A New York judge has halted proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, delaying any attempt to secure a default judgment before a July 14 court hearing.
Over the weekend, the Bitcoin price suffered a major crash, moving below $60,000 for the first time in this cycle. In contrast, there has been some recovery, with the price moving above $62,000 on Sunday, as investors moved back into the market.
Traders betting against bitcoin lost $504 million over 24 hours as it bounced from below $60,000, though a fresh Iran-Israel flare-up pulled prices back on Monday.
Michael Saylor has not finished confusing the crypto market. A few days after the exceptional sale of 32 BTC by Strategy, a first in several years, the company's co-founder rekindled speculation with an enigmatic message published on X.
Hunter Biden declared his commitment to blockchain-based art and Bitcoin (CRYPTO: BTC) on Saturday, while praising fellow artist Mike Winkelmann, better known as Beeple. Hunter Biden: The Crypto Messiah?
Fannie Mae and Freddie Mac are preparing to count your crypto as a mortgage asset without making you sell it. What the order means for homebuyers.
BTC has pulled back from overnight highs as escalating geopolitical tensions weigh over risk sentiment and send oil price higher.
Bitcoin's drop signals a shift in market sentiment, potentially undermining confidence in crypto as a stable investment amid economic shifts. Bitcoin drops below $60,000 for first time since 2024 election.
Bitcoin (BTC) is flashing a potentially unstable setup: as the price slid toward the low-$60,000s, bearish traders piled into leveraged shorts—creating what derivatives data suggests could become a $2.6 billion 'short squeeze' trigger if BTC reclaims the mid-$60,000 range. The latest leg down accelerated late last week.
Presto's Min Jung told The Block that KOSPI's crash may have had some impact on bitcoin's recovery, but not substantially.
Here's why the current drawdown in the market should not scare away crypto investors.
Strategy's bitcoin buying model is facing new scrutiny after Grayscale warned that current share prices could limit future accumulation. The concern followed a bitcoin sale, STRC dividend pressure, and questions over whether Strategy can keep funding purchases without stronger investor demand.