Three Key Bitcoin Updates in July 2024

Krutika Adani

Bitcoin Above $66K

For the latter part of July, Bitcoin has been above $66k even after a correction led to a price fall.

Bitcoin on Las Vegas Sphere

The top crypto has recently found a spot on the Las Vegas Sphere, which will further contribute to its immense popularity.

Mt Gox Reimbursement Begins

The third impact on Bitcoin’s price comes from the Mt. Gox repayments, which could trigger another selloff as investors get their hands on their Bitcoins 10 years later.

Where Is Bitcoin Headed Next

At press time, Bitcoin had gained 4.5% in the last 24 hours and is ready to cross the hurdle at $70k. Once it crosses the resistance, there would be only a single resistance after that at $73k.

Significant Events in 2024 for Bitcoin

Two events that are expected to impact Bitcoin’s prices are the US elections and the US Fed meetings.

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