A Chinese court jailed a man for 10 years and nine months after he memorized a seed phrase, stole 107 Bitcoin and took 660,000 yuan in cash.
Bitcoin is holding above $63,000 after rallying on Sunday. The price is now hovering near a key 200-week moving average that often marks major cycle turning points.
Bitcoin's brief weekend rally lost its footing as a sudden resumption of military hostilities between Israel and Iran triggered a broad rotation away from risk-on investments. The geopolitical escalation, which defied explicit diplomatic pressure from Washington, sent global energy benchmarks surging and equity markets lower, leaving BTC to defend a highly fragile $60,000 baseline.
Bernstein analysts said bitcoin's “boring cycle” and $2.6 billion worth of ETF outflows in 2026 do not weaken its store-of-value thesis.
Russia's crypto restrictions may limit retail investor growth and innovation, while reinforcing Bitcoin, Ethereum, and USDT's market dominance. Central Bank of Russia restricts retail investors to Bitcoin, Ethereum, and USDT.
A single whale bought 1,656 BTC worth about $98.9 million almost exactly at this month's local bottom, then booked roughly $3.5 million in paper profit within two days as bitcoin rebounded.
Despite growing optimism that Bitcoin has reached a cycle low, historical cycles suggest another leg down could still be ahead. While rising institutional involvement may reduce the severity of the downturn, a chart shared by a top crypto analyst suggests the cryptocurrency could still be headed for a bottom below $30,000 before a sustained recovery begins.
In the current cycle, Bitcoin has experienced one of its most severe corrections, falling from the $80,000 area to $60,000 and causing a great deal of anxiety in the market.
A New York Supreme Court justice has temporarily frozen legal proceedings involving a controversial attempt to claim ownership of 39,069 inactive Bitcoin addresses. The court order prevents any default judgment from moving forward until a scheduled hearing takes place in mid-July.
Strive Asset Management has backed efforts to remove capital gains taxes on Bitcoin transactions in the U.S., as its CEO says the firm is actively working with policymakers while lawmakers prepare to review digital asset tax rules.
Bitcoin has plunged from $120k to $60k as Middle East geopolitical tensions spike. Explore whether to buy the crypto dip or wait for further downside.
Singapore's tax policy fosters a favorable environment for crypto investors, potentially influencing global regulatory approaches and investment strategies. Singapore's 0% capital gains tax on crypto makes it a magnet for Bitcoin investors.