Bitcoin sell pressure may hit zero in July thanks to Grayscale's giant 16K BTC unlocking by cryptonized

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· @cryptonized ·
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Bitcoin sell pressure may hit zero in July thanks to Grayscale's giant 16K BTC unlocking
<center>![](https://steemitimages.com/640x0/https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvYTIwOWNhZTEtMGVlNC00MGNlLWE4MTUtNTFlOTFiNDk3ZDg5LmpwZw==.jpg)</center>
#### [Bitcoin sell pressure may hit zero in July thanks to Grayscale's giant 16K BTC unlocking](https://cointelegraph.com/news/bitcoin-sell-pressure-may-hit-zero-in-july-thanks-to-grayscale-s-giant-16k-btc-unlocking)
> "The biggest single unlocking day will flush sellers from the market in July, opening up both volatility and bullish potential."

<sub>*Read more: [cointelegraph.com](https://cointelegraph.com/news/bitcoin-sell-pressure-may-hit-zero-in-july-thanks-to-grayscale-s-giant-16k-btc-unlocking)*</sub>

<center>https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

## More news sources

#### [Silk Road Founder Ross Ulbricht Speaks Publicly for the First Time Since 2013](https://news.bitcoin.com/silk-road-founder-ross-ulbricht-speaks-publicly-for-the-first-time-since-2013/)
> At the Bitcoin 2021 conference in Miami, attendees listened to the first phone interview with the Silk Road&#8217;s Ross Ulbricht from the depths of the maximum-security prison in Tucson, Arizona. During the interview, Ulbricht spoke about bitcoin and how...

<sub>*Read more: [news.bitcoin.com](https://news.bitcoin.com/silk-road-founder-ross-ulbricht-speaks-publicly-for-the-first-time-since-2013/)*</sub>

<center>https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

#### [Dutch Official Predicts Crypto Market Crash, Says ‘the Netherlands Must Ban Bitcoin Now’](https://news.bitcoin.com/dutch-official-predicts-crypto-market-crash-netherlands-must-ban-bitcoin/)
> The director of the Netherlands&#8217; Bureau for Economic Policy Analysis, a part of the country&#8217;s Ministry of Economic Affairs and Climate Policy, has predicted &#8220;The ultimate collapse of the crypto bubble.&#8221; He urges the government to b...

<sub>*Read more: [news.bitcoin.com](https://news.bitcoin.com/dutch-official-predicts-crypto-market-crash-netherlands-must-ban-bitcoin/)*</sub>

<center>https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

#### [Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’](https://news.bitcoin.com/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo/)
> The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba&#8217;s restrictions stems from the &#8220;obstacles that the U.S. embargo creates for the national bank system.&#...

<sub>*Read more: [news.bitcoin.com](https://news.bitcoin.com/cubas-central-bank-suspends-us-dollar-deposits-nationwide-officials-cite-embargo/)*</sub>

<center>https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

#### [JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures](https://news.bitcoin.com/jpmorgan-bitcoin-bear-market-citing-unusual-development-futures/)
> Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank&#8217;s analysts look at the trend in bitcoin futures and see &#8220;an unusual development and a reflection of how weak bitcoin dema...

<sub>*Read more: [news.bitcoin.com](https://news.bitcoin.com/jpmorgan-bitcoin-bear-market-citing-unusual-development-futures/)*</sub>

<center>https://steemitimages.com/DQmbNxNgXLda5QXpWfDZxP2d3XR498RxCgucZVMnrBVcw7g/image.png</center>

## Other hot crypto news today
- [Bitcoin pops nearly 13% after Musk suggests Tesla could accept the cryptocurrency again - CNBC](https://www.cnbc.com/2021/06/14/bitcoin-btc-soars-after-musk-says-tesla-could-accept-the-crypto-again.html)
- [Elon Musk Says Tesla Will Resume Accepting Bitcoin When Miners Confirm 50% Clean Energy Usage](https://news.bitcoin.com/elon-musk-tesla-resume-accepting-bitcoin-miners-confirm-clean-energy-usage/)
- [Musk Denies Bitcoin ‘Pump And Dump’—And Says Tesla Will Resume Transactions Once This Mining Goal Is Reached - Forbes](https://www.forbes.com/sites/jonathanponciano/2021/06/13/musk-denies-bitcoin-pump-and-dump-and-says-tesla-will-resume-transactions-once-this-mining-goal-is-reached/)
- [Top 5 cryptocurrencies to watch this week: BTC, AAVE, KSM, ALGO, TFUEL](https://cointelegraph.com/news/top-5-cryptocurrencies-to-watch-this-week-btc-aave-ksm-algo-tfuel)
- [
                Tesla to Resume Bitcoin Transactions if Clean Energy Goals are Met
            ](https://www.btctimes.com/news/tesla-to-resume-bitcoin-transactions )
- [Move Over Dogecoin—Tesla Billionaire Elon Musk Has Suddenly Sent The Bitcoin Price Sharply Higher - Forbes](https://www.forbes.com/sites/billybambrough/2021/06/13/move-over-dogecoin-tesla-billionaire-elon-musk-has-suddenly-sent-the-bitcoin-price-sharpy-higher/)
- [Bitcoin rises 9.8 percent to $39035 - Reuters](https://www.reuters.com/business/autos-transportation/bitcoin-rises-98-percent-39035-2021-06-13/)
- [Christine Lagarde Reaffirms ECB’s Crypto Policy as Bitcoin Becomes Legal Tender in El Salvador](https://news.bitcoin.com/christine-lagarde-ecb-crypto-policy-bitcoin-legal-tender-el-salvador/)
- [Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls](https://cointelegraph.com/news/bitcoin-price-moves-toward-40k-as-on-chain-and-technical-analysis-favor-bulls)



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<sub>*Follow me @cryptonized for the latest cryptocurrency news...*</sub></center>
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