Bitcoin News

Bitcoin News

Markets

Bitcoin’s 20% June crash looks even deadlier on the charts. Here’s why

Bitcoin dropped by 20% in June, but the monthly chart reveals something far more concerning.

BTC storm could be looming, per Derive. (Myriams-Fotos/Pixabay)

Markets

Strategy heads for 11th losing month in 12 as bitcoin weakness continues

Strategy (MSTR) shares have lost around 41% of their value in June.

STRC, MSTR, BTC (TradingView)

Markets

Bitcoin's correlation with dollar-yen rate hits -0.90, undercutting 'carry trade' theory

Bitcoin’s price has shown an unusually strong negative 52-week correlation with the dollar-yen exchange rate.

Philippe Geluck's sculpture of two cats on a seesaw on the Champs-Élysées

Markets

Bitcoin under pressure below $60,000 as Japanese yen hits 40-year low against the U.S. dollar

BTC fell in Asia as the Japanese yen tanked to four-decade lows, lifting the dollar higher across the board.

Japan flag in front of a building (Roméo A./Unsplash)

Videos

BTC ETFs bled $4B in worst month ever, Strategy's plan forward and an institutional super cycle for ETH?

On this episode of CoinDesk's Public Keys from the New York Stock Exchange, host Jennifer Sanasie is joined by CoinDesk Indices and Data to break down nearly $1.8 billion in weekly Bitcoin ETF outflows, Strategy's new capital plan, and whether the digital asset treasury narrative is back. SharpLink CEO Joseph Chalom joins to unpack the Ethereum Foundation's funding crisis, the launch of ETHlabs, and the company's $75 million raise, as he makes the case for an institutional supercycle in ETH. In this week's 10X, Kaizen founder Brian Jung breaks down his MicroStrategy short. Moody's Ratings Managing Director and Global Head of Digital Economy Fabian Astic explains how the firm is embedding credit ratings into tokenized securities on Solana and unveils the first-ever credit rating methodology for stablecoins. Plus, Midnight Foundation President Fahmi Syed details the partnership with Bank of England-regulated Monument Bank and why privacy is becoming the missing piece for institutional adoption.

BTC ETFs bled $4B in worst month ever, Strategy's plan forward and an institutional super cycle for ETH?

Finance

Bitcoin lending is entering a new institutional era, according to Silicon Valley Bank

The bank said bitcoin lending has emerged from the 2022 crypto credit collapse with stronger risk controls, growing institutional participation and a path toward lower borrowing costs.

(Smith Collection/Gado/Getty Images)

Markets

Strategy opens door to selling billions of bitcoin under new capital plan. Here's what it means

The company can now sell bitcoin to fund the USD reserve, support preferred dividends, and finance up to $2 billion in stock buybacks.

Strategy's Michael Saylor (CoinDesk)

Markets

Saylor's Strategy initiates buybacks and bitcoin monetization program, lifts STRC dividend

Strategy adopted a new capital management framework, authorizing up to $2 billion in buybacks while creating a program that allows future bitcoin sales to support liquidity.

Strategy Executive Chairman Michael Saylor (CoinDesk)

Markets

Bitcoin falls into a technical no man’s land as major support levels sit miles away

Bitcoin is trading below key technical and onchain valuation levels, with historical bear market patterns suggesting a potential bottom closer to $45,000.

BTC Cost Basis (CheckonChain)

Markets

$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record

Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.

AI trading screens. (TheDigitalArtist/Pixabay)