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Bitcoin is trading near $64,000, roughly mid-channel in the $57,000-$77,000 range that has defined the market since the Strait of Hormuz shock. Can-Luca Köymen, investment strategist at Sygnum, called the current setup a catalyst-light regime in a note: “Absent a decisive catalyst the path of least resistance is range-trading driven by positioning and flows rather … Read more

Stablecoin flows have crossed from crypto liquidity into the market map central banks use to track dollar funding. The Bank for International Settlements, in its June 23 Annual Economic Report chapter on innovation beyond stablecoins, argued that private dollar tokens still fall short of the core tests of money. The same official-sector push now sits alongside a working paper … Read more

Bitcoin registered an intraday low of $58,189 on June 25 before clawing back toward $60,100 as of press time, even as the Federal Reserve’s preferred inflation gauge landed roughly in line with expectations. The May PCE print came in at a headline of 4.1% year over year and a core of 3.4%, with a monthly … Read more

Stablecoins have moved from a crypto-policy-side market to Kevin Warsh’s Federal Reserve’s dollar-policy agenda. Fed Governor Christopher Waller used the central bank’s June 22 dollar conference to frame digital assets, including stablecoins, as part of the research agenda around the dollar’s international role. The remarks were a research signal rather than a new stablecoin policy. … Read more

Last night, Bitcoin price was trading at $59,537, down through the $60,000 level that had been the market’s line in the sand and nearly $18,000 below its late-May peak of $77,623. Glassnode’s on-chain data frames the move as a demand failure, with spot markets leading the selling, ETF investors pulling capital across six consecutive weeks … Read more

Arthur Hayes outlined a path to $1 million Bitcoin price built around AI absorbing liquidity, the buildout collapsing under debt, authorities printing, and capital rotating into crypto. Hayes made the argument on Bankless, saying that AI became the dominant capital sink, and his Substack essay noted that roughly $1.5 trillion in AI-related debt was issued … Read more

Bitcoin price faces back-to-back tests this week, with May PCE coming out on Thursday at 8:30 a.m. EDT and more than $10 billion in Bitcoin options settling on Deribit at 08:00 UTC Friday in the quarterly expiry that closes the second quarter. Bitcoin is trading near $62,500 after a rough June that briefly pushed it … Read more