BTC closed Tuesday at $65,086, up 4.4%, after the softest U.S. inflation print since 2020 shifted macro expectations. Spot Bitcoin ETFs lost $424.7 million on July 13, then took in $181.1 million on July 14, making sustained flows the key test.
The cryptocurrency market traded in a mixed range on Wednesday UTC, with Bitcoin (BTC) and Ethereum (ETH) posting modest gains while most major altcoins edged lower—an uneven setup that suggests traders are reluctant to take aggressive directional bets. According to TokenPostMarket pricing data, Bitcoin rose 0.62% over the past 24 hours to $64,925.47.
After being stuck in a broad downtrend for the majority of the year, Bitcoin is beginning to show signs of recovery. The asset is currently trying to create support around the $65,000 mark after rising back above its 26-day EMA at $63,400.
Economist and longtime Bitcoin critic Peter Schiff has renewed his bearish outlook on Bitcoin (BTC), arguing that Strategy (formerly MicroStrategy) is trapped by its massive cryptocurrency holdings and warning that investors who continue holding BTC could face significant losses. During his latest podcast, Schiff criticized Strategys decision to raise $450 million through a common stock offering instead of using part of its Bitcoin reserves.
BlackRock CEO Larry Fink said he is no longer concerned about excessive leverage in the Bitcoin market, arguing that the cryptocurrency has become significantly more stable after speculative positions were largely eliminated. Speaking to CNBC on Wednesday, Fink explained that leverage had been one of his biggest concerns regarding Bitcoin and the broader crypto market.
Strategy's shift from Bitcoin accumulation to potential sales may redefine corporate crypto strategies, emphasizing shareholder value over maximalism. Strategy CEO Phong Le addresses equity volatility concerns, signals willingness to sell Bitcoin.
A new academic study has found that Polymarket's five-minute Bitcoin prediction contracts have created incentives for sophisticated traders to manipulate spot prices and profit at the expense of ordinary participants.
Crypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days it is infrastructure.
Strategy Inc.'s unwavering Bitcoin commitment highlights potential market volatility and financial strategy risks amid fluctuating cryptocurrency values. Strategy CEO affirms commitment to Bitcoin despite debt concerns.
Strategy would begin considering risks associated with its debt only if bitcoin falls to around $8,000-$10,000, CEO Phong Le said.
BlackRock CEO Larry Fink says he is no longer concerned about excessive leverage in the Bitcoin market.
Researchers found that Polymarket's five-minute Bitcoin prediction markets create incentives to manipulate spot prices around contract settlement, proposing longer settlement windows as a potential fix.