TL;DR

BTC is Yet to Make the Headlines?

Despite the downfall in the past month, 2024 has so far been quite successful for the primary cryptocurrency, whose price hit an all-time high of over $73,000 in mid-March. Some analysts and prominent figures believe the asset might reach new impressive peaks before the end of 2024, with Tom Lee being one example.

The American entrepreneur reiterated his prediction that BTC could rally to $150,000 in the following months. Lee claimed that the asset’s valuation has been negatively affected lately due to the issues related to the now-defunct crypto exchange Mt. Gox.

The once-leading platform suspended operations a decade ago and filed for bankruptcy protection. It also lost approximately 850,000 BTC due to hacking and alleged mismanagement. Most recently, the court-appointed trustee overseeing the exchange’s bankruptcy proceedings announced that the company will begin paying back thousands of users almost $9 billion worth in assets.

“Bitcoin’s probably been suffering from the Mt. Gox which was a huge overhang for many years. But if I was investing in crypto and knowing that one of the biggest overhangs is going to disappear in July, I think it’s a reason to expect a pretty sharp rebound in the second half. So, I think $150K is still within,” Lee said.

It is worth mentioning that the American has not always been spot-on with his crypto forecasts. At the end of 2020, hepredictedthat Bitcoin’s price could tap $120,000 in 2021. The asset experienced a substantial bull run that year but could not exceed the $70K level.Other Bets

Numerous cryptocurrency analysts touched upon BTC’s price lately, envisioning a rally if the asset surpasses certain resistance levels. The X user Jelle claimed that Bitcoin’s “local market structure continues to improve,“ adding that a sustained trading above $61,500 could lead to a “test of that $65,000 area.“

“Break that, and we’re off to the races,“ the analyst suggested.

Michael van de Poppe gave his two cents, too. He believes BTC could settle at the $61,000-$61,500 support zone and rise above $67K this month.

#Bitcoin is looking for a higher low and support. It seems very likely that we’ll be looking at the $61-61.5K area.

A slow grind upward is what I’m expecting for the markets in July. pic.twitter.com/LHnXTydh8P

— Michaël van de Poppe (@CryptoMichNL) July 2, 2024

In no particular order, here are the top eight hardware and software cryptocurrency wallets for 2024:

Ledger

Ledger offers multiple hardware wallet models, with the most popular being the Ledger Nano S Plus and the Ledger Nano X.

These devices store the private keys for your cryptocurrencies offline and keep them safe. They can also be connected to a computer, allowing users to buy, sell, swap, and manage their crypto holdings.

If you want a more sophisticated kind of hardware wallet, you are in for a treat! Ledger recently announced their brand new hardware storage device called the Ledger Stax.

The Stax features a curved touchscreen made from e-ink, which is easy on the eyes and allows you to personalize the lock screen with your favorite picture or non-fungible token. The device also boasts the most extensive display among Ledger’s leading devices, with a 3.7-inch touchscreen and a resolution of 400 x 672 pixels.

While you can’t grab a Ledger Stax just yet, pre-orders are available on the Ledger website and at some authorized retailers.

Trezor

Trezor hardware wallets are known for their user-friendly design and top-notch security. They function as secure storage solutions for cryptocurrencies, similar to a physical vault for digital assets.

Trezor offers three models to cater to different user preferences:

• Trezor One – This is the most affordable and beginner-friendly option. It features a button-based interface and a smaller screen, making it a good choice for those prioritizing cost-effectiveness and ease of use.

• Trezor Model T – This more advanced model boasts a touchscreen display and faster processing power, offering a smoother user experience. It also caters to users who value additional functionalities like password management and two-factor authentication.

• Trezor Safe 3 – This latest addition to the Trezor family is a versatile vault designed for crypto and physical asset security. It features a touchscreen display, a larger storage capacity, and the ability to connect to a smartphone app for added convenience.

Tangem

Ever wished there was a way to store your cryptocurrency in a wallet the size of a credit card but with the security of a high-tech vault? Well, the Tangem wallet might be for you.

Tangem is a unique hardware wallet designed to look and feel like a regular credit card. But don’t be fooled by its sleek design! This wallet packs a powerful punch when it comes to security.

The wallet stores your cryptocurrency’s private keys on a secure chip. These keys are generated during activation and never leave the card, providing strong protection against digital theft.

If you want to purchase the Tangem Wallet, use our referral link or discount code to save money on your order. You can get reductions of up to 10% off the initial price!

Bitkey

Bitkey is a Jack Dorsey-backed crypto hardware wallet that features a hexagonal-shaped hardware device and a set of recovery tools that can be used to recover users’ assets in case they lose their hardware wallet or phone.

Bitkey began development in 2021 by Block Inc. (formerly known as Square) and was beta-tested in 40 countries in June 2023, along with Coinbase and Cash App partnerships. It was launched for pre-orders in December 2023 and started shipping recently in March 2024.

Note that Bitkey is intended for Bitcoin only, meaning it only supports BTC and not other cryptocurrencies. If you only invest in Bitcoin and are looking for a secure way to store it yourself, then Bitkey could be an excellent wallet to consider.

MetaMask

MetaMask has been a popular name in the crypto space since its launch in 2016. The wallet is recognizable by its signature fox logo, which follows your cursor on the screen.

It is a free and open-source hot wallet that allows you to store ETH and other tokens built on the Ethereum blockchain, which are generally known as ERC-20 tokens.

Notably, the wallet primarily functions as a gateway to the world of decentralized applications, allowing you to connect to them securely through your web browser or a mobile app.

Trust Wallet

Trust Wallet is a popular mobile and browser extension cryptocurrency wallet known for its user-friendly interface and support for many cryptocurrencies and tokens. It was founded in 2017 by Viktor Radchenko, who served as CEO until it was acquired by Binance in July 2018.

Recently, Trust Wallet underwent a significant rebranding to make the Web3 experience more accessible to everyday users.

Moreover, the wallet prides itself on being a secure gateway to the world of Web3. With over 122 million users worldwide, it is currently one of the leading self-custody multi-chain platforms available.

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Rabby Wallet

Rabby Wallet is a multi-chain Web3 wallet for users interacting with decentralized applications built on the Ethereum blockchain and EVM-compatible blockchains.

The wallet supports many blockchains, including Ethereum, Polygon, Arbitrum, Optimism, and many more. The platform can even automatically switch to the correct chain when interacting with a dApp, making it a convenient option for DeFi users who frequently switch networks.

As a game-changing wallet for EVM-compatible blockchains, the platform is known for its user-friendly interface, which makes navigating and managing your digital assets fast and easy.

Rainbow Wallet

Rainbow Wallet is a popular cryptocurrency wallet explicitly designed for the Ethereum blockchain and its associated tokens. Similar to Rabby, Rainbow is known for being a user-friendly and secure platform, making it a good fit for both beginners and experienced crypto users.

Experience crypto in color with the platform’s visually appealing and intuitive interface, making it easy for newcomers to navigate the crypto space. At the same time, it provides powerful features for experienced users, allowing them to manage their assets efficiently.

Final Thoughts

Learning about the most popular hardware and software crypto wallets in the space today can significantly enhance your knowledge in protecting the security of your crypto holdings, especially if you value long-term investment and control over your digital assets. By carefully researching thoroughly, you can choose the best hardware and software wallets that suit your specific needs!

Digital asset funds have seen outflows for three consecutive weeks, although the outflow slowed during the most recent week.

After experiencing outflows of $600 million in each of two consecutive weeks, these funds saw an outflow of $30 million during the week that ended June 29, Bloomberg reported Monday (July 1), citing data from CoinShares International.

Despite the slowdown in outflows, the three-week total marks the biggest outflow from digital asset funds since bitcoin exchange-traded funds (ETFs) were approved by the Securities and Exchange Commission in January, according to the report.

Bitcoin ETFs themselves had inflows totaling $10 million during the week ended June 29 after having two weeks of outflows, the report said.

Ether investment products had outflows of $60 million — up from $58 million the previous week and their largest outflows since August 2022, per the report.

The price of ether — which is the second-largest cryptocurrency, behind only bitcoin — leaped in May after the SEC approved an ether ETF, but it has since come down, according to the report.

In a Monday press release announcing the digital asset fund flows data, James Butterfill, head of research at CoinShares, wrote that the data shows signs that “sentiment is turning for bitcoin.”

Crypto firm Bakkt said in May that the SEC’s approval of bitcoin ETFs may lead to increased mainstream adoption of crypto and institutional investors playing a bigger role in the cryptocurrency trading market.

“As evidenced in our trading volumes in Q1, we’ve begun to see positive green shoots in the market and the overall demand environment improving, with more industry activity, higher coin prices and overall higher retail trading volume,” Bakkt President and CEO Andy Main said at the time.

It was reported June 16 that J.P. Morgan Chase said the state of the cryptocurrency market may not be sustainable.

While crypto net inflows were impressive at the time, driven by demand for spot bitcoin ETFs, J.P. Morgan Chase analyst Nikolaos Panigirtzoglou wrote that those inflows might not be entirely made up of new funds coming into the crypto space.

“We believe there has likely been a significant rotation away from digital wallets on exchanges to the new spot bitcoin ETFs,” Panigirtzoglou explained at the time.