Bitcoin price has erased losses triggered by a hotter-than-expected U.S. inflation report, rising above $63,000 after Donald Trump unveiled details of a potential peace deal involving Iran.
Corporate jargon can only do so much to mask financial distress. Nakamoto Inc. (Nasdaq: NAKA), a prominent Bitcoin operating company and the parent firm behind Bitcoin Magazine and the global Bitcoin Conference series, announced a major balance sheet restructuring.
A crypto analyst has stated that the Bitcoin price remains firmly in a bear market, projecting more volatility and pain ahead for the world's largest cryptocurrency. The expert also noted that BTC has entered the final phase of this bearish stage, a period where the market is expected to reach its lowest levels alongside extreme Fear, Uncertainty, and Doubt (FUD).
Despite major macroeconomic and geopolitical headwinds, bitcoin stabilized above $62,500, and global stock indexes closed marginally higher. Following a Truth Social post from President Trump, bitcoin reclaimed the $63,000 zone. Wholesale Inflation Surges Past Forecasts Bitcoin traded sideways Thursday, shaking off escalating Middle East tensions and a hotter-than-expected producer price index.
Glassnode's weekly on-chain report shows over 95% of short-term Bitcoin (CRYPTO: BTC) holders are underwater, with May buyers down 17% to 19% and no meaningful demand response yet from institutions or corporate treasuries. Recent Buyers Are Deeply Underwater With No Meaningful Bounce Yet Glassnode's Short-Term Holder MVRV, which tracks how much recent buyers are up or down on average, printed 0.81 at its low before recovering slightly to 0.83.
Prominent crypto analyst Capo remains bullish on Bitcoin (CRYPTO: BTC), arguing that current market conditions resemble an accumulation phase rather than the start of a deeper collapse. "This Is Not Time To Sell, But To Buy" In a June 11 market update, Capo acknowledged that his bullish thesis has not played out yet but maintained that his broader outlook remains unchanged.
Blackrock has filed another amendment for its Ishares Bitcoin Premium Income ETF, revealing a 0.65% sponsor fee. The proposed fund would use covered call strategies on IBIT shares and related ETP indexes to generate income for investors.
Bitwise CIO Matt Hougan says financial advisors remain interested in crypto, with stablecoins and tokenization now drawing more attention than Bitcoin. Bitwise CIO says advisors are looking beyond Bitcoin for the next crypto cycle.
Authorities are seeking extradition to the U.S. of two arrested individuals for allegedly laundering $389 million in Bitcoin.
Bitcoin's role as a liquidity indicator highlights systemic vulnerabilities, urging investors to prioritize macroeconomic signals over crypto trends. Jack Mallers links Bitcoin pricing to global liquidity crisis.
Trump's Iran warning and 6.5% PPI put oil, bitcoin, and equities on alert as traders weigh inflation. Trump's new warning on Iran and a hotter 6.5% producer inflation print gave bitcoin traders a fresh macro test Thursday, with oil, stocks, and crypto all caught between geopolitical risk and rate-cut anxiety.
Musk's acknowledgment of Szabo's influence on Bitcoin's ideas fuels ongoing debates about crypto origins, impacting market narratives and investor sentiment. Elon Musk credits Nick Szabo for Bitcoin's foundational ideas.