Matt Hougan says investors should focus less on identifying Bitcoin’s exact bottom and more on the broader outlook shared by major research firms. Galaxy Digital, NYDIG and Standard Chartered disagree on whether BTC has already bottomed, with estimates ranging from roughly US$43,000 to US$59,000. Despite differing short-term views, all three firms expect Bitcoin to recover […]
Strategy acquired 1,587 Bitcoin for about US$100 million between June 8 and 15, raising total holdings to 846,842 BTC. The purchase, made at an average of US$63,024 per coin, sits below the firm’s US$75,656 average cost basis. Strategy funded the buy by selling roughly US$209 million of MSTR stock, more than double the amount spent […]
Reports of a Trump-brokered U.S.-Iran peace deal pushed Bitcoin to around US$65,300, with traders betting on lower geopolitical risk. WTI crude fell roughly 3% to about US$87.33 a barrel on hopes the Strait of Hormuz would reopen, reversing last week’s war-driven spike. The agreement’s terms and reported June 19 signing remain unconfirmed, leaving markets exposed […]
Bitcoin traded back above US$63,000 (AU$89,460) on June 11, rising about 2.5% even as Iran shut the Strait of Hormuz and oil spiked. WTI crude surged above US$91 (AU$129) a barrel after the closure of a waterway that carries roughly 20% of the world’s oil supply. The rebound held despite U.S. producer prices rising 5.1% […]
Financial advisers remain interested in crypto but are increasingly focused on stablecoins and tokenised assets rather than Bitcoin. Interest is shifting towards blockchain applications in payments and capital markets as tokenisation gains attention across finance. Hougan believes advisers and institutions could help drive the next phase of crypto adoption, with assets such as Ethereum, Solana, […]
Bob Loukas argues Bitcoin’s recent decline remains consistent with previous four-year market cycles and does not represent a structural break from historical behaviour. The analyst believes the market has entered the period when cycle lows typically form, making the coming months particularly important for Bitcoin’s direction. Loukas has identified US$53,000 (AU$73,670) as a major level […]
A Bitcoin wallet dormant since 2011 transferred 35.55 BTC after being named in a New York lawsuit seeking ownership of allegedly abandoned wallets. Plaintiffs claim legal title to roughly 3.8 million BTC across 39,069 addresses using New York’s lost-property laws. The wallet’s activity prompted Galaxy Research’s Alex Thorn to argue the coins were not abandoned, […]
Michael Saylor has reignited speculation about another Bitcoin purchase after sharing a chart that investors often associate with upcoming Strategy acquisition announcements. The renewed attention comes shortly after Strategy disclosed its first Bitcoin sale since 2022 and temporarily paused further accumulation while repurchasing debt. CEO Phong Le reaffirmed that the company’s objective remains increasing both […]
A New York judge has paused a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding an estimated 3.8 million BTC. The plaintiffs are attempting to use New York’s lost-property laws to claim inactive wallets, a legal theory not previously applied to blockchain assets. Attorney Ian R. Cohen argues the law was designed for tangible […]
Bitcoin’s slide below Strategy’s average acquisition cost of US$75,699 pushed the firm’s 843,706-BTC position to an unrealised loss of roughly US$11.2 billion. Strategy’s preferred stock fell below its target value and MSTR shares slipped about 1.5% in pre-market trading, extending a weekly decline of around 14%. Executive chairman Michael Saylor framed the drawdown as a […]