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Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February.  Notably, the heavy market loss has coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million in BTC to manage its balance sheet, despite initial chants of “never sell”. Moreover, the upcoming IPO of Elon Musk’s SpaceX is garnering much momentum as a favorable investment at the moment. Using relevant on-chain data, market analyst Rafael, with the X username n3ocortex, has highlighted a market bottom range amid the current persistent downtrend. Related Reading: Why Did Bitcoin Crash? O...

The incident highlights escalating tensions and the strategic use of cryptocurrency in geopolitical conflicts, impacting global security dynamics.
The post Iran fires warning missiles and drones at US warships as crypto becomes a geopolitical weapon in the Gulf appeared first on Crypto Briefing.

Bitcoin's decline highlights a strategic shift as investors prioritize AI, potentially reshaping asset allocation and market dynamics long-term.
The post Bitcoin faces worst performance in a decade as AI stocks attract investors appeared first on Crypto Briefing.

The apxUSD depeg highlights the risks of stablecoins backed by volatile assets, emphasizing the need for robust collateral management.
The post Apyx Finance’s apxUSD stablecoin slips to 90 cents amid STRC drop appeared first on Crypto Briefing.

SOXL's trading surge highlights speculative trends and risks in leveraged ETFs, impacting retail investors and correlating with crypto markets.
The post 3x semiconductor ETF SOXL surpasses trading volume of Apple and Amazon combined appeared first on Crypto Briefing.

A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption. Senators are challenging a 1,250% risk weight that they argue makes holding BTC prohibitively expensive for regulated banks. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push […]

South Africa's credit upgrade may lower borrowing costs, but persistent economic challenges and inequality could hinder further progress.
The post Fitch Ratings upgrades South Africa’s credit rating for first time in 21 years appeared first on Crypto Briefing.

The coalition's proactive approach could shape future DeFi regulations, impacting investment strategies and legal frameworks in the crypto space.
The post Crypto Council for Innovation launches Vault Coalition to push for regulatory clarity on yield-generating vaults appeared first on Crypto Briefing.