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Luke Gromen says Bitcoin’s failure to break decisively higher may reflect more than weak spot demand, arguing that paper instruments can temporarily absorb buying pressure in the same way derivatives have shaped the gold market for years. Speaking with Nathalie Brunell in a June 6 interview, the macro analyst said he has not materially rebuilt the Bitcoin position he previously reduced. “I nibbled a little bit,” Gromen said, but added that he has “not really bought back in in any real way.” The reason, he suggested, is that Bitcoin’s recent price action may be signaling something important about liquidity, market structure and the political sensitivity of hard-asset signals. Paper Bitcoin And The $58K-$72K Frustration Zone Brunell asked Gromen about his prior remark that Bitcoin could remain stuck in what she described as a “$58K to $72K gang for a while,” and whether BTC and gold prices could be suppressed. Gromen clarified that the comment was partly “tongue-in-cheek,” but said there
Read full articleBitcoin treasury companies are piling on debt at record rates to fund their BTC buying, Capriole Investments founder Charles Edwards warned, reviving a year-old call that the model rests on unsustainable “fake yield.” A Year-Old Warning Resurfaces Bitcoin treasury companies are taking on debt at record rates to fund their bitcoin purchases, Capriole Investments founder […]
Bitcoin price started a fresh decline below the $62,500 zone. BTC is showing bearish signs and might continue to move down if it dips below $61,200. Bitcoin failed to stay above $63,200 and extended losses. The price is trading below $62,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $62,500 and $63,500 levels. Bitcoin Price Dips Toward Support Bitcoin price failed to stay above the $63,500 support zone. BTC remained in a bearish zone and extended losses below the $63,200 level. There was a move below the $62,500 level. The price even dipped below $61,200. A low was formed at $60,746 and the price is still showing many bearish signs. There was a minor increase above the 23.6% Fib retracement level of the downward move from the $64,613 swing high to the $60,746 low. Bitcoin is now trading below $62,500 and t
A crypto hacker who drained $26 million from Ethereum-based protocol Truebit in January had likely practiced the technique on smaller targets first, according to blockchain analytics firm Chainalysis. Related Reading: The Bitcoin Rally Has A Problem: Demand Is Drying Up A Contract Left Exposed For Years The Truebit exploit was the largest of four incidents Chainalysis identified in a new report covering the past six months. Together, those attacks — targeting Truebit, Trusted Volumes, Aperture Finance, and Ekubo — account for roughly $37 million in losses, all traced back to contracts whose source code had never been publicly verified on blockchain explorers. The Truebit contract had been sitting on Ethereum since 2021. It was compiled using Solidity v0.5.3, a version released before automatic overflow protections became standard. An attacker found an integer overflow flaw inside its bonding curve mechanism and used it to mint large quantities of tokens at minimal cost before convertin
Geopolitical tensions and regulatory actions are amplifying market volatility, highlighting the fragility of crypto investments amid global conflicts. The post US launches new strikes on targets in Iran, Bitcoin drops 2% as crypto liquidations near $1B appeared first on Crypto Briefing.
The events highlight the vulnerability of regional stability to geopolitical tensions, impacting both aviation safety and financial market volatility. The post Kuwait closes airspace after Iranian drone strikes, Bitcoin liquidations surge past $300M appeared first on Crypto Briefing.
Tim Draper argued bitcoin faces less quantum risk than banks, comparing its security to Fort Knox. His comments shifted attention from blockchain vulnerabilities to legacy financial systems, as debate grows over quantum computing’s threat to modern cryptography. Tim Draper Revives Bitcoin Security Thesis as Quantum Fears Shift Toward Banks Venture capitalist and longtime bitcoin investor […]
Geopolitical tensions highlight Bitcoin's vulnerability to global events, impacting market stability and investor confidence amid rising risks. The post US strikes on Iran send Bitcoin tumbling as Trump orders military escalation appeared first on Crypto Briefing.
Strategy's Bitcoin sale highlights a strategic shift towards flexible asset management, potentially influencing shareholder value and market dynamics. The post Strategy CEO Phong Le details rationale behind Bitcoin sale, calls it a systems test appeared first on Crypto Briefing.
