Bitcoin (BTC) Eyes Critical $64,700 Level as Traders Monitor Daily Close

The post Metaplanet Launches Bitcoin, JPYC Backed Digital Credit System In Japan appeared on BitcoinEthereumNews.com. Japanese Bitcoin treasury firm Metaplanet released news of a partnership to create a digital credit system using Bitcoin, JPYC’s stablecoin, and security tokens. For this initiative, Metaplanet Securities, JPYC Inc., and Progmat are collaborating. The initiative is designed to investigate blockchain-based credit products, from digital corporate bonds to credit products in general. Metaplanet Taps Bitcoin & JPYC For Digital Credit Framework According to a July 10 notice, the collaboration will integrate Metaplanet’s financial strategy based on the Bitcoin network with JPYC’s capabilities to settle stablecoins. In addition, Metaplanet said it will leverage Progmat’s security token infrastructure and Metaplanet Securities’ expertise in structuring and distributing financial products. Moreover, the study “spans the digital credit domain broadly, ranging from digital corpora

The post Bitcoin Steadies Near $64K as US-Iran Ceasefire Collapse Rattles Markets appeared on BitcoinEthereumNews.com. Crypto News The 60-day ceasefire between the United States and Iran has effectively collapsed, and Bitcoin (BTC) is absorbing the first wave of the shock. What was presented as a diplomatic breakthrough is now confirmed as a tactical pause over the Strait of Hormuz, not a durable settlement. As of 03:30 UTC, our reading of the tape puts Bitcoin near $64,000, steady but pressured, while risk assets reprice a renewed Middle East conflict. The Islamabad Memorandum of Understanding briefly reopened shipping lanes and reassured traders, yet the core political and military disputes were never resolved. For crypto, the read-across is immediate: liquidity retreats first, and questions follow later. The mechanism behind the sell-off is maritime, not monetary. Traffic through the Strait of Hormuz has crashed since the latest escalation, with no large, traceable transits recorded

The post Chainlink Price Analysis Shows LINK Testing Breakout Setup After Falling Wedge Formation appeared on BitcoinEthereumNews.com. The price of Chainlink (LINK) appears to be stabilizing following its extended downward trend, with technical indicators suggesting a potential trend reversal. The token has been trading within a falling wedge pattern against BTC, a pattern that forms when the token’s price is in a prolonged sell-off and consolidation trend. Notably, after months of lower momentum, LINK is nearing the lower limit of the pattern. The buyers are trying to push the price to defend the current level, and traders are observing whether the token can recover the level and confirm if it is attempting a bigger recovery. LINK Remains Trapped Inside Falling Wedge Pattern Even so, the monthly LINK/BTC chart from analyst Time Freedom shows a falling wedge formation has formed since the recent LINK high. The pattern has seen declining highs and decreasing price action, indicating tha

The post New Hampshire Rejects $100 Million Bitcoin-Backed Bond in 3-2 Vote appeared on BitcoinEthereumNews.com. Bitcoin News New Hampshire has killed a $100 million Bitcoin-backed bond, with the state’s Executive Council voting 3-2 against authorizing what supporters billed as the world’s first such issuance. The council, which reviews major state financial actions, delivered the decision at the proposal’s final approval stage on Wednesday, ending a plan that had already cleared earlier hurdles. State officials had promoted the instrument as a first-in-the-nation bid to attract digital finance to the Granite State. Its collapse marks a notable setback for public-sector Bitcoin adoption, coming just months after the deal secured a formal credit rating and reached the last governmental checkpoint before it could be issued. The bond had earned a Ba2 rating from Moody’s before reaching the council, and it was to be issued by the Business Finance Authority of the State of New Hampshire. St

The post Bitcoin Reclaims $64K After 10% Rebound From Bear-Market Low appeared on BitcoinEthereumNews.com. Bitcoin News Bitcoin (BTC) has clawed back the $60,000 level, rebounding roughly 10% from last week’s bear-market low near $57,700 to trade close to $64,000. The recovery has lifted sentiment across the market, yet on-chain analysts caution that the move looks like a bear-market bounce rather than the start of a fresh uptrend. Our reading of the demand and valuation metrics suggests improving conditions, but the broader structure for Bitcoin remains fragile. For now, the rebound has restored the $60,000 zone as a key support band — a shift traders had waited weeks to see confirmed after a punishing stretch of selling pressure that pushed Bitcoin to its recent floor. Much of the optimism ties to July’s seasonal record. Over the past decade, Bitcoin has closed higher in most Julys, and the effect has proven especially pronounced during bear markets. In 2018 and 2022 — both weak tren

The post Why are Oil prices taking a breather after rallying earlier this week? appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday. The black gold has come under pressure amid signs of de-escalation in the restart of the war between the United States (US) and Iran. Earlier in the day, a US official confirmed that technical talks with Iran continued, despite President Donald Trump declaring that the memorandum of understanding (MoU) with Tehran is over. US President Trump also said late Wednesday that he had a conversation with Iran, adding that the nation wants the deal badly. However, he doesn’t believe that Iran would honor the deal, CNBC reported. Meanwhile, the downside in oil prices will likely remain limited, as the exchange of attacks between the US and Iran are

The post Oil: Brent retraces gains on fragile ceasefire – Rabobank appeared on BitcoinEthereumNews.com. Rabobank strategist Molly Schwartz notes that Brent Oil traffic through the Strait of Hormuz remains constrained despite a nominal ceasefire between the US and Iran. War insurance costs have risen sharply and shipowners are being advised to pause Hormuz voyages. Brent crude briefly traded above $80/bbl before retracing to around $76/bbl as markets stayed optimistic. Hormuz risks and Brent price swings “According to Bloomberg, the Joint Maritime Information Center said that traffic through the Strait remains at “reduced levels,” (around 24% of pre-war transit) even though US-assisted vessel transits have been largely uninhibited.” “Reuters reports that “some war insurers advise shipowners to pause Hormuz voyages after attacks,” adding that “war insurance for ships inside the Gulf has already ticked higher towards 3% of a vessel’s value, up from 2% at the end of last week.” Meanwhile,

The post Polymarket prices BTC above $60K at 99% for July 11 as $64K stays 50-50 appeared on BitcoinEthereumNews.com. Ted Hisokawa Jul 10, 2026 08:09 A live-markets roundup said bitcoin traded just above $63,000, up about 1.6% in 24 hours, as bitcoin ETFs returned to outflows and ether funds kept seeing inflows. Polymarket prices BTC above $60K at 99% for July 11 as $64K stays 50-50 Polymarket’s BTC July 11 Ladder Holds Steady After ETF Outflow Headlines, Keeping the Cutoff Near $64K Polymarket’s Bitcoin price ladder for July 11 is pricing a high likelihood that BTC clears lower strikes, with $339,540 matched and the $52,000 line sitting at 99.95% Yes. The cue for attention is a market-news update pointing to mixed crypto fund flows and bitcoin holding near $63,000, but the ladder shows where traders draw the real cutoff. Key Takeaways Polymarket implies BTC is above $60,000 on July 11 at 99.35% Yes (0.65% No), while $64,000 is essentially a coin flip at 49.5% Yes (50