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Bitcoin has edged slightly higher after touching lows near $58,500, but one of the most accurate forecasters of this cycle is not convinced the worst is over. Markus Thielen, Founder and CEO of 10x Research, said this week that the modest recovery is unlikely to hold and that Bitcoin could fall as low as $46,000 to $47,000 before finding its genuine cycle low.

The rest of the article remains unchanged from the previous version, with Thielen’s analysis of ETF outflows, the absence of meaningful buyers, the Elliott Wave targets, the Fed outlook and his comparisons to the 2022 to 2023 cycle all standing as written.

No Real Buyer Anywhere in Sight

Thielen’s bearish near-term view centres on a simple observation: the market has lost its primary source of demand. Strategy, formerly MicroStrategy, was the single largest buyer of Bitcoin year to date, deploying approximately $13 billion in acquisitions. That buying has slowed significantly. Meanwhile, U.S. spot Bitcoin ETFs have bled approximately $7 billion in net outflows since mid-May, when the first hot inflation report shifted the macro environment against risk assets.

“There’s no real buyer in the market right now,” Thielen said. “That’s why we’re still in this liquidation period from the ETFs.”

He also noted that the average ETF buyer is now significantly underwater, with many of those holders beginning to cut losses around the $60,000 level, adding further selling pressure precisely where the market needs support.

The Path to $46,000 and Back

Thielen’s Elliott Wave analysis maps out a clear structure. Bitcoin completed a five-wave advance from late 2022 into the 2025 high, and the current decline represents the corrective phase. Wave A brought Bitcoin down to approximately $63,000 in February. Wave B produced the counter-trend rally to $82,000 to $83,000. Wave C, the current decline, targets the $46,000 to $47,000 range.

Once that level is reached, Thielen expects a recovery rally of approximately 30% back toward $60,000 to $65,000 by year-end, driven by a shift in Federal Reserve posture as inflation cools and oil prices retreat following the resolution of geopolitical tensions.

The Fed Is the Key Variable

The macro vice gripping Bitcoin tightened significantly when Kevin Warsh was nominated as Fed Chair in late January. Every inflation reading since has reinforced the hawkish case, and markets are now pricing a 70% probability of at least one rate hike before year-end. Until that expectation reverses, Thielen argues, Bitcoin lacks the macro catalyst needed for a sustained move higher.

He draws a direct parallel to 2022 and 2023, where Bitcoin spent months trading sideways between $16,000 and $30,000 before the Grayscale SEC victory in August 2023 finally shifted sentiment. The lesson from that cycle is that bottoms form slowly and sentiment does not turn bullish until well after the low is already in.

When Does the Bottom Form

Thielen’s base case points to a low forming sometime in Q4 2026, possibly around October, consistent with historical bear market timing patterns that suggest cycles typically bottom approximately 360 to 380 days from their peak. He plans to be a buyer below $50,000 and expects Bitcoin to be materially higher by 2027.

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Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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For a while now, Michael Saylor’s Strategy has been on a wild ride of criticism. Now, major players like JPMorgan are beginning to issue some warnings. In fact, the banking giant recently called out Strategy’s Bitcoin sales policy. 

For context, Strategy has long relied on a straightforward business model: Raise capital through debt and equity offerings, then use that money to purchase additional Bitcoin [BTC]. 

As a result, a sizeable amount of the circulating supply was essentially locked away rather than actively traded due to its enormous treasury of 847,363 BTC. However, the company’s most recent capital structure is now altering that dynamic.

Strategy’s new game plan raises red flags To pay dividends on its preferred stock or other financial commitments, Strategy has now formally permitted itself to sell a limited quantity of Bitcoin. At the same time, it authorized preferred stock repurchases and launched a $1 billion common stock buyback program. 

Even though the company’s cash reserves of about $2.55 billion cover about 17 months’ worth of preferred dividends and interest costs, JPMorgan thinks this buffer is still insufficient to completely rule out the possibility of future Bitcoin sales. 

The team led by Nikolaos Panigirtzoglou argued,

A higher coverage of 24-36 months would be needed (by issuing common equity to further increase dollar reserves even if this leads to the common equity trading at a discount to NAV) to make investors more comfortable with the idea that Strategy would not need to sell bitcoins in the foreseeable future.

What is the underlying issue? The primary issue is the rise of what JPMorgan refers to as “two-way risk.”

In the past, Strategy operated virtually solely as a Bitcoin buyer, continuously consuming supply whenever it raised new funds. However, under the new framework, the business can switch between buying and selling based on how much cash it needs.

The fact that Strategy is no longer assured of removing Bitcoin from the market—it might even turn into a source of supply when money is needed—introduces uncertainty.

What’s ahead? In fact, in one of the few times the company has sold Bitcoin for operational rather than portfolio adjustments. Even though the $1.25 billion authorized sale capacity only makes up a small portion of its total holdings, the psychological impact could be far greater than the volume of sales. 

Unfortunately, these shifts occur at a time when the U.S. Spot Bitcoin ETFs are facing net withdrawals, and the price of Bitcoin is also struggling.

Henceforth, the only hope at this point is the approval of the CLARITY Act. It has the potential to restore market integrity and the price of Bitcoin, in turn improving the air surrounding Strategy.

Final Summary Instead of an actual warning, JP Morgan has suggested a higher coverage of 24-36 months for Strategy. Though the recent sell-off by Strategy was minimal, it has still induced fear and uncertainty in the market. 

Here's what needs to unfold for BTC to break above $65,000.

After several weeks of lackluster performance and a slide to its lowest level since 2024, Bitcoin (BTC) has finally staged a decisive comeback.

The popular analyst Ali Martinez highlighted the resurgence and spotted three bullish factors that could push the price beyond $65,000 in the short term.

The Winning Formula The primary cryptocurrency recently surged past $62,500, fueled by geopolitical de-escalation in the Middle East and a long-awaited return of ETF inflows after several weeks dominated by outflows.

The analyst noted that BTC’s 12-hour chart has flashed a cluster of bullish technical cues across several key metrics, suggesting additional upside may be on the horizon. He first pointed out the Tom DeMark Sequential indicator, which has printed a buy signal.

Earlier this week, the analyst emphasized that this metric (when viewed on the monthly timeframe) triggered a synchronized bullish call across BTC, ETH, XRP, and SOL.

“Historically, when multiple assets lock in concurrent monthly buy signals, it indicates seller fatigue and a high probability of a long-term market bottom,” he explained.

The second positive sign Martinez touched on is BTC’s Relative Strength Index (RSI), which has printed a bullish divergence against the underlying price action, while the third is the SuperTrend indicator, which signaled a trend shift.

“If these combined indicators receive validation through sustained spot volume, the immediate target for BTC sits at $65,400 – aligning with the TD setup resistance trendline,” he concluded.

Other Optimistic Voices Numerous market observers share Martinez’s bullish outlook, noting that the cryptocurrency has performed quite well in the current month. X user cyclop, for instance, noted that BTC has historically posted double-digit gains in July during bear markets.

You may also like: Bitcoin Reclaims $60K as SOL, BCH Lead Alts Higher (Market Watch) Why Bitwise’s Matt Hougan Thinks Strategy’s Bitcoin Era Is Fading Bitcoin (BTC) Starts July Under $60K, Cardano (ADA) Finally Rebounds: Market Watch The recent whale behavior also reinforces the positive scenario. X user Max Crypto revealed the case of a big investor who opened a $66 million long on BTC that will be liquidated if the price dips to $59.395.

Whales are known as experienced investors who rarely jump on the bandwagon, relying purely on their instincts, and their actions could infuse enthusiasm among smaller players, prompting them to allocate fresh capital to the ecosystem.

Of course, one must tread carefully and keep in mind that the crypto market remains shaky, meaning a renewed pullback in the short term is just as plausible.

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Barstool Sports founder Dave Portnoy has vowed to hold his Bitcoin investment even if it falls to zero after revealing he is down millions on a position bought near $100,000.

Summary

Dave Portnoy says he will hold Bitcoin even if it falls to zero after losing millions on his investment. Portnoy admits years of mistimed Bitcoin trades convinced him not to sell during the current downturn. Robert Kiyosaki and Bitwise CIO Matt Hougan continue to offer contrasting long-term outlooks for Bitcoin. According to an interview with Fox Business host Stuart Varney, Portnoy admitted that his history with Bitcoin has been defined by buying at the wrong time and selling before major rallies.

Speaking about his latest position, he said he purchased Bitcoin at around $100,000 and acknowledged that the investment is now deeply underwater after the asset lost more than half its value from its October peak of $126,080 to about $62,162.

Bitcoin and crypto are making me sad.

— Dave Portnoy (@stoolpresidente) June 4, 2026 Instead of exiting the position, Portnoy said he plans to continue holding. He told Varney that previous attempts to sell Bitcoin had repeatedly backfired because the cryptocurrency rallied soon afterward. Having experienced that pattern multiple times, he said he would rather keep the asset regardless of how far the price falls.

Portnoy also described himself as someone who has been consistently wrong on Bitcoin trades. Looking back on earlier market cycles, he recalled panic-selling the cryptocurrency during a price decline in 2021 before it recovered sharply, adding that those experiences shaped his decision not to sell this time.

Bitcoin outlook remains divided Even as Portnoy remains committed to holding Bitcoin, market participants continue to disagree over where prices could move next.

Earlier this week, as reported by crypto.news, Rich Dad Poor Dad author Robert Kiyosaki’s prediction that Ethereum could reach $95,000 by mid-2027 resurfaced across crypto social media. Kiyosaki argued that a severe global financial crisis could trigger a major repricing of alternative assets.

Under that scenario, he said Ethereum could climb to $95,000 within a year of such an event, while Bitcoin could rise to $750,000 alongside gold reaching $35,000 per ounce and silver advancing to $200.

A day later, Bitwise Chief Investment Officer Matt Hougan wrote that Bitcoin appeared to be entering the final stage of its correction after the STRC-related unwind reduced excess leverage. At the time, he said he expected a new Bitcoin bull market to begin in the fall.

Although he cautioned that identifying the exact bottom is impossible in real time, he said the latest developments suggest the market could be entering the final stage of the current cycle.

Hougan also argued that the next Bitcoin rally is likely to rely less on retail traders and more on institutional investors, including banks, pension funds, sovereign wealth funds, asset managers, financial advisers, and endowments. Based on that view, he said he expects a new Bitcoin bull market to begin in the fall.

Portnoy’s crypto record extends beyond Bitcoin Beyond Bitcoin, Portnoy has been involved with several high-profile crypto projects over the years. He previously promoted the SafeMoon meme coin and publicly identified himself with the Chainlink community, often referred to as the Link Marines.

His trading activity later expanded into Solana-based meme coins. After revealing his wallet address and facing criticism from some traders who accused him of pumping and dumping tokens, Portnoy publicly embraced JAILSTOOL, a meme coin built around imagery of him behind bars. The token later climbed above a $210 million market capitalization and secured a listing on crypto exchange Kraken. Since then, however, it has lost more than 99.5% of its value and now trades at a market capitalization of just over $1 million.

There was a time when a single tweet could move Bitcoin by 10%. When a celebrity endorsement sent token prices through the roof overnight. When "to the moon" counted as an investment thesis for millions of retail crypto investors around the world.

Today, that market has been replaced by more serious, more structural, and more interesting market participants. The next Bitcoin rally will not be driven by narrative. It will be driven by liquidity. And if you don't understand how liquidity moves, you will keep misreading every crypto cycle that follows.

What the Numbers Are Telling UsOver the past eight months, more than $10 billion has moved out of Bitcoin spot ETFs, and that exodus has been a major driver of the downturn we're witnessing. In 2024, inflows into those same ETFs powered Bitcoin to new all-time highs. Institutional capital pulled back, the pillar supporting the rally faded, and retail investors simply did not have the conviction to hold the market up on their own.

Spot ETFs now hold 6-7% of circulating supply, which means every billion dollars of net flow ripples directly into spot prices and through the rest of the crypto market.

Crypto Tracker

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How the Market Grew UpThe 2021 bull run was the last great hype-driven market. Retail FOMO, social media momentum, and speculative excess pushed Bitcoin to its then all-time high. Then came the unravelling of Luna, Celsius, and FTX. Each collapse eroded the casual investor's willingness to act on hype without scrutiny.

At the same time, the market's composition changed underneath it. The SEC's approval of spot Bitcoin ETFs in January 2024 brought institutional capital into the space through regulated vehicles. BlackRock's iShares Bitcoin Trust alone commands approximately $43 billion in assets under management as of June 2026.

These are investors who allocate based on macro conditions, rate environments, and portfolio construction frameworks with a long-term view, the same forces that move equity and bond markets.

Liquidity Is the Variable That Matters NowEmpirical research shows a significant strengthening in the relationship between global M2 money supply growth and Bitcoin price appreciation, with roughly a 90-day lag and correlation coefficients reaching 0.78 during the 2020-2023 period.

Put simply, when global liquidity expands, Bitcoin goes up. When it contracts, Bitcoin comes under pressure. That three-month lag means the direction of global money supply today is a leading indicator of where Bitcoin is headed next quarter, whether you're watching for it or not.

Stronger-than-expected inflation readings and elevated bond yields have complicated the picture for Federal Reserve policy. Persistent energy price pressures and geopolitical instability now have investors worried that rate cuts could be delayed, and that makes for a less supportive environment for risk assets like Bitcoin.

What the On-Chain Data Is Actually SayingHere is where it gets interesting. Beneath the price weakness, the network is telling us a different story altogether. CryptoQuant's Bitcoin Network Activity Index has climbed steadily since January and recently hit its highest level since late 2024. Daily Bitcoin transactions have crossed 800,000, nearing the highs of the previous bull cycle.

Even the selling pressure from ETF redemptions has not triggered a rush of coins onto exchanges for liquidation, which tells you that some of these outflows are internal portfolio rebalancing, not investors walking away from Bitcoin.

What the Next Rally NeedsAny rotation back into growth positioning would likely pull Bitcoin along with it, re-anchoring the asset to the liquidity backdrop. An ETF flow reversal would provide direct support to prices.

Watch for a softening in Fed language, easing inflation data, and a resolution to the geopolitical tensions that have kept oil prices elevated and rate-cut expectations suppressed. Any one of these could meaningfully improve liquidity conditions, and when liquidity returns, Bitcoin has consistently been among the first assets to reflect it.

The next leg of this cycle will not announce itself through celebrity endorsements or viral posts. It will show up quietly, in ETF flow data, in M2 expansion numbers, and in what the bond market is telling us about where rates are headed.

The investors who stand to benefit most from the next Bitcoin rally are the ones watching the Fed, tracking ETF flows, and understanding that Bitcoin's price today is largely a function of how much capital the global financial system is willing to allocate to risk assets.

(The author Prateek Gupta is Head of Business, Mudrex)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Donald Trump struck an optimistic tone on the U.S. economy, arguing that stronger economic growth could support both traditional financial markets like US Stock and risk assets such as cryptocurrencies.

His comments came as Bitcoin rose 1.99% to trade around $62,583, while Ethereum hovered near $1,751 and XRP traded close to $1.13 following a volatile second quarter.

The latest rally was largely driven by a macro-fueled short squeeze after weaker-than-expected U.S. jobs data eased investor concerns over additional interest rate hikes by the Federal Reserve.

Bitcoin is also reportedly showing a 76% correlation with gold, indicating that some investors increasingly view both assets as potential hedges against inflation amid shifting economic expectations.

Trump Says U.S. Economy Is StrengtheningTrump stated that the U.S. stock market had just completed its strongest quarter since his previous administration, pointing to gains in the S&P 500, Nasdaq, and Dow Jones Industrial Average.

"We are the strongest and most powerful country on Earth. And by the grace of God, the United States of America is the most successful, most accomplished, most exceptional nation ever to exist in human history." – President DONALD J. TRUMP 🇺🇸 pic.twitter.com/bGVSS80bJu

— The White House (@WhiteHouse) July 4, 2026 He argued that rising markets were helping boost Americans’ retirement savings through stronger 401(k) balances while his economic policies continued to support growth.

Trump credited several factors for the economic momentum, including:

Tax cuts aimed at increasing disposable income for working families.A narrowing U.S. trade deficit supported by rising exports.Trillions of dollars in announced investments contributing to factory construction, job creation, and manufacturing expansion.Calling it only the beginning, Trump said:

“The Trump economy is soaring. The Stock Market just completed its BEST QUARTER since the last time he was President. Stocks are surging, exports are rising, the trade deficit is shrinking, and trillions in investment are creating jobs. The Golden Age of America is just getting started.”

Stronger Growth and Lower Rates Could Benefit CryptoTrump also criticized the tendency of markets to react negatively to strong economic data due to inflation concerns.

He argued that stronger economic growth should be welcomed rather than feared and suggested that the Federal Reserve may have room to lower interest rates. Trump also praised former Federal Reserve Governor Kevin Warsh while indicating that some policymakers could make future rate cuts more difficult.

Historically, lower borrowing costs have been supportive of risk assets, including cryptocurrencies, making Trump’s comments particularly relevant for Bitcoin and the broader digital asset market.

Investors Continue Watching Policy DevelopmentsBeyond traditional markets, the Trump administration has become increasingly associated with a more crypto-friendly regulatory approach. Meanwhile, Congress continues to work on major digital asset legislation, including the CLARITY Act, as institutional adoption of cryptocurrencies expands.

The outlook for the second half of 2026 remains constructive for crypto markets if economic growth continues and investor confidence remains strong.

🚨 PRESIDENT TRUMP JUST DROPPED: "THE TRUMP ECONOMY IS SOARING! The Stock Market just completed its BEST QUARTER since the last time I was President."

"The S&P 500, Nasdaq, and Dow are all SURGING, sending Americans’ 401(k)s higher and higher. My Working Families Tax Cuts mean… pic.twitter.com/GvklqaQs7Y

— Eric Daugherty (@EricLDaugh) July 4, 2026 However, analysts caution that volatility could increase depending on future Federal Reserve decisions, tariff negotiations, and corporate earnings results, particularly from the artificial intelligence sector, which continues to influence broader market sentiment.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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In brief Barstool Sports founder Dave Portnoy said he's down millions of dollars on Bitcoin as the top coin falls. Portnoy admitted he's never gotten anything "more wrong" than the leading cryptocurrency. In 2021 he famously "paperhanded," or panic sold, some of his Bitcoin after a price drop. Barstool Sports founder and media personality Dave Portnoy knows he’s not an expert crypto trader—but that’s never stopped him from trying over and over again for several years now.

This week, Portnoy told Fox Business host Stuart Varney that he’s down millions on Bitcoin, the top crypto asset by market cap, as it has fallen more than 50% from its October all-time high of $126,080 to a recent price of $62,162.

“Yeah, I’ve got regrets,” Portnoy told Varney about his crypto trading experience. “I bought the thing at $100,000, so I mean, right now, I don't know what’s going on.”

Bitcoin and crypto are making me sad.

— Dave Portnoy (@stoolpresidente) June 4, 2026

Portnoy provided an honest assessment of his storied history with crypto trading, which includes moments where he “fucking paperhanded,” or panic-sold his Bitcoin in 2021 after a drop in the price. 

“There’s nothing I've been wrong about more than Bitcoin,” he told Varney. “Every time I sell it, it goes nuclear. Every time I buy it, it tanks.”

Despite the consistent downward price action for Bitcoin and other top crypto assets in recent months, Portnoy said this time he’s just holding his ground. 

“I’m just holding. I’ll just hold this thing down to $0,” he said. “I know if I sell it, it’s going to go nuclear again.”

“I’d rather go down with the ship this time,” Portnoy added. 

Portnoy’s crypto history extends beyond Bitcoin, though, previously championing controversial meme coins like SafeMoon (SFM) while also declaring himself a proud member of the Link Marines, a community of investors that support LINK, the native token of the oracle network Chainlink.

Last year, Portnoy got deeper into Solana meme coins, frequently trading in the trenches alongside other risky traders. After doxxing his wallet and earning criticism for allegedly “pumping and dumping” meme coins, Portnoy embraced JAILSTOOL, a meme coin promoted with imagery that depicted his face behind bars. 

“Hey crypto bros, I think whoever made this coin is funny and I want to collect it as a memory of you bitches crying like little babies,” he said. 

The token surged to a market cap above $210 million and earned a listing on centralized exchange Kraken. But as of Friday, the token is down more than 99.5% and trades just above a $1 million market cap.

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The cryptocurrency market is a 24/7 arena filled with constant motion and instant changes. While you’re asleep at midnight, Bitcoin’s price can suddenly surge, or while you’re sitting in a meeting, your favorite altcoin might hit a local bottom. In such a fast-moving market, gaining an edge requires one essential thing: a smart assistant that delivers complete, real-time data without delay. This is exactly where a lightweight yet highly capable app steps in available on both iOS and Android, natively supporting English, Spanish and Turkish, and removing the hassle of mandatory sign-ups: CryptoAppsy.

Everything on a Single ScreenFrom the moment you open the app, you’re greeted with real-time prices for thousands of cryptocurrencies from Bitcoin to the latest newly launched altcoins. CryptoAppsy processes data pulled from global exchanges within milliseconds and delivers automatic updates every 5 seconds. This ensures you never miss arbitrage opportunities and can catch sudden price movements the moment they happen.

In the Dashboard tab, you can view your favorites, portfolio, price alerts, and personalized news all on a single screen and updated automatically in real time. Instead of jumping between multiple exchanges or pages, you stay focused on the assets that matter most to you. Below, you can see examples of the price and dashboard screens.

Crypto & USD Earning Opportunities Are Waiting for You!New rewards and surprise opportunities are added to the app every day. You can instantly check today’s special offers on the Deals page and follow regularly refreshed chances to earn crypto and USD. Don’t forget to tap the icon in the top-right corner of the app and check it frequently luck can strike at any moment!

A Feature You Won’t Find Elsewhere: Multi-Currency Portfolio ManagementCryptoAppsy also offers a smart portfolio management tool designed to help you track your investments holistically. When you manually define your portfolio within the app, your total asset value is automatically recalculated every 5 seconds using live exchange rates. There’s no need to create spreadsheets to see your performance your real-time profit and loss figures are always visible on screen.

What truly sets CryptoAppsy apart is its unique multi-currency support. Even if you purchased different coins using different fiat currencies such as USD, TRY, EUR, JPY, GBP, CNY, AUD, CAD, CHF, HKD, or SGD all your positions are tracked simultaneously and presented as a total portfolio value in any fiat currency you choose. For example, even if you bought BTC in USD and ETH in GBP, the app instantly aggregates everything using live rates and displays your total value in USD, EUR, or any supported currency. This level of flexibility is a major convenience rarely found in similar apps.

A News Feed Tailored to Your PortfolioIn the crypto world, information is just as valuable as capital. However, cutting through the noise can be difficult. CryptoAppsy solves this with its integrated News section. The app delivers up-to-date news summaries in the language you’re using Turkish, English, or Spanish curated by experienced editors from dozens of trusted sources and presented in clear, concise formats.

The best part? You can filter the news feed to show only articles related to the cryptocurrencies in your own portfolio. As shown above, once you activate the My Portfolio filter, the app lists only the latest news relevant to your investments. A single tap is enough, and the app remembers your preference every time you open it. You can also filter news by specific coins such as BTC or ETH and access the original sources with just one touch.

Additionally, the Live Feed within the News tab lets you follow breaking developments instantly on a single screen. The Weekly Highlights section shows all major upcoming events for the week, clearly indicating the day and time of each. This way, instead of wasting time on social media rumors, you get critical, market-moving information directly from reliable sources without extra effort.

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What Users Say: A 5.0/5 Rated ExperienceUser feedback clearly confirms the value CryptoAppsy delivers. With ⭐5.0 on the App Store and ⭐4.7 on Google Play, reviews frequently highlight phrases like “perfect for beginners,” “excellent news summaries,” “clean and eye-friendly design,” and “no need for another app.” Many users also note that fast notifications help them act on opportunities without delay. This high satisfaction shows that CryptoAppsy is a reliable and practical solution for both newcomers and active traders alike.

Thanks to its intuitive design, even first-time users can navigate CryptoAppsy without wondering, “What should I do next?” The interface is simple and beginner-friendly, while remaining fast and performance-focused for experienced traders. Its lightweight structure ensures smooth operation even on older devices. There’s no email verification or registration required just download the app and start tracking the market within seconds. Beginners can explore confidently, while professionals benefit from the speed required when milliseconds matter.

Whether you’re preparing to make your first crypto investment or actively trading on a daily basis, CryptoAppsy is the ideal companion for simplifying market complexity and saving you time. With real-time prices, personalized portfolio tracking, smart alerts, clean and live news feeds, and instant access to newly listed coins, CryptoAppsy stands out from the competition. Download CryptoAppsy now from the App Store or Google Play, take control of the crypto market, and start seizing opportunities today.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

KEY TAKEAWAYS

Strategy (formerly MicroStrategy) held 847,363 BTC as of late June 2026, acquired for approximately $64.1 billion at an average cost basis of $75,651 per coin, making it the largest corporate holder. Bitcoin’s 52% decline from its October 2025 peak of $126,080 exposed the leverage embedded in Saylor’s treasury model, with Strategy reporting a $12.5 billion loss in Q1 2026 alone. Strategy raised $25.3 billion in 2025 through equity offerings and preferred stock instruments, including STRF, STRK, STRC, and STRD, making it the largest U.S. equity issuer that year. Michael Saylor broke his longstanding pledge never to sell Bitcoin when the company made its first-ever BTC liquidation in May 2026, signaling a shift in operational flexibility. JPMorgan warned in July 2026 that Strategy’s concentrated buying could increase volatility, and any forced liquidation could have an outsized impact on Bitcoin’s overall price dynamics. Few corporate strategies have generated more debate than Michael Saylor’s transformation of Strategy (formerly MicroStrategy) into what he calls a Bitcoin Treasury Company. Since buying its first 21,454 BTC in August 2020, Strategy has accumulated more Bitcoin than any public company or government, SEC filings show. 

With 847,363 BTC as of late June 2026, it controls over 4% of Bitcoin’s total supply, StealthEX confirms. But Bitcoin’s steep decline from its October 2025 peak has raised questions about sustainability. This article examines the mechanics, rewards, risks, and how Saylor’s strategy fits the broader crypto ecosystem.

How the Treasury Model Works Strategy’s approach is built on a capital markets flywheel. The company raises capital through at-the-market (ATM) equity offerings, convertible debt, and perpetual preferred stock, and uses the proceeds to purchase Bitcoin. The company’s Q1 2026 SEC filing disclosed that it held 818,334 BTC as of May 3, 2026, reflecting 22% year-to-date growth. The company raised $11.68 billion in that same period.

Strategy measures performance using a proprietary metric called BTC Yield, which tracks the increase in Bitcoin holdings relative to diluted shares outstanding. The company reported 9.4% BTC Yield year-to-date through Q1 2026. 

Michael Saylor has described the strategy as stretching Bitcoin from a nonyielding asset into a capital-markets engine, CoinDesk reported at an April 2026 Mizuho event. Strategy’s preferred stock product STRC carries an 11.5% yield, which the company considers well below Bitcoin’s expected long-term appreciation rate.

The BTC Yield metric obscures a critical dynamic: it measures Bitcoin accumulation relative to diluted shares, but dilution itself has been extreme. Fortune reported in February 2026 that Strategy’s Class A common shares outstanding grew from 76 million in mid-2020 to approximately 314 million by February 2026, an increase of 313%. 

No other major U.S. company has diluted shareholders at anywhere near this rate. This means existing shareholders are receiving more Bitcoin per share, but each share represents a smaller piece of the overall company.

The Risks Materializing in 2026 Bitcoin hit an all-time high of $126,080 in October 2025, and by late June 2026, it had fallen over 52% to approximately $58,500. With an average cost basis of approximately $75,651, Strategy has roughly $14 billion in unrealized losses at current prices.

In May 2026, Saylor broke his longstanding pledge never to sell Bitcoin. Strategy executed its first-ever BTC liquidation, a small sale relative to total holdings, BYDFi reported. The sale was modest, but it shattered the narrative of unconditional accumulation that had underpinned investor confidence.

JPMorgan issued a warning in early July 2026 that Strategy’s concentrated buying could lead to increased volatility and market instability, Phemex reported. The bank cautioned that any liquidation could have outsized impacts on Bitcoin’s price.

Broader pressure compounded: $2.8 billion left spot Bitcoin ETFs in nine consecutive sessions through late May 2026, the longest withdrawal streak since their 2024 debut, Axios reported.

The Reward Case: What Has Worked Despite the drawdown, Saylor’s strategy created significant value over its five-year run. Strategy’s stock appreciated over 1,000% from pre-Bitcoin levels at the peak. The model inspired copycat treasury strategies, including Strive, whose CEO Matt Cole disclosed 14,557 BTC as of April 2026, CoinDesk reported.

Saylor’s thesis received indirect validation from the U.S. government. The White House announced a Strategic Bitcoin Reserve, lending government weight to the argument that Bitcoin can sit alongside gold on national balance sheets.

At the Bitcoin 2026 conference, Saylor argued that as capital flows into the Bitcoin network, the price should increase, and outlined conditions under which Bitcoin could eventually reach $10 million per coin.

TD Securities maintained a buy rating on Strategy with a $500 price target, citing the company’s $2.25 billion cash reserve as a buffer against a prolonged crypto winter, The Block reported. Understanding the interplay between Bitcoin treasury strategies and broader market dynamics is essential for evaluating whether the reward thesis still holds.

Regulatory Implications Strategy faces regulatory scrutiny on multiple fronts, and the SEC has reviewed its accounting under ASU 2023-08, which requires fair-value measurement and recognizes price changes in net income.

Strategy urged MSCI to reject a proposal to bar companies with over 50% of their assets in crypto from equity benchmarks. Pending U.S. market structure legislation could reshape how corporate Bitcoin treasuries are reported.

What’s Next? Strategy’s near-term trajectory is tethered to Bitcoin’s price. If Bitcoin recovers toward its cost basis, the model’s leverage amplifies gains. If it declines further, the company faces growing pressure on its preferred stock dividends and potential credit downgrades. Saylor’s 42/42 Plan aims to raise $84 billion over two years to continue accumulating Bitcoin, TradingKey reported. 

Whether capital markets remain willing to fund that ambition at current prices is the central question. Projections about Bitcoin’s future price are speculative and should not be treated as forecasts. The leveraged model carries the risk of substantial loss if sustained weakness forces sales at depressed prices.

FAQs How much Bitcoin does Strategy own?
Strategy held 847,363 BTC as of late June 2026, acquired for approximately $64.1 billion at an average cost basis of $75,651, representing more than 4% of total supply.

What is BTC Yield?
BTC Yield is Strategy’s proprietary metric measuring the percentage increase in Bitcoin holdings per diluted share, designed to show value creation for shareholders over time.

Has Michael Saylor ever sold Bitcoin?
Yes, Strategy executed its first-ever Bitcoin sale in May 2026, breaking Saylor’s longstanding pledge never to sell, though the amount was small relative to total holdings.

What is the 42/42 Plan?
The 42/42 Plan is Strategy’s goal to raise $84 billion over two years through equity and debt offerings to fund continued Bitcoin accumulation at unprecedented institutional scale.

What risks does Strategy’s model face?
Key risks include Bitcoin price declines below cost basis, extreme shareholder dilution, preferred stock dividend obligations, potential forced liquidation, and regulatory or accounting changes.

What did JPMorgan warn about Strategy?
JPMorgan warned in July 2026 that Strategy’s concentrated Bitcoin buying could increase market volatility and that any forced liquidation could disproportionately impact Bitcoin’s price.

Is Strategy’s Bitcoin strategy financial advice?
No, Strategy’s model is a corporate treasury strategy with substantial leverage and concentration risk that may not be appropriate for individual investors with different risk profiles.

References Strategy Inc. “Q1 2026 Financial Results 8-K Filing.” SEC. https://www.sec.gov/Archives/edgar/data/0001050446/000105044626000024/mstr-20260505x8kxex991.htm CoinDesk. “Michael Saylor Says Bitcoin Has Likely Bottomed.” April 2026. https://www.coindesk.com/markets/2026/04/08/michael-saylor-says-bitcoin-has-likely-bottomed-quantum-risk-overblown Fortune. “When Bitcoin Prices Turned Against Michael Saylor.” February 2026. https://fortune.com/2026/02/20/michael-saylor-bitcoin-prices-preferred-shares-dilution-strategy/ Axios. “Bitcoin Faces Mounting Pressure Beyond Strategy Sale.” June 2026. https://www.axios.com/2026/06/03/bitcoin-saylor-strategy-stocks

United States spot Bitcoin exchange-traded funds recorded $221.7 million in net inflows on July 2, 2026, their strongest single-day intake since early May and the first session above $200 million in nearly two months. 

The result snapped a 10-day streak of net outflows that drained more than $2.7 billion from the funds, according to SoSoValue data. The rebound follows a record $4.5 billion in net outflows across all spot Bitcoin ETFs during June, the worst monthly performance on record for the product category.

FBTC Absorbs 75% of the Day’s Inflows Fidelity’s Wise Origin Bitcoin Fund led the recovery with $166 million in net inflows, accounting for roughly 75% of the day’s total, according to Farside Investors data. ARK 21Shares Bitcoin ETF followed with $91.8 million in net inflows, while VanEck’s HODL and Valkyrie’s BRRR attracted $4.4 million and $1.7 million, respectively.

BlackRock’s iShares Bitcoin Trust, the largest US spot Bitcoin ETF by assets under management, continued to shed capital. IBIT posted $40.4 million in net outflows on the same day, extending an 11-session outflow streak that has cost the fund more than $2.2 billion since June 17, 2026. 

No other fund recorded outflows on the session, making BlackRock the sole drag on an otherwise uniformly positive day. The contrast between Fidelity’s gains and BlackRock’s losses was the sharpest single-day divergence between the two funds this year.

Why the FBTC and IBIT Paths are Diverging Matt Hougan, chief investment officer at Bitwise, suggested in a client memo that the broader market could be nearing a bottom amid what he described as late-cycle dynamics. Bitcoin reclaimed the $61,000 level after briefly falling below $59,000 earlier in the week, according to CoinGecko data.

The divergence between FBTC and IBIT is notable because it may signal a structural rotation rather than fresh capital entering the space. Fidelity has now led inflows on three of the past five positive-flow sessions, a pattern that did not exist earlier in 2026. 

If Fidelity continues to absorb the bulk of new inflows during recovery sessions while BlackRock bleeds, it would mark a meaningful shift in the competitive dynamics of a product category that BlackRock has dominated since the launch of spot ETFs in January 2024. Fee differences, redemption mechanics, and institutional mandate preferences could all play a role in the rebalancing.

Altcoin ETFs Gain Alongside Bitcoin The recovery extended beyond Bitcoin in the same session. US spot Ether ETFs attracted $29.1 million in net inflows, following $14.9 million the prior session. XRP ETFs also returned to net inflows at $6.6 million after two consecutive sessions of outflows. 

The breadth of the rebound across multiple asset classes suggests the capital rotation was not limited to Bitcoin alone. The global crypto market cap climbed 2.4% to $2.22 trillion over the prior 24 hours, according to CoinGecko. 

Despite the rebound in inflows, the Crypto Fear & Greed Index from Alternative.me registered an extreme fear reading on July 3, 2026. That disconnect between improving fund flows and deeply negative sentiment has historically preceded volatile short-term price action in either direction.

Is There a Bullish or Bearish Signal for Bitcoin Right Now? An Analysis Firm Gave a Clear Answer

The technical outlook for Bitcoin remains weak, signaling continued downward pressure across the market. However, several long-term indicators show similarities to the bottom phases of previous bear cycles. As of July 3, 2026, Bitcoin is trading at $61,848. Over the past 24 hours, the cryptocurrency has risen 0.84%, recording a daily trading volume of $36.14 billion and a market capitalization of $1.25 trillion.

Key indicators echo past market bottomsCrypto analyst Michaël van de Poppe highlights that Bitcoin’s monthly Relative Strength Index (RSI) has fallen to its lowest point ever recorded over BTC’s trading history. The RSI is widely used to assess the strength of price movements. Historically, extremely low RSI values have often coincided with periods near market bottoms.

Glossary: RSI, or Relative Strength Index, is a technical indicator that measures the speed and direction of price movements. Readings below 30 are considered oversold, while those above 70 indicate overbought. The MACD, meanwhile, tracks momentum shifts via the relationship between short and long-term moving averages.

According to van de Poppe, this month’s monthly RSI level is even lower than those observed during previous bear market lows. He considers this a sign that Bitcoin is currently experiencing one of its most intense periods, and believes the current price zone aligns with past cycle bottoms.

Van de Poppe emphasizes that the monthly RSI has dropped to its lowest in Bitcoin’s history, reflecting similarly weak momentum to what was seen during major market bottoms in the past.

Selling pressure persists on weekly timeframesVan de Poppe also draws attention to the weekly RSI, which slipped below the 30 level this year. According to the analyst, a comparable scenario had only occurred during the sharp sell-off of 2022. The recent push towards lower price levels has likewise mirrored that period’s market structure.

On the weekly Moving Average Convergence Divergence (MACD) indicator, Bitcoin has shown its most pronounced negative expansion to date, reinforcing the momentum behind selling. Van de Poppe notes that several on-chain metrics, too, are converging towards readings previously seen during bear market lows.

The largest negative expansion seen on the weekly MACD reflects continued strong selling pressure, while certain on-chain signals also recall those apparent near earlier market bottoms.

Focus remains on the $57,500–$62,000 support zoneDespite the overall weakness, Bitcoin continues to hold above a major support region. Based on the MA Ribbon, BTC is now priced at $61,893. This level sits below the 20-week moving average at $70,032, the 100-week average at $88,384, and the 200-week average at $88,580.

Additionally, Bitcoin is trading close to the 50-week moving average at $62,652, which is seen as a significant near-term support. A move above the 20-week average at roughly $70,000 would be a positive technical development for the asset.

IndicatorLevelCurrent price$61,84850-week moving avg$62,65220-week moving avg$70,032Lower support region$57,500Traders closely watch volatility bands and supportBollinger Bands also suggest that selling pressure has not completely dissipated. The upper band is placed at $82,551, the middle band at $70,032, and the lower band at $57,513. With BTC’s price trading closer to the lower band, the market remains cautious.

If buyers manage to hold the $57,500 level, there is potential for Bitcoin to retest the middle band near $70,000. However, a sustained loss of this support could bring renewed downward pressure on BTC. Whether the $57,500–$62,000 zone holds and if a recovery to $70,000 is possible will be the key focal points for market watchers in the coming weeks.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Can the Major Bitcoin Bull Strategy Recover From Here, or Are There Warning Signs?

Two AI Models, One Uncomfortable Consensus@grok and @claudeai were each asked, in their top research modes, to give a single Bitcoin price target for December 31st. Neither would commit. SuperGrok's synthesis landed on a base case of $75,000 to $85,000, with a plausible range spanning $55,000 to $100,000-plus. Claude's Fable 5 placed its probability mass between $70,000 and $90,000, with a full range of $55,000 to $110,000. Two different systems, two different methodologies, and nearly identical answers.

Both models took the same position on why: the spread across real analyst forecasts, anywhere from a $25,000 to $50,000 bear floor to $150,000-plus bull targets, tells you more than any single number ever could. That view is consistent with what broader AI forecast experiments have found. Models tend to cluster around cautious ranges rather than bold calls, mapping uncertainty rather than resolving it.

When AI Gets the Facts WrongThere was one notable slip worth flagging. Fable 5 cited Citi's current base case as $143,000 for $BTC. That figure is outdated. Citi had already lowered its Bitcoin target from $143,000 to $112,000 earlier in 2026. Then, on July 1st, the bank cut again. Citi reduced its 12-month price target for Bitcoin from $112,000 to $82,000. In a bear case scenario, the bank values Bitcoin at $53,000 over the next year.

Citi said it was forced to lower its forecasts due to three factors: lower investor appetite, ETF outflows, and a lack of progress on U.S. crypto legislation. U.S. spot Bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since the products launched in January 2024. The AI model was working from a stale data point, which is a reminder that even sophisticated frontier models require source verification when applied to fast-moving markets.

The broader takeaway from the experiment is straightforward. Both AI models, drawing on wide bodies of analyst research, converged on a $70,000 to $90,000 zone as the weighted center of gravity for Bitcoin by year-end. That range happens to sit close to Citi's revised $82,000 base case. Nobody knows. But that is roughly where the probability mass lands once you strip out the noise at both extremes.

Sources
Citi cuts Bitcoin and Ether targets as ETF outflows deepen (Crypto.news)
Citi drastically slashes Bitcoin, Ether price targets (TheStreet)
14 AI Models Including Claude, ChatGPT and Grok Predict Bitcoin's Price Outlook (Bitcoin.com News)

Reiterating its long-standing opposition to cryptocurrency legalization, the Reserve Bank of India (RBI) told the Parliamentary Standing Committee on Finance that virtual digital assets (VDAs), like Bitcoin [BTC] and other cryptocurrencies, pose serious risks to India.

The RBI asserts that because crypto assets function outside the established banking system and are therefore challenging to regulate and oversee, they have the potential to jeopardize financial stability.

The central bank also cautioned that since many trading platforms and service providers are based abroad and are unavailable to Indian regulators, cryptocurrencies can help with illegal activities like money laundering, narcotics trafficking, and financing terrorism.

Additionally, the RBI also mentioned during the meeting that European jurisdictions only allow digital assets under stringent regulatory frameworks. They even cited nations like China and Qatar that have completely banned crypto-related activities. 

The ICAI shares a different viewpoint On the other hand, the Institute of Chartered Accountants of India (ICAI) adopted a different position and advocated for the implementation of a thorough legal framework for VDAs rather than a prohibition.

To increase transparency and regulatory oversight, the ICAI stated that it could assist in the development of accounting standards, financial reporting principles, and compliance guidelines.

Accounting and Auditing for VDAs ICAI can undertake comprehensive research on the various forms of VDAs and analyse their economic characteristics. Based on such research, ICAI may develop detailed guidance on their recognition, measurement, presentation, and disclosure in financial statements.

This dual opinion comes as India’s government continues to tax cryptocurrency transactions without giving them legal status. 

Even though the nation’s current crypto tax system is unaltered, AMBCrypto recently reported that India’s Union Budget 2026 established a more stringent compliance framework for the crypto industry by recommending fines for organizations that neglect to notify tax authorities of crypto-asset transactions. 

Why does the RBI consider cryptocurrency a threat?  This comes after a two-quarter slowdown in retail cryptocurrency trading activity, which dropped to $979 billion in Q1 2026, an 11% year-over-year decline from Q1 2025, according to TRM Labs data.  

Source: TRM Labs Meanwhile, TRM Labs data also showed that the first half of 2026 saw a record 207 security breaches in the crypto industry, the most TRM Labs has ever tracked in a six-month period.

The total losses, however, dropped precipitously to $972 million, less than half of the $2.3 billion that was stolen during the same period in 2025, despite the spike in attack frequency. 

Source: TRM Labs Remarking on this, Ari Redbord, Global Head of Policy at TRM Labs, said 

The underlying threat has not diminished. In fact, it has gotten more sophisticated and more dangerous.

This proves that though the cryptocurrency market has changed from being a speculative, retail-driven area to becoming a more institutional ecosystem, 2026 has been one of its most challenging years.

Events like security breaches, tighter liquidity, geopolitical tensions, regulatory uncertainty, and lower retail participation have slowed investor sentiment and market activity.

Final Summary The RBI and ICAI share polar opposite suggestions on cryptocurrency operation in India. The rise in scams and a slowdown in retail activity might be the reason behind this stringent rules recommendation in India. 

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

TL;DR

XRP ETFs took in $6.55M in net inflows on July 2, all from Bitwise. That marks an eighth consecutive positive week, pushing assets under management to $987.91M across seven funds — about 1.5% of XRP's market cap. The coin is trading at $1.09 against $1.10 resistance heading into a low-liquidity holiday weekend.Blockstream CEO Adam Back called the BIP-110 transaction-filtering proposal effectively dead, with mining-pool support at just 0.31% of hashrate.Shiba Inu coin slipped to 32nd place with a $2.55B market cap, overtaken by NEAR Protocol and Tether Gold. Exchange reserves are climbing back toward 87 trillion tokens after whales returned 493B coins in early July, following a 781B withdrawal in June. About $50M separates SHIB from re-entering the top 30.Bitcoin is holding its $59,000–$62,000 accumulation zone after whales added 270,000 BTC and spot ETFs flipped back to $221.7M in net inflows, but the prolonged Independence Day weekend leaves the market exposed to thinner order books, miner selling pressure, and exaggerated moves if BTC fails to hold above $61,000.American XRP ETFs closed their eighth positive week before the weekendFresh capital entered American spot XRP ETFs right before trading closed for the U.S. Independence Day holiday. The final pre-holiday session brought the funds a net inflow of $6.55 million, closing an eighth consecutive week of institutional buying firmly in positive territory, as per SoSoValue.

Bitwise's fund accounted for the entire day's haul, taking all of the week-ending volume while competitors such as Canary and Grayscale stood at zero. Total assets under management across the seven approved XRP funds have now moved close to the $1 billion mark, reaching $987.91 million. For a young sector, that is a meaningful 1.5% of the asset's total market capitalization.

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Total XRP Spot ETF Net Inflow Over the Last 30 Days, Source: SoSoValueTraders calmly absorbed even the freezing of the CLARITY Act crypto bill, whose vote on Capitol Hill was postponed until the end of the summer because of the recess. Accumulation was also not disrupted by the scheduled release of 1 billion tokens from escrow contracts on July 1. The network absorbed the entire volume without a drawdown, against the backdrop of a three-month record in new wallet creation on the XRPL blockchain.

The coin is now trading at $1.09, pressing against key resistance at $1.10. Thin trading over the holiday weekend could easily tip the balance: if buyers lock in a breakout, the asset will have an open road toward the psychological $1.15 mark, justifying July's historically strong status for XRP.

Adam Back declares collapse of Bitcoin's censoring BIP-110 soft forkBlockstream CEO Adam Back entered the ongoing debate around the BIP-110 proposal, calling the attempt to introduce transaction filtering into Bitcoin commercially stillborn. The well-known cypherpunk reacted harshly to the current disputes in the ecosystem, stating that the initiative had failed because of a lack of interest from investors and traders.

At the center of the conflict is a proposal to limit the network's capacity for non-monetary data such as Ordinals and Runes. According to Back, the desire to artificially clean blocks in the name of imaginary security directly contradicts Bitcoin's p2p nature.

i'm a cypherpunk, and have been running nodes since 1990s. exit remailers, tor, file sharing, bitcoin nodes. p2p networks don't exist unless people with mettle run nodes. filter bippers are weak leeches, scared to p2p, demanding to censor to make nodes "safe" for the weak to run.

— Adam Back (@adam3us) July 3, 2026 He stressed that this filtering fork is already dead on arrival, as the market has completely rejected it and exchanges currently have no long positions in fork futures. Back's words are also confirmed by current on-chain metrics: support for BIP-110 from mining pools has stalled at 0.31% of the total hashrate, making soft-fork activation through the UASF mechanism unrealistic.

Back compared the proposal's authors to people who unsuccessfully tried to burn down a rented house, only to end up outside and now "living in a tent" of their own filtering coin. At the same time, BIP-110 supporters continue to strengthen the defenses around their "granite castle."

The industry veteran concluded that the network's antifragility had once again rejected poorly thought-out ideas, and urged censorship supporters either to adapt or finally split off into their own altcoin.

87 trillion trap: Why Shiba Inu fell out of the top 30Shiba Inu (SHIB) has fallen out of the world's top 30 cryptocurrencies, settling at 32nd place with a market capitalization of $2.55 billion. The meme token failed to withstand direct pressure from NEAR Protocol at $2.6 billion and the tokenized gold asset Tether Gold (XAUt) pushing from behind.

While retail traders remain passive, keeping SHIB's daily trading volume at a modest $70.2 million, major players have started a tough positional battle as exchange reserves return to the critical level of 87 trillion coins, as per CryptoQuant.

This trillion-coin barrier has become a liquidity trap for the token. In late June, whales temporarily eased the pressure by moving 781 billion SHIB to cold wallets, but by early July they had replayed the scenario and returned a fresh batch of 493 billion tokens to exchanges.

Netflow of Shiba Inu (SHIB) coin on centralized exchanges month-to-month, Source: CryptoQuantThe rise in supply to 87 trillion is weighing on price action: investors see it as a sign that large wallets are ready to lock in profit on any local rebound, which firmly blocks growth in market capitalization.

Still, it is too early to write SHIB off. The gap from the coveted top 30 is a symbolic $50 million. Against the backdrop of Japanese competition between Mercari and Rakuten Wallet and expectations for a U.S. ETF from T. Rowe Price, the current drop looks more like a prolonged consolidation.

Whether the token returns to the top league depends on only one thing: whether July demand can absorb those trillions of coins hanging in exchange order books.

Crypto market outlook: Bitcoin accumulation and stablecoin pressure define July openingThe crypto market enters the prolonged Independence Day weekend with Bitcoin recovering above $61,000 after ETF outflows stopped, whales rebuilt exposure near $59,000–$62,000, and stablecoin competition intensified against Circle’s USDC dominance.

Bitcoin price action in Summer 2026, Source: TradingViewKey checkpoints:

Bitcoin accumulation phase confirmed: Whales added 270,000 BTC around $59,000 over two weeks, equal to roughly $16.7 billion in fresh accumulation. Long-term holders also shifted from distribution back to accumulation. The $59,000–$62,000 range is now the main investor positioning zone. Whale behavior and sentiment capitulation show larger holders are treating this area as a buy zone.ETF pressure eased before the holiday weekend: Bitcoin cleared $61,000 after a 10-day spot ETF outflow streak ended. U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows on July 3 after the jobs report reduced fears of a fresh rate-hike shock.July 4 liquidity risk: U.S. markets are entering a prolonged Independence Day weekend. That leaves crypto exposed to thinner liquidity, weaker institutional participation and exaggerated weekend moves.Stablecoin competition is escalating: OUSD launch pressure hit Circle, USDG scaled to $100 million on Robinhood Chain, and non-USD stablecoins reached $1.1 billion in supply, with transfer volume up 16x since 2023.Open USD targets USDC dominance: A new Open USD consortium backed by more than 140 firms, including Visa, Mastercard, BlackRock, Coinbase and Stripe, went live with free minting/redemption and shared reserve yield for partners. Circle stock dropped 14–17% as investors priced in direct competition.What matters next week: BTC needs to hold the $59,000–$62,000 accumulation base and keep ETF flows positive. The upside trigger is continued ETF demand plus progress on U.S. crypto market-structure legislation; the downside risk is renewed miner selling, failed ETF follow-through or thin-liquidity weekend pressure. You Might Also Like

XRP just recorded higher trading volume than Bitcoin on Upbit. The altcoin now trades above a recently reclaimed resistance level.

As a result, analysts are watching whether XRP holds enough momentum to challenge the next major zone. The surge in activity places the $1.15 level squarely at the center of trader attention.

XRP Trading Volume Tops Bitcoin on Upbit. Source: CoinGeckoRenewed Interest in XRP?Trading volume measures the amount of an asset exchanged over a specific period. Rising volume is often seen as a sign of increasing market participation. It typically reflects stronger investor interest across both retail and institutional trading channels.

The altcoin generated roughly 113.18 million XRP in trading volume on Upbit over the past 24 hours. As a result, the token surpassed Bitcoin and became one of the exchange’s most actively traded digital assets.

The move drew immediate attention across South Korean crypto markets.

JUST IN: XRP trades at $1.09 on South Korea's largest exchange Upbit, with 24H volume of 113,178M outpacing Bitcoin's turnover on the platform. pic.twitter.com/caYIjKv9cz

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) July 3, 2026 The timing is notable for the token. XRP recently moved above $1.10. That area had repeatedly capped previous recovery attempts.

Moreover, holding above the zone has improved the short-term technical structure and reinforced expectations of continued buying interest.

Analysts note that the latest move built a more constructive market setup. XRP is now attempting to form a sequence of higher lows and higher highs. That pattern is commonly associated with strengthening bullish momentum across major crypto assets.

The breakout has clearly attracted attention. However, traders remain focused on whether the token can maintain support above former resistance levels. As a result, sustained demand will likely be necessary to maintain the current upward trend.

XRP Price Performance – 7D. Source: BeInCryptoWhy the $1.15 Level Is Drawing AttentionThe next major area under observation sits between $1.14 and $1.15. This range combines short-term selling pressure with a widely monitored long-term moving average. It now represents a potentially significant obstacle for the token.

A successful move above $1.15 could strengthen confidence among market participants. Furthermore, it would likely shift attention toward higher price levels. Conversely, failure to break through the area may lead to additional consolidation before another attempt.

Analysts also note the importance of XRP holding above $1.09 during any short-term pullback. In technical analysis, a former resistance level that becomes support often confirms a more sustainable breakout. That flip strengthens the broader bullish case.

$XRP did the one job: reclaim $1.10.

Swept the downside liquidity at $1.0369, now holding $1.09 support as fresh ground.

Hold above $1.09 and $1.15 is the next test…

Lose it and the flush to $1.07 comes fast.

Do you agree? pic.twitter.com/UWmPZZLOBW

— Alex Marzell (@MarzellCrypto) July 3, 2026 Beyond $1.15, the next notable target remains the $1.20 to $1.30 zone. That area has repeatedly rejected previous rallies. Furthermore, it remains one of the most important resistance regions on the entire XRP chart.

Supporting the bullish narrative, XRP remains above its breakout level as market activity continues to expand. The token is currently trading around $1.11 after surging 2.25% over the last 24 hours, according to BeInCrypto data.

Buyers appear to have maintained control since the move above the resistance level.

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The latest recovery also follows a period of prolonged weakness. XRP’s monthly RSI recently reached its most oversold reading on record. That extreme prompted some observers to consider the possibility of a broader trend reversal across the coming sessions.

Bitcoin Recovers Toward $62K as ETF Inflows Return and Trump’s BTC Holdings Make Waves: Weekly Crypto Update

A whale increased its long exposure to Bitcoin and Solana on Thursday, the 2nd of July. The whale put over $70M on the line.

Additionally, the trader opened a 10X short position on Hyperliquid [HYPE], bringing the total bet to over $78M. 

Initially, the bet seems to be playing out well, with an unrealized profit of about $9.2M. 

Source: Hyperbot The positive unrealized PNL (profit and loss) followed a relief rally following the weaker US Jobs report data. In most cases, weaker Jobs report data suggest that the Fed would reconsider its previous leaning toward rate hikes to boost the labor market. 

Subsequently, any Fed rate cut expectations tend to boost risk-on sentiment, fueling a relief rally across crypto and equity markets. In fact, the stock market posted mixed results. 

As of writing, Google Finance showed that S&P and Nasdaq Futures were green, suggesting the recovery could climb higher. 

Still, the Fed rate expectations didn’t change much after the weak Jobs report. According to the FedWatch tool, odds of another interest rate hike dropped from 28% to 17%, nearly a 2x dip. 

In fact, this eased rate hike fears, likely fueling the mid-week relief recovery as BTC climbed towards $62K. But eased fears didn’t mean an automatic rate cut. 

Source: FedWatch Tool  Interest traders were placing an 83% chance that the Fed would keep the interest rate unchanged at the current 3.50%-3.75% ahead of the end-of-July meeting. After the July 4th weekend, FOMC Minutes will be released next Wednesday, July 8th.

The low-liquidity weekend and the upcoming FOMC Minutes could still trigger market volatility. 

In fact, as of writing, the whale was already down $1.2M, largely weighed down by the HYPE short position, which was down 70%. A hawkish Fed rate pause could likely expose the whale to more losses. 

Source: Nansen  In the meantime, smart money investors were doubling down on Solana [SOL] at the current $81 level. This cohort increased bidding by 129% in the past 24 hours. 

What’s next for Bitcoin, Solana? However, for Bitcoin, short positions were piling up as the king coin attempted to reclaim $62K. There was over $2B in short positions, commanding a 57% dominance as of the time of writing. 

Source: CoinAnk This meant Bitcoin [BTC] traders were increasingly bearish after the relief bounce towards $62K. It also creates the best conditions for a short squeeze. But that depends on how the market will react to the FOMC Minutes. 

Still, the $62.3K and $65K overhead hurdles must be cleared for a sustained recovery. 

Source: BTC/USDT, TradingView  Final Summary A whale increased long exposure to Bitcoin and Solana to over $70M after a weak US jobs report  While the Fed rate hike fears eased, a hawkish interest rate pause could renew the market sell-off 

Bitcoin (BTC) price is up by 2.46% today, July 3, to trade at $61,644 at the time of writing. These gains come as ARK Invest CEO Cathie Wood says that oil’s bull market has ended after President Donald Trump said that the US and Iran are making progress in their negotiations for peace.

Trump’s statement is bringing back demand for risk assets, leading to the crypto market cap rising by 2.63% to $2.13 trillion per CoinMarketCap data.

Cathie Wood Calls End of Oil Bull Case Wood was speaking in the latest episode of “In The Know,” where she said that the reopening of the Strait of Hormuz on June 17 will increase the oil supply, and this will cause oil prices to go down.

She added that the Strait’s reopening means that the bull case for oil is diminishing because 20% of the global oil supply that was previously blocked from passing through Hormuz by the US and Iran will now find its way into the market.

“As Hormuz opens up more and more, we think that oil price could drop precipitously,” Wood said.

Crude oil trades at $68 today, July 3, with this being the lowest price that this commodity has touched since February 2026.

The price of oil could keep falling as Bitcoin rises after negotiators from the US, Qatar, and Pakistan wrapped up talks on July 2, with the second round of negotiations set for July 18.

Bitcoin Price Soars on Easing Geopolitical Tensions Bitcoin price has moved from $57,800 on July 1 to $61,700 today, July 3, as buyers come back because of the easing tensions between the US and Iran.

The four-hour chart shows that when BTC dropped to $57,800 on July 1, it collected the sell-side liquidity left behind during the June 25 crash.

This uncollected liquidity was pulling the price down, but after BTC dropped on July 1 to collect it, it is now making a healthy uptrend.

The bounce from the support of $57,800 on June 25 and July 1 has created a double-bottom pattern. This pattern usually suggests that the trend is about to shift from a downtrend to an uptrend.

Bitcoin has also moved above the neckline resistance of $60,900, and it has made five straight closes above it. If buying pressure continues to rise, BTC price could move to the next obstacle at $63,944.

BTC Price Chart (Source: TradingView) The RSI reading of 61 supports a bullish long-term Bitcoin price forecast. The AO bars that are green and growing in length also suggest that the momentum is favoring bulls.

Bitcoin could move to the target of $67,000 if buyers remain in control. However, if it makes three straight closes below the support of $60,900, it will invalidate the bullish thesis.

Analyst Reveals Bitcoin Bottom Signal as ETF Inflows Return A previous CoinGape report revealed that Grayscale says that Bitcoin has reached its bottom, and analyst Ali Charts now supports this thesis.

In an X post, the analyst said that the TD Sequential Indicator on Bitcoin’s one-month chart is flashing a buy signal. He added that the signal has also appeared for Ethereum, XRP, and Solana, suggesting that the sellers who were pushing crypto prices down are exhausted.

Institutions also seem to support that Bitcoin price has bottomed because data from SoSoValue shows that spot BTC ETFs had $221 million in inflows on July 2.

The $221 million inflows were the highest that these ETFs have seen since the $467 million inflows seen on May 5.

A pseudonymous defendant has moved to dismiss a New York lawsuit seeking ownership of 39,069 dormant Bitcoin addresses, arguing that Bitcoin addresses are merely data strings that cannot be sued.

The defendant, identifying themselves as “John Doe 33,” filed a notice of appearance and motion to dismiss on Thursday, claiming they control one of the dormant wallets named in the lawsuit.

According to the motion, the lawsuit is legally defective because Bitcoin address strings are neither persons nor legal entities subject to the court's jurisdiction. The filing argues that a public Bitcoin address cannot itself be “found” under New York's lost-property law because it has always been publicly visible on the blockchain.

The filing challenges the lawsuit filed in May by plaintiff “Noah Doe” and two Wyoming-based LLCs, ABC Company and XYZ Company. The plaintiffs claim the Bitcoin tied to the listed addresses constitutes abandoned property that they reported to the New York Police Department and claimed under New York lost-property law.

Regardless of how the court rules on ownership, it remains unclear how the plaintiffs could recover any Bitcoin without possessing the private keys needed to access the wallets.

Defendant files a motion to dismiss the case seeking ownership of 39,069 Bitcoin wallets. Source: iapps.court.state.ny.us  

The complaint lists 39,069 Bitcoin addresses, including wallet addresses widely associated with Bitcoin creator Satoshi Nakamoto and the Mt. Gox hacker. The listed wallets collectively hold an estimated 3.7 million BTC (worth about $234 billion), according to Sani, founder of Bitcoin analytics platform Timechain Index.

Defendant appears to control $300 million Bitcoin walletBlockchain data suggests that “John Doe 33” controls a wallet holding 5,000 BTC received in April 2014 that has remained untouched for more than 12 years, making it worth more than $300 million at current prices, according to a Friday X post from Galaxy Digital head of research Alex Thorn.

“That's ~100x the median defendant address. This is a real holder with real standing choosing to fight, not a bystander.”

Source: Alex Thorn

Thorn added that the filing prevented what had been a “near-certain” default judgment and challenged jurisdictional and statutory defects in the plaintiffs' case.

The supply of Bitcoin has been dormant for the past five and 10 years. Source: Bitbo

There are currently 3.5 million BTC, worth about $215 billion, that have been dormant for the past 10 years and another 6.6 million coins, worth around $406 billion, that have been dormant for over five years, Bitbo data shows.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

How Much Gold Is Hiding in the World Cup Trophy — and Why It’s Worth More Than Ever

Jul 3, 2026, 11:27 a.m.

3 min read

Options markets show crypto traders still feel the need for a lifesaver. (Markus Spiske/Unsplash)Summary

This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.

With bitcoin BTC$61,899.78 and the broader crypto market showing signs of life, defensive positioning in the market has eased, not disappeared, a sign of continued caution.

This is evident from the BTC and ether (ETH) options markets listed on Deribit, where put options, derivative contracts offering protection against price slides, continue to trade at a premium to calls, or bullish contracts.

Bitcoin's one-week, 25-delta put-call skew, which measures the difference in volatility for puts relative to calls, was around 16%. It showed puts outpacing demand by a 16% vol point premium. That’s still notably elevated, though significantly lower than the 25% of 10 days ago, according to data source Velo.

The one-, three-, and six-month skews also show put premiums of around 10% or more. The same is true for ether.

The message is clear. Downside fears persist, keeping demand for insurance against price declines intact even though BTC long-term holders and ETF investors appear to have returned to accumulation.

Besides, some of the largest block flows in options still point to range-bound positions rather than bullish expectations. Consider block flows, trades that are negotiated over the counter and then listed on the exchange. These typically involve institutions and large traders seeking privacy for their transactions.

According to Laevitas, one of the big flows has been a long call condor on BTC. The strategy involved long positions in July 17 expiry calls at the $64,000 and $70,000 strikes and short positions in the same expiry calls at $66,000 and $68,000. This strategy makes the most money if, on July 17, BTC trades between $66,000 and $68,000.

The U.S. markets are closed Friday on account of the Independence Day weekend. Liquidity is likely to be thin during the extended weekend, which may lead to erratic moves. Stay alert!

Read more: For analysis of today's activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk's "Crypto Week Ahead."

What’s trendingSecuritize tokenizes $295 million of its own stock on Solana and Avalanche amid NYSE debut (CoinDesk): Securitize (SECZ), a tokenization specialist backed by BlackRock (BLK) and ARK Invest, began trading on the NYSE Thursday, and brought its own shares to blockchain investors.Finally. $221 million flow into Bitcoin ETFs, ending a painful 10-day outflow streak (CoinDesk): Fidelity’s FBTC led the charge with a $165.96 million inflow, followed by ARKB at $91.84 million and HODL at $4.35 million. BlackRock’s IBIT was the outlier with a $40.43 million outflow.World shares rally after Dow hits a record, as some AI shares bounce back (AP): Shares advanced Friday in Europe and Asia after the Dow Jones Industrial Average set another record, as some key AI-related stocks rose while others extended losses. U.S. markets will be closed Friday for the Independence Day holiday.Oil prices stable as US-Iran peace efforts hold (Reuters): Oil prices were steady on Friday as traders held on to hopes that attempts to ​secure peace in the Middle East between the U.S. and Iran would succeed. Brent futures stood at $71.97 and West Texas Intermediate, $68.71.Today’s signalETH/BTC ratio. (TradingView)The ether-bitcoin (ETH/BTC) ratio is rising again and fast approaching its 100-day simple moving average (SMA).

Here's why that average matters. Since December, the ratio's recovery rallies have run into strong selling pressure around that level. The yellow boxes on the chart show that.

So, as the ratio approaches that average, it's worth paying attention to whether it manages to establish a foothold above the key level. If it does, that could be the strongest signal yet of a bottom and bullish turnaround in ether relative to bitcoin.

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Building the Zcash Machine: Tachyon and Quantum Readiness

Building the Zcash Machine: Tachyon and Quantum Readiness

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Jun 30, 2026

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.

Why it matters:

Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.