including the Bitcoin scam will be probed.

After the Karnataka Government's official statement AICC president Mallikarjun Kharge's son and Karnataka Government minister Priyank Kharge said, As I said, STF, SIT, judicial inquiries and departmental inquiries will happen. We already formed Kalyana Karnataka Region Development Board...SIT, bitcoin...it's just a matter of time. We came to power a month back and already 2-3 investigations are going on, including in my own department. We will ensure that people get justice for all the injustice that happened in the previous regime"

After the Karnataka Government's official statement AICC president Mallikarjun Kharge's son and Karnataka Government minister Priyank Kharge said, As I said, STF, SIT, judicial inquiries and departmental inquiries will happen. We already formed Kalyana Karnataka Region Development Board...SIT, bitcoin...it's just a matter of time. We came to power a month back and already 2-3 investigations are going on, including in my own department. We will ensure that people get justice for all the injustice that happened in the previous regime"

Srikrishna, aka Sriki, was arrested by the Central Crime Branch (CCB) police on November 18, 2020, in a drug peddling case. He had allegedly bought drugs from international dealers using bitcoins on the dark web. In the interrogation that followed, CCB found that the software engineer turned hacker was also involved in a series of online crimes, reported Hindustan Times.

Srikrishna, aka Sriki, was arrested by the Central Crime Branch (CCB) police on November 18, 2020, in a drug peddling case. He had allegedly bought drugs from international dealers using bitcoins on the dark web. In the interrogation that followed, CCB found that the software engineer turned hacker was also involved in a series of online crimes, reported Hindustan Times.

He allegedly hacked into websites to steal their data and locked the owners out of it. He would then demand payment in bitcoins to unlock the websites. He also confessed to creating mirror sites, or fake payment portals that mimicked real ones, to steal credit or debit card information to steal money.

He allegedly hacked into websites to steal their data and locked the owners out of it. He would then demand payment in bitcoins to unlock the websites. He also confessed to creating mirror sites, or fake payment portals that mimicked real ones, to steal credit or debit card information to steal money.

The police also said that he agreed to steal Rs. 11.5 crore from the e-procurement cell of the Karnataka e-governance centre, apart from hacking into some Bitcoin exchanges. Sriki, who has been projected as the kingpin, was arrested after he fell into the police radar for his lavish lifestyle.

The police also said that he agreed to steal Rs. 11.5 crore from the e-procurement cell of the Karnataka e-governance centre, apart from hacking into some Bitcoin exchanges. Sriki, who has been projected as the kingpin, was arrested after he fell into the police radar for his lavish lifestyle.

He would allegedly stay in five-star hotels and dine and drink with his team. Sriki's associates alleged that he would hack into poker websites and also the platform for trading bitcoin.

He would allegedly stay in five-star hotels and dine and drink with his team. Sriki's associates alleged that he would hack into poker websites and also the platform for trading bitcoin.

Then chief minister Basavaraj Bommai had denied allegation by Congress and said that fair investigation was going on in the bitcin scam.

Then chief minister Basavaraj Bommai had denied allegation by Congress and said that fair investigation was going on in the bitcin scam.

However, the Congress has alleged that several state BJP ministers are also involved in the bitcoin scam. Karnataka Home Minister and Congress leader Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated.

However, the Congress has alleged that several state BJP ministers are also involved in the bitcoin scam. Karnataka Home Minister and Congress leader Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated.

He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending that this case should be handed over to the CID for investigation.

He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending that this case should be handed over to the CID for investigation.

"Since it is apparent that this act was done using high end technological methodologies, we have written to the Director General of Police with a view that a high level probe should be conducted by an expert investigation agency," Dayananda told reporters here.

"Since it is apparent that this act was done using high end technological methodologies, we have written to the Director General of Police with a view that a high level probe should be conducted by an expert investigation agency," Dayananda told reporters here.

According to him, one stage of investigation has happened and further probe was needed to trace the involvement of some more networks because some hackers were involved, who had hacked it in an expert manner.

According to him, one stage of investigation has happened and further probe was needed to trace the involvement of some more networks because some hackers were involved, who had hacked it in an expert manner.

"They (hackers) have also hacked the government's e-procurement portal. So, an organised investigation was required," the police Commissioner said.

"They (hackers) have also hacked the government's e-procurement portal. So, an organised investigation was required," the police Commissioner said.

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Karnataka Bitcoin case: Congress govt orders SIT probe into scams of BJP government. All you need to know | Mint - Mint

As thebear market rages on,the die-hards, evangelists and Bitcoin believers just keep building. In this weeks episode of Decentralize with Cointelegraph, reporter Joe Hall spoke to CEOs, key opinion leaders and cryptographic visionaries at two of the worlds largest Bitcoin (BTC) conferences: Bitcoin 2023 in Miami, Florida, and BTC Prague in the Czech Republic.

While BTCs price has remained stubbornly under $30,000in 2023, the Bitcoin 2023 conference welcomed 15,000 Bitcoin enthusiasts through its doors just off Miami Beach. In June, the first edition of BTC Prague set records as more than 7,000 attendees hit the Czech capital to learn about and interact with Bitcoin.

Despite taking place on different continents roughly two weeks apart, the themes and discussion points overlapped. Bitcoiners compared notes on the future of Bitcoin inscriptionsknown as ordinals, and some lamented the rise in toxic Bitcoin maximalism, but both conferences set out to achieve the goal of greater Bitcoin adoption.

While Bitcoin and crypto remain a niche interest for the general public, United States presidential candidates, massive companies like eToro, and even Stanford professors participating in the discussion at Bitcoin 2023 could indicate the mainstream-ification of the Bitcoin and crypto space.

Related:Bitcoin adoption in Mexico boosted by Lightning partnership with retail giant

As Christian Anders, CEO of BTC.X explained,Its so nice to attend a Bitcoin conference because its not just a conference. Its like a big Christmas dinner.

Ultimately, while the discussions centered around how to change the world using arguably better money in the form of Bitcoin, most Bitcoin advocates were simply enthused to rub shoulders with like-minded entrepreneurs.Obi Nwosu, CEO of Fedimint, told Cointelegraph:

Indeed, from CEOs of companies building on Bitcoin with their own tokens, such as Muneeb Ali, CEO of Trust Machines and co-creator of Stacks, toDaniel Fogg of IOV Labs and Rootstock, the Bitcoin economy is a big tent in 2023.

Magazine: Peter McCormacks Real Bedford Football Club puts Bitcoin on the map

Listen to this weeks episode of Decentralize with Cointelegraph for an on-the-ground investigation of the brightest minds in Bitcoin.

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The worlds biggest Bitcoin conferences: Decentralize with Cointelegraph - Cointelegraph