Bitcoin price confirms rounding top breakdown, risks drop below $50K

Strategy CEO Phong Le said the company’s recent sale of 32 Bitcoin was not driven by liquidity needs, but by a deliberate effort to show the market that the firm can sell BTC when necessary and to test its internal execution process. The comments came after Strategy bought more than 1,500 BTC roughly a week […]

The surge in Bitcoin options open interest signals a shift towards risk management and hedging, reflecting broader market maturity and institutionalization. The post Bitcoin options open interest surges 10x to $60B as call share drops to 60% appeared first on Crypto Briefing.

Bitcoin’s investor sentiment is in ruins, but buried inside the wreckage, a technical signal that has appeared only at the most consequential turning points in Bitcoin’s history has just fired again. This technical argument, which is built around Bitcoin’s Relative Strength Index, is because the indicator has fallen to its lowest daily reading in four years, a level last seen near the 2022 bottom before BTC began its climb from $15,500 to $70,000. Bitcoin’s RSI Is Back In A Rare Bottom Zone The Relative Strength Index is among the most used momentum indicators, measuring the speed and magnitude of price movements on a scale from 0 to 100. Readings below 30 indicate oversold conditions. At its lowest point during the recent selloff over the weekend, the daily RSI fell to as low as 21.8, and the reading is still around the mid-20s at the time of writing. Related Reading: Crypto Analyst Gives Timeframe For When The Bitcoin Price Will Hit $200,000 That places this reading among the lowest

Chiliz has introduced a World Cup campaign that will remove up to 10% of treasury-held Fan Tokens per match victory as participating national teams progress through the tournament. According to a June 11 press release shared with crypto.news, the new…

The debate highlights the need for transparent metrics in valuing Bitcoin-focused firms, impacting investor trust and market strategies. The post Michael Saylor defends Strategy’s Bitcoin reporting metrics against Jack Mallers appeared first on Crypto Briefing.

ABTC's inclusion in Fortune's Crypto 100 highlights the growing legitimacy and potential risks of strategic Bitcoin reserves in corporate finance. The post American Bitcoin Corp. lands spot on Fortune’s first-ever Crypto 100 list appeared first on Crypto Briefing.

The warning echoes the IMF's concerns over crypto adoption, including previous clashes with El Salvador over Bitcoin accumulation.

The SpaceX IPO (Initial Public Offering) has quickly become one of the most talked-about developments in the financial markets, and Bitcoin is not left out of the conversation. As the market gets ready to usher in what is expected to be a new beginning, the conversation has revolved around what this would mean for Bitcoin […]