US spot Bitcoin ETFs recorded US$221.7 million in net inflows on Thursday, their largest single-day intake in about two months. The inflows ended a punishing 10-day outflow streak that had drained US$2.73 billion led this time by Fidelity’s FBTC. BlackRock’s IBIT bucked the rebound with an outflow, and a US$5.4 billion year-to-date deficit shows one […]
Irish authorities have completed a third Bitcoin recovery linked to Clifton Collins, taking total seized assets to 1,500 BTC with Europol providing technical support. The case demonstrates how recovering illicit cryptocurrency depends not only on tracing blockchain activity but also on obtaining access to lost private keys. Around 4,500 BTC remains in nine untouched wallets, […]
Record June withdrawals from US spot Bitcoin ETFs pushed 2026 net outflows higher and reduced cumulative inflows since launch. BlackRock’s IBIT accounted for the vast majority of redemptions, while total ETF Bitcoin holdings fell below year-ago levels. Strategy’s new capital programme was overshadowed by the scale of ETF selling, with its shares reversing early gains […]
Cantor Fitzgerald analysts, led by Gareth Gacetta, said Bitcoin is “only a few months away from the bottom of this pullback” as the token trades near US$59,500 Across the previous three cycles, Bitcoin bottomed an average of 384 days after peaking; as of June 10 it was 252 days past its 2025 high, pointing to […]
Strategy said it may sell up to US$1.25 billion of Bitcoin to replenish cash reserves, reversing its years-long strategy of buying and never selling. The company also launched two US$1 billion buyback programs for its common and preferred shares, while its stock has fallen nearly 80% over the past year. The shift follows its market […]
Michael Saylor’s latest social media post has fuelled expectations Strategy will announce another Bitcoin purchase. Strategy’s Bitcoin holdings are valued well below their purchase cost, leaving the company with an estimated paper loss of US$13-14 billion. Falling share prices and pressure on Strategy’s financing model have prompted criticism despite its continued accumulation strategy. Michael Saylor […]
US spot-Bitcoin ETFs bled more than US$1.3 billion last week, the bulk of it from BlackRock’s IBIT, as outflows ran for seven straight trading days. IBIT shed about US$444.5 million on June 26 alone, its largest single-day withdrawal since launching in January 2024. Glassnode analysts said investors are now cutting exposure rather than buying the […]
Bitcoin dropped below US$60,000 for the third time this year, sliding to about US$59,000, its lowest level since October 2024. A second day of selling in chip and AI stocks dragged risk assets lower, while Bitcoin exchange-traded funds headed for a seventh straight week of net outflows. Steady institutional buying, including fresh purchases by Strategy […]
Bitcoin miner revenue has fallen to around US$30 million (AU$42.6 million) per day, while transaction fees now contribute only a small share of earnings. Bitcoin has traded below JPMorgan’s estimated US$78,000 (AU$110,760) production cost for five consecutive months, leaving roughly 20% of miners unprofitable. Mining difficulty has declined twice this year and public mining companies […]
Bitcoin tested a two-week low near US$62,000 (AU$89,280) on Tuesday, down about 4%, as investors retreated from risk assets across global markets. Ether, XRP and Solana each fell at least 5%, while the Nasdaq slid and semiconductor stocks led equity losses, with Micron and SanDisk down 12% and 13%. The retreat followed a hawkish signal […]