Category: News

Bitcoin dipped on Friday like clockwork yet clawed back fast and now stares down 64000 once more 🖤. Most bigger altcoins idled sideways daily while Eth Xrp and Sol inched up slightly with Ada claiming the biggest lift from that pack 🌙.

Btc Snaps Back Aiming At 64K 🦇

The week kicked off with the usual plunge for the top coin sliding from near 64000 down below 62000 on Middle East tensions 🕷️. No fresh buys or sells from strategy left things calm while eyes fixed on Tuesday’s US CPI print. Inflation landed cooler than the 3.8 to 3.9 percent guesses at just 3.5 percent so price shot from that low straight to a three week high of 65500 by Wednesday before rejection hit 💀. The same Friday drop pattern repeated with a few grand shaved off yet bulls stepped in at 62400 and halted further slides. Instead it bounced to 64400 earlier today and now battles for 64000 amid chatter of big volatility ahead 🩸. Market cap stays over 1280 trillion while dominance lingers at 56.5 percent.

Pi And Cro Stir While Others Linger 🕯️

Larger alts mostly hold steady today with Eth Xrp Sol Hype Doge Zec and Xlm showing tiny greens whereas Bnb Trx and Rain posted minor dips. Ada’s token climbed past 4.5 percent now trading above 0.165. Cro extends its run after that fresh 400 million dollar funding and sits over 5 percent higher 🕸️. Pi network keeps swinging wild after fresh all time lows this week yet it rebounded off the 0.07 support and now sits above 0.08 following an 8 percent daily gain 💉. Total crypto market cap added around 30 billion overnight and stands above 2.270 trillion.

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin’s slide to around $57,700 at the end of June may have wrapped up the nastiest stretch of its 2026 bear market per BIT’s fresh update from July 17 🖤. After nailing much of BTC’s drop in recent months the crypto investment firm now urges traders to check if that low closed the correction or just paused before more downside.

The Roadmap’s Sinister Turns Unfold 🌙

BIT’s newest report expands on its June 12 research which showed Bitcoin slipping into the final bear market phase. Back then the firm mapped an Elliott Wave A-B-C correction from October 2025 with an early plunge into the $60,000 to $69,000 zone a bounce toward $80,000 to $90,000 and a closing Wave C slide during the 2026 FIFA World Cup ending July 19 🔮. That path has held up well with BTC tumbling from near $97,000 to $62,900 in February then recovering to roughly $82,000 in May as a counter-trend rally inside the bear market. It slid again hitting $57,700 by end of June under geopolitical strains and shifting US policy views on risk assets.

Dissenting Voices Whisper Doubt 💀

In the July 17 update BIT admitted underplaying US-Iran conflict effects that lifted inflation plus the new Federal Reserve chair Kevin Warsh’s hawkish tone yet the overall structure aligned closely with earlier projections. Prior analysis flagged technical clues for a potential bottom such as crushed sentiment and oversold stochastic levels with BTC well under its weekly moving average. Now focus shifts to the 21-week moving average as a key signal for confirming a longer-term uptrend 🕸️. Not all charts agree a bottom is forming though. CryptoQuant contributor IT Tech noted in a post titled “You really think the bottom is already in?” that spot Bitcoin ETF flows a major rally driver lately have faded sharply in 2026 🦇. Cumulative net inflows topped 500,000 BTC in 2024 and about 250,000 BTC in 2025 but 2026 shows roughly 120,000 BTC outflows prompting the question if ETF demand fueled the prior rise how can sentiment stay bullish now that demand flipped ✨. The analyst sees headwinds ahead not tailwinds. Earlier this week Bitcoin climbed above the $65,000 mark after June US CPI data missed expectations yet sellers erased those gains and at writing the asset hovers near $63,000 down almost 3% in 24 hours and about 2% over one week while sitting over 50% from its all-time high 👁️.

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Just another echo from the void by iconofsin.eth 💖

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ZachXBT stirred quite the storm with his bold Telegram claim that hardware wallets are total trash for serious crypto moves. 🕷️ According to the on-chain sleuth folks juggling massive sums should consider a dedicated spare iPhone instead for signing in.

ZachXBT Exposes Hardware Wallet Nightmares 🌑

His message hit hard: “Hot take: All hardware wallets are complete garbage and I do not advise using them for important tasks like signing transactions or storing funds,” he declared. He went on saying a lone iPhone as your wallet beats any hardware around while slamming Ledger hard. “Ledger is the worst and Ledger Live has regular updates for UI/apps for no good reason that break simple actions,” ZachXBT pointed out. 📱 Back on X he dropped details outlining the headaches like dead batteries forced updates UI shifts and bugs blocking multisig signs during urgent big trades.

https://x.com/zachxbt/status/2077964519012258177

Soon replies flooded in from researchers and devs. Axel Bitblaze nodded at the hardware gripes but worried a phone creates one failure point pushing for 2-of-3 multisig setups instead.

https://x.com/Axel_bitblaze69/status/2077518810236830181

Tornado Cash founder Roman Storm backed the concept yet noted mobile lacks BIP39 passphrase support urging devs to add it for better self-custody. 🦇

https://x.com/rstormsf/status/2077607565383663786

Trezor countered that phones with full OS have more attack surfaces while hardware keeps keys isolated.

https://x.com/Trezor/status/2078052139356561795

Keystone saw merit in the isolated phone idea but stressed purpose devices suit most better due to user habits.

https://x.com/KeystoneWallet/status/2077724941206831193

Ledger Holds Its Ground 💀

Ledger stayed quiet on the direct callout but posted that their model keeps keys off connected devices. “A private key that never touches the internet can’t be phished deepfaked or prompt-injected out of existence. That’s the whole bet on hardware.”

https://x.com/Ledger/status/2077866361074643406

Still even these can fall to social engineering as seen when one user lost 282 million dollars in BTC and LTC earlier this year. 🖤

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Just another echo from the void by iconofsin.eth 💖

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Bitcoin clawed back most of its daily losses after tapping 62400 and now sits above 64000 again. 🖤 The rebound feels extra intriguing after those gloomy risk asset headlines dropped.
The first flagged rising threats on the US Israel Iran front while the second zeroed in on ballooning US margin debt.

Key Warning Signs 🌑

Tensions in the Middle East flared weeks ago once the US and Iran shattered their ceasefire with new strikes. 🦇 Silence on any peace talks has lingered since. Fresh details emerged on Trump’s attack approach and Axios broke down the next moves in their report here.
The administration signaled dozens more refueling planes heading to Israel ahead of a possible massive offense against Iran. 💀 Potential targets include vital infrastructure such as power plants and nuclear facilities.
The order for escalation looks set to land in coming days. Oil prices jumped over 20 percent since the conflict reignited 🔮
Separately margin debt climbed another 86 billion in June to a fresh record of 1.5 trillion marking the third straight monthly rise.

Analysts noted investors have never been this leveraged with the total now near 1.4 percent of the S&P market cap close to the 2018 high and well past the 2000 bubble level.

Bitcoin Fights Back 🕸️

Bitcoin tends to slide on similar escalations yet the last few hours flipped the script with a quick recovery from the 62400 low adding nearly 2000. 📉 It still sits under the recent 65600 peak after June CPI. The market remains fragile and prolonged Middle East flare ups probably won’t deliver lasting upside.

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Just another echo from the void by iconofsin.eth 💖

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