Bitcoin can fall below $58K if one of its 'cleanest' metrics copies history: Analysis

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. Source: Cointelegraph

Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. Source: Cointelegraph

The Digital Chamber filed an amicus brief urging the dismissal of the New York lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, arguing it would set a dangerous precedent for self-custodial wallets. Source: Cointelegraph

Decta’s report said the market cap of eight MiCA-compliant euro stablecoins rose to $673.9 million in the year before Europe’s CASP transition period ended. Source: Cointelegraph

One crypto trader noted the $2 million loss could have been prevented had the victim read the transaction route before signing the transaction. Source: Cointelegraph

Yield Guild Games said tough crypto and video game market conditions mean its YGG Play business is no longer commercially sustainable. Source: Cointelegraph

“Investors are now more confident about the instrument,” said Grayscale’s Zach Pandl regarding STRC, which reclaimed $90 for the first time in three weeks. Source: Cointelegraph

US President Donald Trump once called Bitcoin “a scam,” but admitted on Monday that he got involved in crypto “a little bit for politics.” Source: Cointelegraph

Blockchains will face increasing pressure to compromise on decentralization to meet user demand for speed and scalability, Injective CEO Eric Chen said. Source: Cointelegraph

The report follows comments from White House crypto adviser Patrick Witt in May, who said the administration was examining the legal implications of creating a Bitcoin reserve. Source: Cointelegraph

Bitcoin reversed course from its Monday open selloff and closed the day above $64,000 as bulls began to price in Strategy’s selling. Source: Cointelegraph