Fed Policy, CLARITY Act, and Strategy Shape Bitcoin’s Next Move Bitcoin’s move below $60,000 has renewed debate over whether the market is nearing exhaustion or facing another leg lower. The decline follows a peak near $125,000 in October, with Grayscale Research noting June 26 that bitcoin is now down more than 50%. The pullback has […]
1-Hour Chart: Buyers Losing Steam After a Short Recovery On the 1-hour chart, bitcoin has been producing modestly higher highs from a recent low, but the most recent candles are showing very small bodies with declining volume. That combination tells traders one clear story: buyers are not aggressively accumulating. A move above $60,400 could extend […]
Bitcoin is stuck between strong support at $58,000 and a major liquidity target near $62,500. A short-term move higher could come first, but analysts still warn that $BTC may need a deeper correction before finding a real cycle bottom. Bitcoin Drawdown History Points to Deeper Bottom Risk Bitcoin may need a deeper correction before forming […]
Strategy (MSTR), a Bitcoin treasury company, has seen its closely watched mNAV indicator fall below the 1 level. This indicates that the market’s overall valuation of the company has fallen below the value of Strategy’s Bitcoin assets held on its balance sheet. MSTR shares are currently trading at around $82, representing a loss of approximately […]
A Gap That Has Nearly Closed Bitcoin is now less than $3,000 away from the level where Germany sold, sparking the moment with a blunt question, i.e. “Should Germany buy back?” The observation reopens scrutiny of a 2024 sale that critics spent the following year holding up as a cautionary tale. Between June 19 and […]
Bitcoin enters the weekend near $60,000 after sticky inflation, heavy ETF outflows, and a failed defense of the $59,000-$62,000 zone. The May PCE print gave the market a reason to sell, but the real damage came from positioning. Core PCE came in at 3.4% year over year, above the Fed’s 2% target but broadly in […]
Last month, Tando, the Kenya-based Bitcoin payments company, announced it had created a service that allows 40 million Kenyans to send and receive Bitcoin using the existing M-Pesa infrastructure. To pull this off, they strung together numerous pieces of technology, including in-house solutions, to make bitcoin’s Lightning Network act as a translation layer for millions. […]
Ripple CEO Brad Garlinghouse has publicly criticized Michael Saylor’s Bitcoin (BTC) acquisition strategy, arguing that the approach has hurt the broader cryptocurrency market and failed to create long-term value. Speaking during a June 26 interview on CNBC’s Squawk on the Street, Garlinghouse aimed at the funding model used by Strategy to expand its Bitcoin holdings. […]
Ripple CEO Brad Garlinghouse criticized Strategy Chairman Michael Saylor’s method of financing Bitcoin purchases. Garlinghouse stated that financial engineering will not create long-term value in digital assets, arguing that the true value of crypto assets should be based on use cases and utility. Speaking to CNBC, Garlinghouse targeted Strategy, led by Saylor, for resorting to […]
Bitcoin ($BTC) struggled to reclaim $60,000 on Friday amid continued global market volatility. Key points: Bitcoin closes below $60,000 on daily time frames for the first time since September 2024. Asian stock markets see another day of major losses on tech-stock concerns. $BTC price analysis hopes for a reclaim of the 200-week trend line as […]