Bitcoin’s Rebound Leaves Recent Buyers Under Pressure Bitcoin has stabilized after a sharp selloff that coincided with rising geopolitical tensions and a broad retreat in risk assets. The recovery has eased some of the market stress seen earlier this month, yet blockchain data suggests investors are still navigating conditions historically associated with bear markets. On-chain […]
Bitcoin has fallen nearly 3% toward $63,000 after stronger-than-expected U.S. labor market data reinforced the Federal Reserve’s hawkish outlook and reduced expectations for short-term rate cuts. According to U.S. Department of Labor data, initial jobless claims fell to 226,000 for the week ended June 13, down from a revised 230,000 in the prior week. The […]
Changpeng Zhao (CZ), the founder of Binance, the world’s largest cryptocurrency exchange, made striking statements on a number of critical issues, ranging from Bitcoin cycles and global regulations to the threats of artificial intelligence (AI) and the future of quantum computing, during his appearance on the Galaxy Brains podcast. Evaluating the current state of the […]
Strategy (formerly MicroStrategy), the world’s largest institutional Bitcoin holder, caused a major stir in the cryptocurrency markets with its recent Bitcoin sale. The company’s decision to sell only 32 Bitcoin (worth approximately $2.5 million) has raised questions among investors about whether the company’s strategy is faltering. Speaking on the matter, Strategy CEO Phong Le shared […]
Bitcoin fell below the $63,000 level due to strong selling pressure, indicating weakening risk appetite in the cryptocurrency market. According to the latest data, the price of Bitcoin dropped to $62,644, losing over 5% in value in the last 24 hours. A graph showing the drop in BTC price. The market downturn wasn’t limited to […]
Capital B shareholders have approved a financing framework that authorizes up to €5 billion (~$5.36 billion) in capital increases and €100 billion (~$107.15 billion) in credit instruments to support the company’s Bitcoin treasury strategy. Capital B said in a June 17 press release that shareholders approved all resolutions presented at the company’s Annual Ordinary and […]
The leading cryptocurrency, Bitcoin, experienced a sharp drop in recent weeks, falling below $60,000. After recovering, $BTC continues its sideways movement in the $62,000-$65,000 range, with some analysts believing it will rise from here and others anticipating a drop to the $50,000 level. At this point, market analyst Omkar Godbole addressed the current state of […]
Anthony Scaramucci, the founder of the SkyBridge Capital investment firm and former White House communications director, is predicting a new Bitcoin (BTC) rally by the end of 2026. In an interview with CNBC published on Wednesday, June 17, Scaramucci said that Bitcoin remains in line with historical four-year cycles and expressed confidence that the cryptocurrency […]
According to on-chain data, Bitcoin’s largest holders are currently in the middle of a massive accumulation campaign. According to blockchain analytics firm Santiment, the amount of Bitcoin held by “whale” addresses (wallets with over 1,000 $BTC) has rebounded sharply to 7.17 million $BTC. This is the highest level since March 14, which indicates that there […]