Price: $66,132 | Last Year: $26,841
"Everyone is against Bitcoin before they are for it." - Michael Saylor, 21 Rules for Bitcoin
Bitcoin price rebound may hit in 10 days as Fed liquidity ‘rips higher.’ Bitcoin price behavior — including its run to all-time highs in March — is displaying an uncanny correlation to Fed liquidity. Bitcoin short sellers are probably crossing their fingers in hopes the asset won’t return to $70,000 in the near term, with a huge amount of liquidations at risk if it does. Bitcoin’s days below $70K are numbered as traders cite BTC’s swing low as the bottom. A bullish chart pattern has bulls setting $72,000 as the new Bitcoin price target.
BTFD: MicroStrategy, the company that owns the most Bitcoin in the world, purchased 11,931 more BTC. The value of the BTCs in question is around 786 million dollars.
The first Bitcoin exchange-traded fund (ETF) approved for Australia’s leading stock exchange, the Australian Securities Exchange, closed its first day of trading with $1.3 million (1.9 million Australian dollars) in trading volume.
Bitcoin miner reserves drop to lowest in 14 years. Bitcoin miners will need to capitulate before BTC can take off on a new rally, according to the popular on-chain analyst Willy Woo.
WARNING: Please educate senior citizens around you to never use a Bitcoin ATM. (Cointelegraph)
Javier Milei advocates Bitcoin use and free currency competition in Argentina and Milei's vision mirrors El Salvador’s Bitcoin adoption but focuses on local needs; despite criticism, he remains committed to integrating crypto into the economy.
David Ripley, CEO of Kraken Digital Asset Exchange, appeared on CNBC’s “Squawk Box” to discuss the state of the cryptocurrency market, Kraken’s regulatory battles with the U.S. SEC, and the overall regulatory outlook for the industry.
Podcast of the Day: Chat_101 - The Bitcoin Civil War is Over! with Guy Swann [Anarchast]
OTHER NEWS
Ethereum kept its ground above $3,500 as open interest drops—a sign that traders don't expect wild swings in either direction. Ethereum options data highlights bears’ plan to keep ETH price under $3.6K as $4 billion worth of Ethereum options are set to expire on June 28, with the balance of forces centered around $3,500.
The number of Ethereum (ETH) holders continues to rise despite the top altcoin’s declining price, according to the analytics platform Santiment AG. CryptoQuant CEO Ki Young Ju noted that while Ethereum’s MVRV is rising quickly, onchain activity levels suggest it may not be overvalued. The head of digital assets research at VanEck , Matthew Sigel, recovering CFA, is outlining how Ethereum ($ETH) could reach a price of $154,000, which the asset manager set as the bull case target in a report released weeks ago.
The jury is still out on Vitalik’s account abstraction proposal as EIP-7702 was quickly adopted for the next Ethereum upgrade, but developers haven’t quite locked it down.
Stablecoins could account for 10% of “global economic money” over the next ten years or more, according to stablecoin issuer Circle CEO Jeremy Allaire. However, a Nonprofit criticized Tether in multimillion-dollar ad campaign; Consumers’ Protection will bring negative aspects of Tether to consumer attention with billboards and TV ads.
The Kraken Digital Asset Exchange - CertiK saga has taken another turn. Security firm CertiK claims it carried out a white hat operation on specific Kraken accounts not belonging to customers, draining nearly $3 million, according to Kraken which is planning to take legal action against security firm CertiK.
