On-chain data suggests Bitcoin's selling pressure is easing, with cooling holder losses hinting at a potential higher low forming. However, sluggish spot demand continues to weigh on the market, leaving the asset unable to reclaim its first major recovery threshold near $69,000. Analysts note that without
Bitcoin heads into the weekend trading between roughly $62,500 and $64,300, with the intraday low emerging as the market's most immediate technical threshold. Analysts view the defense of $62,500 as a key test of whether Bitcoin can maintain its footing while the broader market weakens.
Analytics firm CryptoQuant argues that Michael Saylor's Strategy, one of the largest corporate holders of bitcoin, would benefit from formalized guidelines governing its accumulation and potential sales. Strategy, formerly known as MicroStrategy, has aggressively acquired bitcoin as a core treasury asset, often funding purchases through debt and equity
Wall Street trading giant Citadel has committed $600 million across two competing crypto exchanges, Crypto.com and Kraken, as both firms push into tokenized markets that bridge traditional finance and digital assets. The investment underscores growing institutional interest in tokenization, a fast-emerging sector where real-world financial instruments are
A Bitcoin treasury company's new preferred share offering, BTC PREF, has struggled to find buyers despite promising an indicated cash yield above 10%. Nearly half of the shares reportedly went unsold ahead of trading, which is expected to begin July 20. The preferred shares are priced at SEK
Japanese financial conglomerate SBI Holdings has expanded its regional footprint by acquiring a majority stake in Coinhako, a Singapore-based cryptocurrency exchange, following approval from the Monetary Authority of Singapore (MAS). The regulatory sign-off allowed the transaction to proceed, giving SBI control over one of Singapore's established
The Coinbase premium, a metric comparing Bitcoin's price on the US-based exchange against global venues, has remained negative for a record 60 consecutive days, signaling persistently weak demand from American investors. Bitcoin fell toward $63,000 amid the trend, with the move coinciding with a broader sell-
Drawing a parallel between two commodity-linked investment vehicles, Bloomberg ETF analyst Eric Balchunas suggested Bitcoin ETFs could follow gold's historical trajectory of steep rallies followed by significant declines. He compared BlackRock's IBIT, which recently crossed the $100 billion mark, to the SPDR Gold Shares fund
Japanese financial services conglomerate SBI Group is scaling its regional cryptocurrency footprint through acquisitions and strategic partnerships across Asia. The company announced the consolidation of Singapore-based exchange Coinhako, strengthening its presence in one of the region's key digital asset markets. Alongside the move, SBI revealed a tokenization
Escalating geopolitical risks drove a broad flight from risk assets, pulling Bitcoin under the $63,000 mark. U.S. military strikes on Iran, combined with renewed trade friction between Washington and Beijing after fresh charges from President Trump, spurred the sell-off across markets. Despite the price drop, analysts point
Just over a month after SpaceX raised $85.7 billion in the largest IPO in history, its newly listed shares have fallen below the $135 offering price for the first time. Data from Yahoo Finance shows SPCX shares dropped to a post-listing low of $132.28 on Wednesday, marking
Crypto.com has raised $400 million from Citadel Securities, a deal that pegs the exchange's valuation at $20 billion. The investment from the prominent Wall Street market-making firm signals deepening ties between established financial players and the digital asset industry. Citadel Securities, known for its role in