The Bitcoin market continues to take a hit, and investors both big and small are heavily feeling the ongoing market pressure, which has caused its price to drop to $61,000. The amount of $BTC in profit territory is steadily dropping following the recent decline in price, putting the market in a more bearish condition. Supply
There is increasing consensus that Bitcoin’s performance pattern, linked to halving events, may be fully intact. Analyst Benjamin Cowen is the latest to reinforce the four-year $BTC cycle, noting that, The four-year cycle for Bitcoin is not broken. In fact, $BTC’s average drawdown in midterm years is nearly identical to what it is now. According
BlackRock has moved its proposed Bitcoin income-focused exchange-traded fund closer to market debut after filing a key registration document with the U.S. Securities and Exchange Commission. According to a Form 8-A submitted to the SEC on June 11, BlackRock’s iShares Bitcoin Premium Income ETF has been registered for listing on the Nasdaq Stock Market. The
The Bitcoin network is preparing to record one of the largest mining difficulty drops in its entire history. According to a new report from Galaxy Research, the prolonged decline in $BTC price has led to a fall in miners’ profit margins, forcing some players to disconnect their computing power from the network. Pressure on market
Bitcoin attracted notable accumulation activity as large holders removed substantial amounts of $BTC from exchanges. As reported by Lookonchain, a whale withdrew 2,341 $BTC worth approximately $144.68 million from OKX over five days. In addition, three newly created wallets accumulated another 737.7 $BTC valued at roughly $45.6 million from BitGo. Combined, the purchases exceeded $190
Bitcoin price has erased losses triggered by a hotter-than-expected U.S. inflation report, rising above $63,000 after Donald Trump unveiled details of a potential peace deal involving Iran. According to market data, Bitcoin ($BTC) price rose from around $62,300 to as high as $63,700 on June 11 after Trump revealed that discussions with Iran had progressed
Prominent macroeconomist Henrik Zeberg is convinced that Strategy co-founder Michael Saylor will end up being “crushed.” He is the latest pundit who has opined that Saylor’s debt-fueled accumulation strategy will eventually end in disaster. Mounting challenges Strategy is currently under extreme pressure amid the ongoing market mayhem. In early June, the Bitcoin price plummeted from
In brief Coinbase’s quantum advisory council says blockchain communities should begin post-quantum migration planning now. The report estimates roughly 7 million Bitcoin could be vulnerable to future quantum attacks due to exposed public keys and address reuse. The biggest unanswered question isn’t technical—it’s what happens to coins that are never moved to quantum-safe addresses. Coinbase’s
The SpaceX IPO filing has delivered a surprise that’s turning heads across both equity and crypto markets. The company holds far more Bitcoin than anyone thought. According to the S-1 registration filing, SpaceX owns 18,712 Bitcoin with a cost basis of roughly $661 million. 🔥HUGE: SpaceX’s S-1 IPO filing suggests its Bitcoin holdings may be
GameStop no longer owns the keys to the bitcoin ($BTC) that its shareholders celebrate as one of its coolest and most valuable assets. According to its latest quarterly SEC filing, CEO Ryan Cohen has pledged all 4,709 $BTC to Coinbase Credit. Workers employed by Coinbase CEO Brian Armstrong, not Cohen, now have rights to “rehypothecate,