Bitcoin | Crypto

Bitcoin fell below $65,000 as surging oil prices and higher Treasury yields triggered a broader retreat from risk assets. Data from CryptoSlate shows the largest cryptocurrency traded near $64,980 as Brent crude remained on track for a weekly gain of almost 10%. Oil settled 7% higher at $100.69 a barrel on July 23, its first […] The post Bitcoin declines below $65,000 as Trump threatens Iran after tanker attacks send Oil above $100 appeared first on CryptoSlate.

Bitcoin saw several dips under the $64,000 mark as a Binance “plunge protection team” reemerged with bid liquidity to avoid a deeper BTC price rout. Bitcoin (BTC) fell more than 1.6% on Friday as its latest price correction accelerated after Wall Street opened. Key points: Data from TradingView showed BTC/USD approaching $64,000 as bulls struggled to preserve recent gains. Read more

A Bitcoin development roadmap that addresses quantum computing risks could see the price surge by “double digits” very quickly, according to Charles Edwards. Bitcoin developers need to swallow their pride and outline a clear plan to harden the blockchain against quantum computing attacks, according to Capriole Investments founder Charles Edwards. He says the day they finally bite the bullet, the price will respond very quickly. “If the Bitcoin core team says in two or three months: ‘this is our roadmap, we’re gonna solve it in the next two years, these are the rough steps we’ll take,’ that would be amazing news,” Edwards tells Cointelegraph on Trade Secrets.  “I think that would discount a lot of the risk pretty much overnight,” Edwards says. Read more

The signed offers equal 31.8% of wallet IOUs only in gross arithmetic, before estate boundaries, liens and bankruptcy costs. The post Bitcoin mining giant Poolin files for bankruptcy owing 11,700 users $164 million appeared first on CryptoSlate.

The convertible notes, preferred shares, and credit facilities that financed a large share of corporate Bitcoin holdings carry maturities, redemption windows, and dividend dates that determine when a company might need to sell. Matthew Sigel, VanEck's head of digital assets research, shared a list of corporate Bitcoin treasuries that maps who ranks above the coins […] The post The debt clock ticking inside corporate Bitcoin treasuries could force billions back onto the market appeared first on CryptoSlate.

Bitcoin miner Poolin filed for Chapter 11 bankruptcy and initiated a $52 million sale of its two West Texas mining sites as part of its future creditor recovery program. Singapore-based Bitcoin mining pool Poolin and two of its US affiliates filed for Chapter 11 bankruptcy in a New Jersey court on Wednesday. Poolin’s court filing shows that the mining pool operator has estimated liabilities of $100 million to $500 million, assets of $1 million to $10 million and 10,001 to 25,000 creditors. Poolin and its affiliates are also seeking court approval to sell two West Texas mining sites to Thor CALAP LLC under a proposed $52 million stalking-horse bid. This includes $37 million for the Tarbush assets, including assumed liabilities, and $15 million for the Pyote site, including the power rights, equipment and all other assets tied to the mining facilities. Read more

The Magnificent Seven had their worst day since April 2025 after Alphabet and Tesla spooked investors on AI spending. Bitcoin fell less than 1%, and dogecoin led the majors lower.

The Bitcoin donation can be used to support Donald Trump as a New York court considers whether to reverse a $5 million settlement between the CFTC and Gemini. With a court set to consider a reversal of a $5 million settlement from the US Commodity Futures Trading Commission’s (CFTC’s) case with cryptocurrency exchange Gemini, the company has sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump. According to the MAGA Inc. Super PAC’s July report to the Federal Election Commission (FEC) filed on Monday, the Gemini Trust Company run by co-founders Cameron and Tyler Winklevoss sent two separate contributions of more than $5 million in Bitcoin on June 19.  The donation, which the PAC may use for independent expenditures to support Trump, was recorded about three weeks after the CFTC filed a joint motion with Gemini in federal court in an attempt to reverse a January 2025 settlement over the company allegedly making false or misleading statements. CFTC Chai...

Bitcoin price forecasts diverge as US-Iran war tensions fueled an ongoing oil and bond-market surge, while July Fed rate-hike odds neared 40%. Bitcoin (BTC) fell below $65,000 on Thursday as US stocks slid amid another round of escalation in Iran. Key points: Data from TradingView showed BTC/USD hitting three-day lows of $64,799 on Bitstamp. Read more

The $11.7 million convert vanished, leaving a simpler capital stack and a tougher test for replacement funding. The post Bitcoin treasury company erases 7.7M shares after selling 177 BTC – yet Bitcoin per share fell appeared first on CryptoSlate.

Ether trades below its realized price while onchain indicators point to easing selling pressure and recovering demand, though a definitive cycle bottom has yet to emerge. Ether is becoming increasingly attractive from a valuation standpoint, particularly relative to Bitcoin, but onchain data suggests the market has yet to reach a definitive cycle bottom, according to CryptoQuant. In its latest weekly report, the analytics company said Ether (ETH) is trading roughly 17% below its realized price, or the average onchain acquisition cost of all ETH in circulation, of about $2,300. Historically, ETH trading below its realized price has coincided with periods of market undervaluation and long-term bottoms. Ether is also showing signs of improving relative to Bitcoin (BTC). CryptoQuant said that ETH’s market value-to-realized value (MVRV) ratio has retreated from extreme overvaluation, exchange inflows have declined, exchange-traded fund (ETF) holdings have begun to recover after months of weakness, and ETH/BTC spot...

BlackRock, Coinbase and Strategy are backing a $15 million effort to prepare Bitcoin against future quantum-computing attacks. The companies are among nine founding members of the Bitcoin Security Consortium, announced July 23 to support developers and researchers working on the network’s long-term security. The consortium also includes Anchorage Digital, ARK Invest, Block, Blockstream, Fidelity Digital […] The post $460 billion Bitcoin risk draws BlackRock, Coinbase and Strategy into $15M quantum defense mission appeared first on CryptoSlate.

A consortium led by Strategy and BlackRock has pledged $15 million to secure the Bitcoin network from the threat of a quantum computing breakthrough. Michael Saylor’s Strategy announced the launch of the Bitcoin Security Consortium, a group of financial institutions and Bitcoin companies supporting the long-term quantum security of the Bitcoin network. The consortium pledged an aggregate $15 million over the next three years to support developers securing the Bitcoin network against the threat of a quantum computing breakthrough, Strategy announced in a Thursday press release. Other founding members include Anchorage Digital, ARK Invest, BlackRock, Block, Blockstream, Coinbase, Fidelity Digital Assets and Galaxy. The consortium’s day-to-day work will be coordinated by Mike Schmidt, who serves in a volunteer capacity and is the executive director of Brink, a non-profit that supports Bitcoin open-source developers. Read more

Members will direct funding independently, with the consortium taking no role in Bitcoin governance or protocol decisions.

Bernstein analysts remain bullish on the Bitcoin mining sector, as deals with third-party providers will be necessary to address the computing power limits of AI data centers. Bernstein said that it remains overweight on the Bitcoin mining sector, citing the growing partnerships between Bitcoin mining companies that are necessary to address the power constraints of artificial intelligence (AI) data centers. The investment manager’s Bitcoin mining industry deal tracker registered a new AI-related deal every week in July, with combined deals standing at more than 7.5 gigawatts or the contracted equivalent of $150 billion in multi-year contracts, according to a Thursday research note shared with Cointelegraph.  The analysts said that third-party computing capacity from Bitcoin miners will remain highly valuable as access to power remains the AI industry’s real bottleneck amid growing political pushback against building new US data centers. Read more

Bloomberg ETF analyst James Seyffart argued that the CLARITY Act should carry virtually no direct effect on Bitcoin's price. In his view, Bitcoin already holds the infrastructure the bill is trying to build for the rest of the industry: commodity treatment, regulated futures, spot ETF access, and institutional custody. That claim sits inside a wider […] The post Bitcoin rose 2% on CLARITY progress while Coinbase, Circle jumped over 8% – but why? appeared first on CryptoSlate.

Bitwise predicted that Hyperliquid and Robinhood TradFi ventures should form the basis for a crypto bull-market comeback that would lift Bitcoin and Ether. Bitcoin (BTC) is “finally showing signs of a bottom,” but the next bull market will have a different source. Key points: In a blog post on Wednesday, Matt Hougan, chief investment officer at crypto asset manager Bitwise, revealed his picks for what will “lift” BTC price action going forward. Read more

Bitcoin trades near $65,978, below the $69,000 level Glassnode treats as the average cost basis for short-term holders, and the Federal Reserve's July 28-29 meeting will decide if this disconnect can be closed. June payrolls rose by only 57,000, unemployment stayed at 4.2%, and revisions cut April and May payrolls by a combined 74,000. Core […] The post Bitcoin’s $69,000 test could expose its whale-led rebound as a fragile Fed gamble appeared first on CryptoSlate.

Grayscale’s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class. Crypto-focused asset manager Grayscale said that Bitcoin’s price may have bottomed earlier than the traditional four-year cycle, which would imply a cycle low in September or October.  Grayscale’s head of research, Zach Pandl, argued that Bitcoin (BTC) has “grown up” as an asset and is increasingly driven by macroeconomic factors.  “If the Fed forgoes rate hikes and economic growth holds up well, Bitcoin’s price may already have bottomed,” Pandl wrote in a Wednesday report. Read more

Bitcoin is safe today, but signatures, software, custodians and users would need years to coordinate a defense. The post Galaxy puts $5 million behind Bitcoin’s race to migrate before quantum risk arrives appeared first on CryptoSlate.