On-chain data suggests Bitcoin's selling pressure is easing, with cooling holder losses hinting at a potential higher low forming. However, sluggish spot demand continues to weigh on the market, leaving the asset unable to reclaim its first major recovery threshold near $69,000. Analysts note that without
China's latest economic data reveals a growing imbalance between robust exports and sluggish domestic consumption. The country posted a $125.6 billion trade surplus in June, driven largely by strong overseas demand for higher-value industrial goods. Meanwhile, second-quarter GDP growth figures held up on paper, but
The Office of the Comptroller of the Currency granted Circle final approval on July 10 to operate a national trust bank under federal supervision, integrating the issuer of the USDC stablecoin more deeply into the US financial system. Circle described the approval as a significant milestone for USDC, giving the
Bitcoin heads into the weekend trading between roughly $62,500 and $64,300, with the intraday low emerging as the market's most immediate technical threshold. Analysts view the defense of $62,500 as a key test of whether Bitcoin can maintain its footing while the broader market weakens.
Analytics firm CryptoQuant argues that Michael Saylor's Strategy, one of the largest corporate holders of bitcoin, would benefit from formalized guidelines governing its accumulation and potential sales. Strategy, formerly known as MicroStrategy, has aggressively acquired bitcoin as a core treasury asset, often funding purchases through debt and equity
Wall Street trading giant Citadel has committed $600 million across two competing crypto exchanges, Crypto.com and Kraken, as both firms push into tokenized markets that bridge traditional finance and digital assets. The investment underscores growing institutional interest in tokenization, a fast-emerging sector where real-world financial instruments are
The latest distribution continues FTX's ongoing effort to repay those affected by the exchange's 2022 collapse, one of the largest failures in crypto history. FTX's bankruptcy estate plans to distribute roughly $900 million to creditors and other claimants in its fifth wave of payouts.