Glassnode’s Week Onchain report says Bitcoin stays beneath its True Market Mean, with the mannequin sitting close to $77,200 and value buying and selling at a sizeable low cost. TL;DR Glassnode says Bitcoin continues to be beneath its $77,200 True Market Mean. The metric is a cost-basis mannequin for economically energetic cash. Trading beneath it…
Bitcoin merchants are as soon as once more watching the Federal Reserve after the central financial institution held rates of interest regular however delivered a dot plot that pointed to a extra hawkish path than danger markets needed. TL;DR The Fed held charges regular in its June 17 coverage determination. Updated projections confirmed a extra…
Anthony Scaramucci is leaning right into a contrarian Bitcoin setup, arguing that weak retail consideration and depressed sentiment might be nearer to a cycle-bottom sign than a cause to stroll away from the asset. TL;DR Scaramucci says he nonetheless owns loads of Bitcoin and stays bullish. He expects a stronger Bitcoin rally to start in…
Bitcoin bulls could also be on the lookout for the subsequent breakout, however prediction-market merchants on Kalshi are pricing a way more defensive path, with one market displaying odds tilted towards BTC hitting $50,000 earlier than $100,000. TL;DR Kalshi Crypto highlighted a market pricing 69% odds that Bitcoin hits $50,000 earlier than $100,000. The odds…
Bitcoin’s early-week push towards $67,000 has left merchants weighing whether or not geopolitical aid across the Strait of Hormuz created a sturdy risk-on transfer or just one other bull-trap setup earlier than the Fed resolution. TL;DR The supply packet says a preliminary US-Iran MoU was introduced across the G7 Summit. The formal signing was described…
Michael Saylor is increasing the acquainted Bitcoin treasury argument right into a broader mannequin for tokenized finance, laying out a four-layer “Digital Asset Stack” that begins with BTC as pristine collateral and builds credit score, yield and fairness devices above it. TL;DR Saylor’s mannequin locations Bitcoin on the base as digital capital and collateral. The…
A recent Bitcoin derivatives name is gaining consideration after That Martini Guy argued that destructive funding charges might mirror profit-taking quite than aggressive shorting, however the broader information image is extra nuanced. TL;DR The $70,000 transfer is analyst opinion, not a confirmed market sign. Aggregate CoinGlass information cited within the supply packet was impartial to…
Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and organising a brand new problem to current BTC-backed DeFi property. TL;DR cirBTC is stay on Ethereum and backed 1:1 by Bitcoin. Circle says the asset makes use of segregated custody and Chainlink Proof of Reserve. The…
Bitcoin merchants are heading into the Federal Reserve determination with rate-cut hopes fading, macro volatility elevated and BTC nonetheless struggling to interrupt cleanly from its current consolidation zone. TL;DR CME FedWatch chances needs to be timestamped as a result of they transfer all through the day. The supply packet locations BTC round $65,000–$66,000 throughout the…
Kevin Warsh steps into his first FOMC highlight later at present, whereas Binance MiCA license is hanging within the steadiness. As BTC USD Grinds sideways, a viral teaser clip from CZ on Hyperliquid comes and stirs contemporary drama. BTC USD holds regular at $65-$66K with on-chain patrons absorbing over 125,000 BTC this month. Markets sit…