Strategy founder Michael Saylor, who has been making headlines with his Bitcoin sales after a long period of silence, has commented on the recent decline. Speaking to Natalie Brunell, Michael Saylor pointed to a single reason for the decline: “artificial intelligence.” Saylor argued that there was significant market interest in the AI sector, and this
The cryptocurrency market, especially Bitcoin ($BTC), is awaiting the Federal Reserve’s June interest rate decision, which will be announced today with the participation of the new FED Chairman, Kevin Warsh. While the Bitcoin price has fallen to the $64,000 level due to the ongoing uncertainty, according to the analysis firm K33 Research, $BTC is showing
Bitcoin’s recovery has slowed after reaching a key resistance cluster, with the asset now consolidating beneath an important supply zone. The latest price action suggests that bulls are attempting to maintain momentum, but the market remains at a critical level where the next breakout or rejection could determine the short-term trend. Bitcoin Price Analysis: The
Since holding the $60k support a week ago, Bitcoin has shown some strength, with bullish pressure intensifying. The upside momentum pushed $BTC to $67k before a slight pullback. At press time, $BTC traded at $65,695, down 1.14% on the daily charts. Prior to this slip, the crypto had been on a strong upward trajectory, rising
Mexican billionaire Ricardo Salinas Pliego, whose net worth is estimated at roughly $5 billion, is a bitcoin maximalist. He is so convinced that bitcoin is the best long-term investment that he holds 70% of his investment portfolio in the digital asset, believing that traditional fiat currencies are destined to lose purchasing power over time. The
BlackRock announced that it had launched its iShares Bitcoin Premium Income ETF (BITA). However, crypto research firm 10X Research is not so optimistic about the ETF’s chances of yielding absolute returns in nearly every market scenario. BITA, which began trading on the Nasdaq on June 16, holds a mix of spot Bitcoin and shares of
Bitcoin ($BTC) whales accumulated more than 30,000 $BTC over the past week, a development that has strengthened the bullish case for the cryptocurrency and prompted a new price prediction from ChatGPT. In particular, wallets holding between 10 and 10,000 $BTC increased their combined holdings from approximately 4.24 million $BTC to 4.27 million $BTC over the
In a discussion with Coinpedia, crypto analyst Kripto Holder shared his latest assessment of Bitcoin, arguing that the market is currently going through a phase of liquidity gathering and leverage reduction rather than a clear accumulation period. According to the analyst, the $65,000–$66,000 region should be viewed as an area where excess leverage is being
If you think bitcoin’s $BTC$64,766.65 June slide is a routine bear market drop, look closer at the options market on Deribit. The 11% decline has left a staggering $8.6 billion worth of $BTC options out-of-the-money and on track to expire worthless. That amount is roughly 80% of the $10.6 billion worth of options expiring on