Bitcoin threatens $62K in risk-asset rout as Donald Trump says US will 'run' closed Hormuz Strait
Bitcoin bulls faced an uphill struggle to preserve $62,000 as stocks opened down on Strait of Hormuz rhetoric between the US and Iran....
Coins in this story
Related stories
Stablecoins are moving more money while crypto’s cash pile gets smaller
Adjusted stablecoin transaction volume reached a record $1.79 trillion in June, according to Visa Onchain Analytics, up 63% from May's $1.10 trillion and 125% higher than a year earlier. Across the same four weeks, the total pool of stablecoins in circulation shrank by $7.7 billion, the largest monthly dollar decline since the TerraUSD collapse in […] The po...
Strategy Pads Cash Reserves to $3 Billion, Skipping Bitcoin Buy for Third Week
Strategy went another week without buying Bitcoin, focusing instead on lifting its cash reserves to $3 billion via common stock proceeds....
Strategy sells $467M in MSTR shares, leaves 843,775 BTC stack untouched
Strategy, Bitcoin's largest corporate holder, raised $466.7 million by selling MSTR shares while maintaining its 843,775 BTC treasury unchanged. The company boosted its USD reserve to $3 billion to fund preferred stock dividends and debt payments. Bitcoin traded near $62,580, down 2% daily, as investors monitor Strategy's equity issuance strategy alongside its BTC accumulation approach.