Millions of Bitcoin are underwater as experts say the 'scale of market reset' signals capitulation, but long-term opportunities remain.
The U.S. consumer price index for May is due to hit the wires at 8:30 a.m. ET. The figure is expected to show the cost of living in the world's largest economy rose 4.2% year-on-year, a three-year high, following April's 3.8% reading, according to Reuters.
Maelstrom, the family office of BitMEX co-founder Arthur Hayes, has published its first annual report for its Bitcoin Grant Program — revealing that four active developers have collectively advanced Bitcoin's privacy, security, and codebase resilience across a 20-month program that began in October 2024, with five developers supported in total since inception.
CryptoQuant data flags $16B in short-term whale losses amid rising Binance exchange inflows.
Bitcoin price has fallen below $61,000 on June 10 as traders cut risk exposure ahead of the latest U.S.
Just over half of all the Bitcoin in circulation today is now underwater, according to data from CryptoQuant. As of this writing, 51.
Tim Draper, a historic investor known for his sharp predictions on Bitcoin, recently dismissed fears around quantum computing. According to him, traditional banks will fall under quantum blows well before the blockchain.
Botanix Labs has announced the shutdown of its Bitcoin Layer 2 network after reporting 25 million transactions and 200,000 wallets during its year-long mainnet operation. The team said user demand was not sufficient to sustain the network economically.
Bitcoin's roughly 50% drop from its October 2025 peak of $126,080 is its shallowest bear market ever versus 74% to 90% in prior cycles, but analysts at CoinEx, DWF Labs, and B2PRIME say the bottom isn't in.
The shutdown highlights the challenges of sustaining Layer 2 networks without token incentives, impacting future Bitcoin scalability solutions. Botanix to wind down Bitcoin Layer 2 network, urges asset withdrawal by July 9.
The banking arm of Japanese financial giant SBI Holdings is reportedly launching a crypto rewards program for depositors as part of a broader push to expand its digital assets business.
Romain Jerome released the Moon Invader Bitcoin in 2014 — the first officially Bitcoin-themed Swiss luxury watch.