After a judge halted a default judgment Friday in the New York Supreme Court case Noah Doe v. John Does 1-39,069, several onchain wallets linked to the litigation have sprung into motion. On Sunday, Galaxy Research identified a wallet dormant since 2019 that transferred 1,878.5711 BTC, valued at $114.
STRC dropped below $100, breaking Michael Saylor's $100-per-Bitcoin strategy.
Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone.
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier cryptocurrency might not be down for long, with a bullish reversal seemingly on the cards.
The extreme funding rates on OKX could trigger a market shift, forcing shorts to capitulate or risk significant losses, impacting broader crypto sentiment. OKX BTC perp funding hits -453%, shorts face brutal daily bleed.
Cryptocurrency prices moved broadly higher early Sunday ET, with Bitcoin (BTC) pushing above $61,800 and Ethereum (ETH) outperforming as the market leaned into a modest ‘risk-on' rotation. The gains signaled improving sentiment across majors and large-cap altcoins, even as overall trading activity cooled—raising questions about how durable the bounce will be.
Justice King stays proceedings on suit claiming 39,069 dormant wallets worth $234B in bitcoin
Coinglass data shows $26B in short liquidation leverage dwarfing longs as Bitcoin holds near $62,000.
Bitcoin dropped below $60,000 last week, its lowest price in two years. And against this backdrop, another downturn is happening across the larger cryptocurrency market, Bloomberg News reported Sunday (June 7), wiping out billions of dollars.
With bitcoin prices sliding to levels not witnessed since February, the network's hashrate has undergone a steep contraction, with 145 exahash per second (EH/s) exiting the system since the close of May.
A New York judge has temporarily halted a controversial lawsuit seeking ownership of thousands of dormant Bitcoin wallets containing an estimated 3.8 million BTC, currently valued at approximately $235 billion. The decision delays any immediate legal victory for the anonymous plaintiffs and sets the stage for a court hearing scheduled for July 14.
Peter Schiff, a well-known gold advocate and financial commentator, has once again criticized the cryptocurrency community, labeling Bitcoin investors a cult following the results of a recent social media poll. The survey, which ended on June 6, 2026, highlighted the strong conviction many Bitcoin supporters maintain despite ongoing criticism from long-time skeptics.