The post Bitcoin Retraces As Oil Tanker Attacks in Strait of Hormuz Escalate U.S.-Iran Tensions appeared on BitcoinEthereumNews.com.
Bitcoin is down today, falling below the psychological $63,000 level after a rally above $64,000 yesterday. The drop below $63,000 today follows attacks on oil tankers in the Strait of Hormuz, a development that further escalates tensions between the U.S. and Iran. Bitcoin Falls Amid Attack On Oil Tankers In Strait of Hormuz In an X post, the UK Military Center revealed an attack on an oil tanker in the Strait of Hormuz, with the tanker sustaining minor structural damage. This marked the second attack on an oil tanker in the Hormuz Strait today. The UK Military earlier reported about an oil tanker that also suffered structural damage. Meanwhile, there have now been attacks on vessels in the Strait in the last 24 hours. Bitcoin has retraced amid this development that again escalates tensions between the U.S. and Iran, with Qatar accusing Iran of being resp
The post Bitcoin Mining Stocks Sink 20% – How Did BTC Price Avoid the Damage? appeared on BitcoinEthereumNews.com.
Bitcoin mining stocks have fallen roughly 20% as investor enthusiasm for AI and semiconductors cools, according to a July 7 report from 10x Research. Bitcoin (BTC) itself has largely sidestepped the damage. The research firm argues that miners now trade as AI infrastructure companies rather than Bitcoin proxies. Their shares respond to chip supply chains and compute demand instead of crypto market signals. Bitcoin Mining Stocks Now Trade Like Semiconductor Plays According to the report, mining equities have largely decoupled from Bitcoin after a sharp rally and an equally sharp reversal. The firm’s data shows Riot Platforms (RIOT) moving in step with the semiconductor SOX ETF since April 2026. Both recently retreated from their highs together. Riot Platforms stock price vs. Semi SOX ETF chart showing Bitcoin mining stocks tracking semiconductors since April 2026, Source: 1
The post Analyst Predicts 2-3 Years of Crypto Gains as Risk-On Environment Emerges appeared on BitcoinEthereumNews.com.
Bitcoin dominance signals are among the indicators the analyst believes point toward a changing market cycle. Crypto analyst Matthew Hyland says the macro backdrop that punished digital currencies for four straight years is finally turning, pointing to patterns that came before crypto’s two biggest bull runs. In a pair of posts on X, he argued that the market is entering a two- to three-year stretch of what he calls “max opportunity,” with risk appetite moving back toward crypto for the first time since 2016 and 2020. A Repeating Four-Year Pattern Hyland’s case rests on comparing three stretches he labels macro risk bear markets: 2014 to 2016, 2018 to 2020, and 2022 through 2026. In each of them, he says, crypto performed poorly while the wider risk backdrop stayed hostile, only for conditions to flip and set off the sector’s strongest runs. He’s now betting the cur
The post Top Bitcoin Casinos in Mexico for 2026 appeared on BitcoinEthereumNews.com.
If you haven’t yet joined a crypto casino in Mexico, you’ll find the process is quite simple. In fact, it isn’t much different from joining a local Mexican-licensed online casino. If you’re new to the concept, here are the steps you need to take. Step 1: Choose a Casino First, choose your preferred online casino. We recommend choosing one of our top-recommended Mexican casinos featured on this page, as we’ve independently tested and approved those for players in Mexico. Step 2: Register As a New Player Follow our CoinGape links to head over to your casino of choice. Once there, hit the relevant sign-up button on the homepage or lobby. Enter your personal details (only those that are mandatory if you prefer your privacy) before submitting the e-form. You may be required to check your email for a confirmation message to verify your account. Step 3: Complete KYC (If Required) If your crypto casino goes in
The post Grayscale defends Strategy’s Bitcoin sale with unexpected bullish case appeared on BitcoinEthereumNews.com.
Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. Summary Grayscale says Strategy’s $216 million Bitcoin sale has reduced financing risk and strengthened its balance sheet. The research firm argues higher cash reserves could support a more durable Bitcoin price bottom over time. Bitcoin rebounded above $63,000 as BlackRock’s ETF recorded fresh inflows and trading volume surged. According to a July 6 report from Grayscale Research, the market reaction to Strategy’s decision to sell part of its Bitcoin holdings has overlooked what the firm sees as a strengthening of the company’s balance sheet rather than a sign of financial stress. The report comes after Michael Saylor’s company faced criticism when Bitcoin briefly fell to the $61,000
Grayscale Research has argued that Strategy’s recent $216 million Bitcoin sale has improved the company’s financial position while helping create conditions for a more stable Bitcoin price. According to a July 6 report from Grayscale Research, the market reaction to…
The post Bitcoin Sticks to $63,000 as John Bollinger Eyes a ‘Critical Point’ for BTC price appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) circled $63,000 after Tuesday’s Wall Street open as chip companies led a dip in US stocks. Key points: Bitcoin attempts to hold $63,000 after seeing its highest levels in two weeks. US stock markets see a correction on the day SpaceX joins the Nasdaq-100. Bollinger Bands creator John Bollinger continues to eye a long-term BTC price reversal. BTC price comes off two-week highs as US stocks fall Data from TradingView showed BTC price action cooling after a trip to $64,660 — its highest point since June 22. BTC/USD one-day chart. Source: Cointelegraph/TradingView BTC/USD surfed a comedown in US equities, with the S&P 500 and Nasdaq 100 down 0.6% and 2.1%, respectively, at the time of writing. Chip stocks led the sell-off, with Micron Technologies, whose earnings were highly anticipated last month, down over 9%. Micron Technologies stock one-hour cha
The post Analysts see more upside for SpaceX as post-IPO research begins appeared on BitcoinEthereumNews.com.
Wall Street analysts have begun coverage of SpaceX (SPCX) following the expiration of the 25-day quiet period after the company’s June initial public offering (IPO), with nearly every major brokerage launching their coverage with a bullish rating. The aerospace and satellite company, which held 18,712 bitcoin BTC$63,942.17 as of March 31, went public in June, raising $75 billion in one of the year’s largest IPOs. Shares were priced at $135 in the offering. The stock was trading at $150.93 on Tuesday, down more than 6% from recent post-listing highs but still above its IPO price. The two lead underwriters, Goldman Sachs and Morgan Stanley, both initiated coverage with buy-equivalent ratings. Goldman analyst Eric Sheridan set a price target of $205, while Morgan Stanley’s Adam Jonas assigned a $300 target. They were joined by analysts at Bank of America, Citigroup, Deutsche Bank,
The post ‘True Tokens Exist’: Solana Founder Yakovenko Rejects Myth That Only Bitcoin Has Value appeared on BitcoinEthereumNews.com.
A new round of debate is gaining momentum on X over why investors should hold base-layer network tokens at all. In the crypto community, the view has taken hold that only Bitcoin has established itself as a valuable asset, while all other tokens are just attempts to build technology platforms that cannot retain value and do not provide compound returns. Solana founder Anatoly Yakovenko tried to put an end to the latest discussion in a new post, explaining why this myth is wrong and why there are “true tokens” on the market with a fundamentally different form of ownership. Why holding ‘true tokens’ isn’t useless: Solana’s Yakovenko explains According to Yakovenko’s logic, traditional stocks provide only legal rights, which any government can freeze with a single click. In contrast, the head of Solana points to infrastructure tokens, which provide not paper
