The last time the put-call ratio dropped to six-month lows was during the December-January bull run.
BTC starts July on a negative note, although buyers could return at $30K support.
Last year’s End SARS protests over police brutality were a catalyst for Bitcoin adoption in Nigeria, says Nwachukwu, ahead of CoinDesk’s Crypto State event.
Bitcoin stalled during Asia hours as buyers took profit near $36K resistance. Support at $30K-$33K
The metric is tied to miners and may be distorted by China's mining ban.
Bitcoin could see a minor breakout toward the top of a two-month range near $40K.
The judge had no option but to rule a default judgment because Cobra chose not to make an appearance, according to Wright's representation.
The banking giant has been increasingly active in the cryptocurrency space to meet increased demand from its clients.
Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.
The statement comes after Mexican billionaire Ricardo Salinas Pliego said his bank would accept bitcoin.
Concerns about the extent of the China crackdown have contributed to the past months' decline in bitcoin's price to about $34,200.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Bitcoin is under pressure after reaching $35K resistance. Support at $30K could stabilize the current pullback.
Crypto investments in the country have surged to $40 billion from $200 million a year ago.
Weak trading volume points to a lack of institutional and retail interest, according to one expert.