Here’s How Deeply Underwater Corporate Crypto Bets Have Become After Latest Crash
Strategy and Bitmine lead the pack with massive unrealized losses.
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Dogecoin is trading below $0.09 at the time of writing, which places it more than 88% from its May 2021 all-time high of $0.74, and overlooked in a market that has spent most of 2026 rotating around Bitcoin, Ethereum and XRP. However, crypto analyst Javon Marks sees something in DOGE’s long-term chart that most traders are missing: a repeating pattern of increasing alt season performances that, if it holds, points to a target above $20 for the meme coin. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Dogecoin’s Alt-Season Pattern Technical analysis of Dogecoin’s movement on the weekly candlestick timeframe chart shows that the king of meme coins has delivered increasingly large moves during major altcoin cycles, with the 2017 and 2021 rallies serving as the foundation for the latest forecast. The weekly chart tracks Dogecoin’s price action across multiple market cycles, beginning from the early years of DOGE trading and extending into an alt-se
Read full articleStrategy and Bitmine lead the pack with massive unrealized losses.
Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed. Michael Saylor, whose company Strategy recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Saylor Pushes Back On Blame Strategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright. He argued that capital markets have been funding the AI buildout at historic scale — roughly $400 billion over six months — and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset. SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs of SpaceX, Anthropic, and OpenAI a
7RCC Global has launched BTCK, an exchange-traded fund (ETF) that combines 80% bitcoin exposure with 20% regulated carbon credit futures. The fund gives investors a listed product that blends digital assets with environmental commodities. BTCK Debuts on NYSE Arca With 80% Bitcoin and 20% Carbon Credit Exposure 7RCC Global has brought one of the crypto […]
Bitcoin price performance in June has gotten off to a rocky start, with prices now down 50% from the market’s all-time high. In the last week alone, the premier cryptocurrency has declined by 16%, forcing the price to around $60,000 for the first time since February. Notably, the heavy market loss has coincided with the dominant Bitcoin treasury Strategy offloading $2.5 million in BTC to manage its balance sheet, despite initial chants of “never sell”. Moreover, the upcoming IPO of Elon Musk’s SpaceX is garnering much momentum as a favorable investment at the moment. Using relevant on-chain data, market analyst Rafael, with the X username n3ocortex, has highlighted a market bottom range amid the current persistent downtrend. Related Reading: Why Did Bitcoin Crash? On-Chain Data Points To One Missing Ingredient Historical Data Supports Potential Dip To $35,000 Before Recovery After failing to break past the $82,000 barrier in early May, Bitcoin slipped into another corrective wave, res
Bitcoin's decline highlights a strategic shift as investors prioritize AI, potentially reshaping asset allocation and market dynamics long-term. The post Bitcoin faces worst performance in a decade as AI stocks attract investors appeared first on Crypto Briefing.
A growing dispute in Washington over bank capital requirements could have major implications for institutional bitcoin adoption. Senators are challenging a 1,250% risk weight that they argue makes holding BTC prohibitively expensive for regulated banks. Senate Pressure Builds Over Bank Rules That Could Shape Bitcoin Access U.S. senators disclosed on June 4 a renewed push […]
Ethereum is approaching a critical technical crossroads as bearish momentum continues to weigh on price action. With a major support zone now under intense pressure, traders are closely watching whether bulls can defend this level or if a breakdown will open the door to a deeper decline. Bear Flag Breakdown Keeps Ethereum Under Pressure Ethereum continues to slide, aligning with the broader bearish sentiment currently dominating the market. According to analysis from More Crypto Online, the asset’s recent breakdown from a previously identified bear flag and rejection of the yellow trendline strengthen the hypothesis that the significant B-wave rally peaked back in April. These technical failures serve as strong indicators that the prevailing trend remains firmly to the downside. Related Reading: Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom The leading scenario currently suggests that Ethereum is developing within a larger C-wave decline, with major support levels e
Bitcoin’s sharp decline is fueling debate over whether investors are selling liquid crypto positions to chase the Spacex IPO and emerging AI opportunities. The theory points to liquidity pressure, ETF outflows, and Strategy’s small BTC sale as contributing factors. Bitcoin Bleeds as Spacex IPO and AI Demand Spark Capital Rotation Debate Bitcoin’s steep weekly drop […]