Bitcoin has fallen to around $62,400 after a combination of options-expiry volatility, long liquidations, and renewed concerns over corporate Bitcoin selling weighed on sentiment across the crypto market. According to data from crypto.news, Bitcoin ($BTC) fell nearly 3% over the previous 24 hours to an intraday low near $62,300 on June 19. The decline extended
Kalshi has exceeded a $2 billion annualized revenue run rate as the prediction market operator has begun early discussions with investment banks about a potential initial public offering, according to a report from The Information. The Information, citing people familiar with the matter, reported that Kalshi has held informal talks regarding an IPO while continuing
Digital asset company AllUnity is launching SEKAU, a Swedish krona-backed stablecoin issued under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The new token operates as an e-money token under MiCA, according to a statement shared with Cointelegraph on Friday. It is backed by segregated Swedish krona reserves and targets institutional settlement and cross-border payments.
Around 30,500 Bitcoin options contracts will expire on Friday, June 19, with a notional value of roughly $1.9 billion. This event is slightly smaller than last week’s and still not enough to impact spot markets. Crypto markets gained slightly before retreating in the second half of the week, with total capitalization hovering around the $2.25
Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest rates this year. The revised target places gold at $4,900, down from earlier estimates of $5,400. It comes on the assumption that the next Fed cuts could be pushed to March 2027 and December
Spot Bitcoin and spot Ethereum exchange-traded funds (ETFs) traded in the US were affected by investor outflows on June 18. According to the latest data, both Bitcoin and Ethereum-focused ETFs recorded net outflows for the second consecutive trading day. This is seen as one of the developments indicating a short-term weakening of institutional investor appetite
Arthur Hayes has shared one of his most bullish crypto outlooks yet across two recent interviews, one with Michaël van de Poppe, New Era Finance podcast and another with Bankless. The former BitMEX CEO tackled a question many crypto investors have been asking. Why hasn’t Bitcoin made a major move despite growing institutional adoption and
The artificial intelligence sector and historic private equity listings have disrupted traditional rankings of global rankings. Bitcoin, which not long ago comfortably commanded a position within the top 6 to 8 global assets, has collapsed by 10 spots. The leading cryptocurrency by market cap is now in 17th place, CoinGecko data shows. The digital currency
Prominent financial commentator and Euro Pacific Capital Chief Economist Peter Schiff has launched a scathing attack on Strategy (MSTR), its founder Michael Saylor, and mainstream financial media after a sharp correction in the company’s equity. Schiff, a notorious Bitcoin skeptic, is convinced that the company’s heavily leveraged crypto-treasury model is unwinding. An orange jumpsuit? According