The post Bitcoin Records Worst June in Four Years – Is a Cyclical Bottom in Play? appeared on BitcoinEthereumNews.com.
With BTC reclaiming the $60,000 level on July 1, market experts believe the plunge may have been a failed breakdown rather than a sustained leg lower. On-chain data has confirmed that June was a painful month for bitcoin (BTC), but beyond the price weakness, both spot demand and institutional flows faltered. Due to last month’s performance, there is speculation that the market may be nearing a cyclical bottom, but this remains unconfirmed. In the meantime, analysts at the crypto exchange Bitfinex revealed in this week’s Bitfinex Alpha that historical data suggests that July could be better for BTC. However, a seasonality dynamic will not be able to sustain a recovery for BTC this month – the asset needs sustained spot and institutional demand. Worst June in 4 Years BTC fell to a fresh cycle low of $57,800 last month, marking the worst June since 2022 and the second-w
The post Polymarket Turns On Instant Bitcoin Deposits Via Lightning Network, Powered By Spark appeared on BitcoinEthereumNews.com.
Polymarket, the crypto-native prediction market, has begun supporting instant Bitcoin deposits over the Lightning Network. The feature uses infrastructure from Spark, a Bitcoin protocol built for payments and stablecoins. In a post on X, Spark told users they can deposit BTC to the platform with more speed and more privacy than the older method offered. The move extends a funding push that started in October 2025, when Polymarket switched on standard on-chain Bitcoin deposits. Those deposits carried a wait: most on-chain Bitcoin transactions need three to six confirmations, a window of 10 to 60 minutes, before a platform credits an account. The on-chain route carried a higher minimum deposit, a reflection of bridging costs. For a trader who wants a position on a live market, both the delay and the fee are a cost. Lightning and Spark close the gap. Spark v
The post Bitcoin rally now depends on one Fed document coming Wednesday appeared on BitcoinEthereumNews.com.
The Federal Reserve publishes the minutes of its June 16–17 meeting on Wednesday at 2 p.m. ET, and the release will either validate Bitcoin’s week-long recovery or pull out its foundation. Traders bought the rebound on a single macro assumption: a weakening US labor market limits how long the central bank can stay hawkish. The minutes, the first full account of internal deliberations under Chair Kevin Warsh, will show whether officials shared that concern in mid-June, weeks before the jobs data that set the rally in motion. The move riding on the answer is substantial. Bitcoin traded near $64,000 on Tuesday, up almost 11% from the 21-month low below $58,000 it set on July 1, and swung more than $3,400 between $61,250 and $64,659 on Monday. The recovery began with Thursday’s US jobs report, which showed employers added 57,000 positions in June, roughly half of what economists exp
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The post Crypto Market Sectors Retreat as Meme Tokens Lead Daily Declines appeared on BitcoinEthereumNews.com.
Meme sector leads losses as SocialFi stays positive despite wider crypto market weakness. SocialFi tops weekly and quarterly returns while DeFi leads year-to-date performance. Crypto sentiment stays in Fear as Bitcoin, Ethereum, and XRP extend daily declines. The crypto market turned lower after several days of gains, with sector performance data pointing to renewed caution across digital assets. Figures from SoSoValue showed losses spreading through most major crypto categories over the past 24 hours, while broader market indicators also reflected weaker prices and subdued investor sentiment. Although several individual tokens posted gains despite the decline, the Meme sector recorded the highest daily loss among the major narratives, contrasting with the SocialFi sector, which remained one of the few areas to finish the session in positive territory. Meme Sector Records the
The post Solana Eyes $100 After Breaking BTC Downtrend appeared on BitcoinEthereumNews.com.
Solana trades near $80 as SOL/BTC breaks a year-long downtrend, with $84.78 resistance and $100 target in focus. Solana traded near $80.79 after gaining 0.58% over the past 24 hours. The move came as buyers returned after weeks of heavy selling. The token also showed strength against Bitcoin after breaking a year-long downtrend. Analyst Michaël van de Poppe said SOL remains in an uptrend against BTC. Institutional inflows, stronger network activity, and improving chart signals supported the recovery. Traders are now watching whether SOL can move toward the $100 level. Solana Stabilizes After Heavy Selling Solana traded near $83 on February 17, according to CoinMarketCap data. The weekly move was mostly flat, but it marked a steadier close after steep losses. The token had weakened for several weeks before buyers returned near lower price levels. The Solana ecosystem also showed a rise in total
The post Digital Chamber Files Brief Over Dormant Satoshi Wallets appeared on BitcoinEthereumNews.com.
Noah Doe sued for title to 39,069 dormant Bitcoin wallets he found by algorithm. Digital Chamber says dormancy alone cannot prove abandonment under New York law. Noah Doe never held private keys, so cannot access or move funds from any wallet. The Digital Chamber, the United States’ oldest and largest digital asset trade association, has filed an amicus brief in the New York State Supreme Court opposing a lawsuit that seeks to claim ownership of tens of thousands of dormant Bitcoin wallets, some of which are believed to be linked to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. What the Lawsuit Claims A New York resident identified as Noah Doe developed an algorithm in 2024 to identify dormant Bitcoin wallets and ran it on his personal computer, identifying 42,001 wallet addresses that had seen no on-chain activity for at least five years. He copied those addresses onto USB drives
The post Germany’s Crypto Tax Bid Seeks to Fill National Coffers appeared on BitcoinEthereumNews.com.
Germany is ramping up efforts to boost its national budget by imposing higher taxes on cryptocurrency profits. This move could overhaul the current tax regime that exempts long-term crypto holders from capital gains taxes for assets such as Bitcoin and Ethereum, sparking widespread financial implications and debates. Continue Reading:Germany’s Crypto Tax Bid Seeks to Fill National Coffers Source: https://en.bitcoinhaber.net/germanys-crypto-tax-bid-seeks-to-fill-national-coffers
