The crypto market saw a boost in sentiment on Tuesday as a German government entity received over $200 million worth of the asset back from various exchanges.

The DigitalX Bitcoin ETF will be listed under the ticker BTXX on July 12, becoming the second spot Bitcoin ETF to be approved on the ASX after VanEck’s in June.

For the first few years of crypto’s existence, people treated it as an “out of sight, out of mind” asset. If they’d made a few bucks off it, it’s not as if the Australian Tax Office had heard of the blockchain anyway. But times have changed, and digital currencies are a legitimate asset – meaning that they are subject to tax obligations, same as anything else. 

Celebrities selling memecoins may be “painting a target” on their backs according to two Australian-based lawyers whose clients include cryptocurrency firms.

Despite Bitcoin price volatility and five-month lows, several key indicators suggest that the bulls may still have the upper hand, hinting at a potential resurgence in the BTC price trajectory.