Bitcoin’s $60K breakdown sets up a volatility shock as traders load up on downside hedges

Bitcoin’s $60K breakdown sets up a volatility shock as traders load up on downside hedges
Bitcoin’s break below the $60,000 area has pushed digital asset markets into a more defensive phase, ending months of narrow trading and exposing a market structure that traders say could amplify the next major move. CryptoSlate’s data show the largest cryptocurrency had been moving sideways since February, when it first tested the $60,000 area. That long … Read more

MSTR jumps after Strategy says it may sell more Bitcoin to fund dividends and buybacks

MSTR jumps after Strategy says it may sell more Bitcoin to fund dividends and buybacks
Strategy (formerly MicroStrategy) shares rose Monday after the Bitcoin holder moved to reassure investors that it can meet its preferred stock obligations, authorizing up to $2 billion in buybacks and opening the door to Bitcoin sales that could fund dividends, interest payments, and repurchases. The company, led by Executive Chairman Michael Saylor, announced a new … Read more

What states can still do to crypto after GENIUS and CLARITY

What states can still do to crypto after GENIUS and CLARITY
Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or custody service an exchange runs for an Illinois resident, and it takes effect January 1, 2027. Governor JB Pritzker signed the Digital Asset Tax Act in mid-June, tucked inside a $55.9 billion budget. … Read more

Why a collapse in $1 trillion AI spending boom could hit Bitcoin traders first

Why a collapse in $1 trillion AI spending boom could hit Bitcoin traders first
Over the past year, the artificial intelligence trade has become one of the main pillars supporting global risk appetite. However, the Bank for International Settlements (BIS) is now warning that the same spending boom could become a source of financial stress if expected returns fail to arrive. The Basel-based organization, which advises central banks, said … Read more

Aave rally makes DeFi lending look more like a bank to investors

Aave rally makes DeFi lending look more like a bank to investors
Aave’s latest market move is becoming a referendum on how investors value DeFi lending as its economics begin to resemble those of financial infrastructure. The token rallied as AAVE traded around $94.32 on June 27, up 13.16% over 24 hours. At the same time, a reported Standard Chartered bull case described Aave in automated-bank terms, … Read more

Bitcoin just slipped below the bear-market line traders cannot ignore

Bitcoin just slipped below the bear-market line traders cannot ignore
Bitcoin’s move below the 200-week moving-average area has turned a familiar cycle marker into a live demand test. On Sunday, June 28, BTC traded at $60,238, down 6.1% over the past 7 days and 18% over the past 30 days. That left the spot below the 200-week weighted moving average, tracked by Newhedge at $62,383, after three … Read more