Bitcoin Drops Below $64K as Resilient Jobs Data Fuels Fed Caution
Strong labor data is tightening every channel crypto needs loose — and Warsh's hawkish first FOMC just put the rate-cut trade on ice through year-end.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Strong labor data is tightening every channel crypto needs loose — and Warsh's hawkish first FOMC just put the rate-cut trade on ice through year-end.
Japan's carry-trade unwind was fully priced, the BOJ softened it with a bond-buying commitment, and Bitcoin held near $66K.
Roughly a fifth of global oil flows through the 33-km chokepoint — any sustained closure pushes crude and risk assets sharply higher on supply fears.
Governor Abbott's June 10 directive to ERCOT and the PUC flips the state's decade-long incentive model and could become the regulatory template for every other state chasing AI capacity.
A preferred stock designed to trade at $100 has traded as low as $83, and the unraveling came from a mix of bitcoin's slide, a drained dividend reserve, and a rival's higher-yielding offering.
The cascading margin call in a $10B category of BTC-treasury-linked preferreds — a brand-new corner of the market — is a stress lesson: a perpetual preferred can keep paying its 11-13% dividend and…
Strategy's preferred-share product breaks its $100 peg for the first time, half the BTC supply is underwater, and 243 straight days of fear on the index — yet Morgan Stanley's 14bp ETH and SOL ETF…
A single-day pull of this size out of BlackRock's IBIT is unusual enough to read as a positioning event — and the parallel ETHA outflow keeps the move from looking like a routine rebalance.
1.1K $BTC (≈67.5M) moved from #OKEX to unknown wallet.
1.9K $BTC (≈119.6M) moved from unknown wallet to unknown new wallet.
2.6K $BTC (≈167.2M) moved from #OKEX to unknown wallet.
The $1.78T asset manager's dual filing would route US large-cap and Nasdaq-100 dividends into capped Bitcoin exposure, layering a familiar DRIP wrapper onto spot crypto as the post-2024 ETF race…
CryptoQuant's Network Activity Index has climbed above its long-term trend for the first time since mid-2024 — yet the surge is concentrated in sub-0.01 BTC transfers and OP_RETURN data writes, not…
The lawsuit argues perps should be swaps, not futures — and the legal read is that CME has both the procedural and substantive advantage heading into a likely injunction fight.
Strategy's preferred hit an $82.61 intraday low on June 18 as the market priced in a roughly 13% effective yield — exposing how fragile the $10.5B perpetual-preferred model is when confidence slips,…
A mining-industry whale rotating freshly withdrawn coins into Spark's lending market signals more than just accumulation — it's miners treating balance-sheet ETH as a working asset, not idle…
A single, named long-term holder capitulating at a seven-figure loss is a distribution tell, not a price story — when OGs start selling cost basis, the marginal buyer shifts.
799 $BTC (≈50.5M) moved from unknown wallet to #Binance.
1.6K $BTC (≈102.1M) moved from unknown wallet to unknown new wallet.
A weekly round-up finds miners still underwater, Ethereum pushing Glamsterdam on devnets, and Europe's MiCA transition closing on July 1 — three timelines colliding on policy, code, and capital.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Bitcoin Drops Below $64K as Resilient Jobs Data Fuels Fed Caution" — read at /en-US/a/bitcoin-drops-below-64k-as-resilient-jobs-data-fuels-fed.