Bitcoin 🖤 slipped below 62000 a few times during last week’s trading frenzy, stirred by strategy’s massive selloff and fresh middle east tensions. Recovery kicked in strongly by the weekend though, letting it hover sideways near 64000 ₿.
Monday opened with another sharp plunge under that threshold as markets digested weekend strikes involving the us and iran. Bulls defended fiercely and held the line despite the chaos 💀.
All attention locked onto the us cpi release for june on tuesday. Experts forecasted a slide from may’s 4.2% peak down to 3.8-3.9% yet the print came in even cooler at 3.5% 🕸️.
Bitcoin spiked right away on the softer inflation vibe, shooting to 64000 within hours and touching 65500 by wednesday, its loftiest mark in nearly three weeks 🌙.
The climb stalled there as gradual selling nudged it down to 62400 earlier today. A rebound of roughly 1000 has followed since, though weekly losses still exceed 2%. Altcoins suffered deeper wounds overall with hype at the forefront of the slide 🔥.
Hyperliquid’s token tumbled more than 12% from last friday while sol shed 6.5% and ada fell nearly 6%. On the brighter side ondo surged almost 12% and zec gained 3.7% 👁️.
Market Snapshot 🦇
Market Cap: 2.254T | 24H Vol: 61B | BTC Dominance: 56.5%
BTC: 63210 (-2.45%) | ETH: 1825 (+0.74%) | XRP: 1.08 (-3.2%)
Trump’s Iran Play Could Hit Bitcoin Again 💀
Fresh reports surfaced outlining wider strikes than before, piling fresh pressure on risk assets like btc after the ceasefire crumbled.
Crypto.com Grabs 400M Citadel Backing as CRO Spikes 🖤
The exchange’s inaugural institutional round triggered an instant 25% token jump that faded back to flat just as quickly.
XRP Hit 3.65 Exactly One Year Ago What Happened ₿
The asset has lost 70% since that peak yet the team behind it keeps pushing major developments anyway.
Base Lead Steps Down After Social Focus Flop 🌙
Jesse Pollak admitted the network leaned too hard into social features and exited his post as a result.
Peter Schiff Warns Holders Will Regret Holding Now 🕸️
The longtime critic used the moment to push selling at current levels before regret sets in.
Strategy Quietly Adds 450M to USD Reserves Without Selling 🔥
After prior week’s moves the firm simply boosted cash holdings and stayed silent on any bitcoin action.
Just another echo from the void by iconofsin.eth 💖
