$BTC Below are the most prominent Bitcoin news for July 11, 2024:

Bitcoin Exchange-Traded Funds (ETFs) See Heavy Inflows**: US Bitcoin exchange-traded funds saw net inflows of $216 million on July 9, reflecting strong investor confidence in the market.

Price falling below the 200-day moving average**: Bitcoin price fell below the 200-day moving average, which is considered an important technical signal that may raise concerns for investors, but also a buying opportunity for some.

Supporting Bitcoin Financial Regulation**: The US Financial Accounting Standards Board (FASB) has adopted fair value accounting for Bitcoin, which means that companies can now hold Bitcoin on their balance sheets at the market price, making holding Bitcoin more attractive to companies. Increasing adoption of Bitcoin: The number of addresses holding 1 Bitcoin or more has risen to an all-time high, indicating an increase in adoption of the digital currency.

Pro-Bitcoin Regulation**: Pro-Bitcoin laws are expected to be passed in 10 US states this year, increasing regulatory clarity and increasing institutional investment and consumer confidence in the currency.

These developments reflect changing market dynamics and point to potential growth and stability in Bitcoin's near future.