Bitcoin Drops as Michael Saylor Sells Holdings
Michael Saylor revealed @MicroStrategy sold 32 BTC for $2.5M as part of its credit model, despite promoting a “never sell” strategy; aims to buy more BTC than sold. #Update #Crypto $BTC
Bitcoin
Bitcoin ETF Launches with 10% Yield
BlackRock launches a Bitcoin ETF offering double-digit yields by selling call options, competing with Goldman Sachs’ similar product. #Update #Crypto $BTC
Bitcoin Surges to $66K Amid Trump Iran Deal
Bitcoin surged to $65,881 as President Trump announced a peace deal with Iran, reopening the Strait of Hormuz and lifting the US naval blockade. #Update #Crypto $BTC
Bitcoin Sell-Off Resumes as Japan Hikes Rates
Bitcoin ($BTC) risks a drop towards $60K after the Bank of Japan raised interest rates to 1.0%, historically leading to average declines of 5.74% in the month post-hike. #Update #Crypto $BTC
Bitcoin DeFi Demand Plummets as Botanix Closes
@Botanix is winding down after four years, urging users to withdraw assets by July 9 due to weak demand for Bitcoin DeFi. The project failed to find sustainable product-market fit. #Update #Crypto $BTC
Bitcoin Bottoms Near $60K Says Coinbase CEO
Brian Armstrong, CEO of @Coinbase, expresses long-term optimism for $BTC, calling it “digital gold” and suggesting a local bottom near $60K; mixed reactions from the crypto community ensue. #Update #Crypto $BTC
Bitcoin Eyes $69K Rebound as Oil Plummets
Bitcoin ($BTC) targets $69,000 as US-Iran peace deal boosts risk assets; whales establish a solid floor near $60,000, while oil prices drop below $80. #Update #Crypto $BTC
Bitcoin HYPE Hits All-Time High
Hyperliquid’s $HYPE hits ATH at $76.50, driven by SpaceX SPCX volume surge; @MicroStrategy buys 1,587 $BTC for $100M. #Update #Crypto $HYPE
Bitcoin Income Fund Launches with Cash Flow
@BlackRock launches a new bitcoin income fund as $BTC struggles at $67K, down 23% YTD. The fund targets income-focused investors and those seeking cash flow from crypto holdings. #Update #Crypto $BTC
Bitcoin Acquires 1587 BTC for $100M
@MicroStrategy added 1,587 $BTC for $100M, lowering its average cost basis to $75,656. The firm now holds 846,842 $BTC valued at approximately $56.1B. #Update #Crypto $BTC
Bitcoin ETF Launches for Institutional Volatility Profits
@BlackRock’s new bitcoin ETF employs a covered-call strategy, targeting a 15% annual yield while limiting gains. Bitcoin’s volatility is decreasing, impacting market dynamics. $BTC #Update #Crypto
Bitcoin Faces Price Rejection Near $67K
Bitcoin ($BTC) approaches $67,000 as US-Iran peace deal boosts risk assets; traders eye liquidity pockets, with demand recovering post-$60,000. #Update #Crypto $BTC
Bitcoin Doesn’t Need Ethereum-Style Yield
Michael Saylor argues Bitcoin ($BTC) should remain “pure digital capital” without staking or yield mechanisms, promoting a “Digital Asset Stack” for financial products built around it. #Update #Crypto $BTC
Bitcoin Rallies After Japan Rate Hike
$BTC rose to $66,644.43 after Japan’s interest rate hike, while $XLM, $INJ, and $UNI gained 13-16%. $SIREN fell 21%, losing 77% this month. Trading volume surged 51% to $207B. #Update #Crypto $BTC