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Bitcoinist

14260 Articles

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

FBI Cracks Down On Alleged ISIS Crypto Donors, 3 Americans Arrested

A drone projectile allegedly carried the name of one of the three men now accused in a federal ISIS support case, a detail that gave investigators a rare look at how the alleged plot was being imagined. Federal authorities say the men also moved more than $2,000 in crypto and cash while discussing a...
Sat, Jun 6

Solana Price Below $65 For The First Time Since 2023: Crucial Levels To Watch

The Solana price unsurprisingly crumbled under the weight of the bears, as the general cryptocurrency market saw a wave of downward pressure over the past week. The altcoin crashed towards the $60 mark on Friday, June 5th, its lowest price level since late 2023. Given the strength of this recent bea...
Sat, Jun 6

Bitcoin Reserves Resuscitation, Iran War Falls Into The Background, But What’s Going On With BTC?

Bitcoin has fallen to new lows in this bear cycle, dropping below the psychological $60,000 level. This comes amid the U.S.-Iran war, which has remained muted for a while. At the same time, U.S. Treasury Scott Bessent provided an update on the Strategic BTC Reserve. Price Falls Amid Developments Wit...
Sat, Jun 6

Want In On SpaceX? Kraken Unveils Early IPO Access Via xStocks

Kraken has opened a path for eligible customers in more than 110 markets to register interest in SpaceX before the company starts public trading, and anyone who receives an allocation will get SPCXx, a tokenized claim backed 1:1 by the underlying shares. The move puts one of the year’s most watched ...
Sat, Jun 6

Analyst Who Called Cycle Top Says Bitcoin Bottom Could Be At $28,500 — Here’s When

The Bitcoin price briefly fell below the $60,000 level for the first time since 2024, succumbing to intense bearish pressure that ravaged global financial markets on Friday, June 5th. While the imminent initial public offering of SpaceX in the United States has been identified as one of the catalyst...
Sat, Jun 6

Are Meme Coins Like Dogecoin And Shiba Inu Still Worth Buying?

In the previous bull market, meme coins like Dogecoin and Shiba Inu dominated, with gains that were previously unheard of in the space. Their popularity gave rise to meme coins of other calibre, with many seeing varying degrees of success in the market. However, with the latest cycle, meme coins see...
Sat, Jun 6

South Korean Regulator Eases Proposed Crypto Reporting Rules Targeting Large Transfers

South Korean financial authorities have reportedly amended their proposed changes to the Specific Financial Information Act (SFIA), easing the reporting rules that targeted large crypto transactions. Related Reading: US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules FIU Drops Reporti...
Sat, Jun 6

House Committee Unveils 7 Crypto Tax Drafts—A Major Overhaul Of How Digital Assets Are Taxed

The US House Ways and Means Committee has released a set of seven crypto tax discussion drafts aimed at giving more structure to how digital-asset investors are taxed in the country. The effort is intended to clarify rules around timing and treatment, an area where crypto-related tax questions have ...
Sat, Jun 6

Solana Treasury Giant Sends 455,784 SOL To Coinbase Prime: Selling Move?

The largest Solana treasury company has deposited a notable amount of SOL to Coinbase Prime, a potential sign that the firm is looking to sell. Forward Industries Has Made A Large Solana Deposit To Coinbase As highlighted by on-chain sleuth Lookonchain in an X post, Forward Industries has transferre...
Sat, Jun 6

Ethereum Looks Ready For Recovery, But One Metric Says Wait

Ethereum is facing a breakdown below $1,700 as selling pressure and market uncertainty combine to test support levels that have not been visited since the depths of the previous correction. The price action is alarming — but CryptoOnchain data has applied a sophisticated analytical framework to the ...
Sat, Jun 6

Forget Bitcoin, What Does Gold Have To Do With The Altcoin Season?

The next altcoin season may not begin with Bitcoin dominance, ETF flows, or the usual rotation signals from Bitcoin and Ethereum. An interesting outlook is pointing somewhere less obvious: gold. The argument is that the precious metal’s next major move could decide whether the next crypto market bou...
Sat, Jun 6

Coinbase–Better Deal Enables Mortgages Secured By Bitcoin And USDC

Better Mortgage already has a waitlist open for a new home loan product that accepts Bitcoin and USDC as collateral, with plans to launch nationwide this summer and a projected loan volume of $250 million based on signups so far. Related Reading: Coinbase Targets Crypto Crime, Freezing $3M Linked To...
Sat, Jun 6

Ethereum Exchange Supply Keeps Falling – So Why Isn’t Price Rising?

Ethereum is struggling below $1,700 as aggressive selling pressure defines the market structure and the recovery that once appeared to be building has now given back a significant portion of its gains. The price is at levels that are testing the resolve of holders who maintained positions through th...
Sat, Jun 6

More Bitcoin Investors Slip Into Unrealized Losses Following Recent Selloff – Here Are The Numbers

Bitcoin’s recent pullback has significantly flipped the sentiment across the market, with many predicting a more sustained downward performance toward the $60,000 price mark. Following this sharp decline, more investors are now underwater as BTC’s holders’ profitability strongly declines. Bitcoin’s ...
Sat, Jun 6

Why The Extreme FUD And Bearish Pressure Could Be Good News For The XRP Price

The XRP price has continued its downward sweep, currently trading slightly around $1.1 after declining over 14% this week. As upward momentum and trading activity weaken, on-chain reports reveal that the market is now being dominated by bearish pressure and extreme Fear, Uncertainty, and Doubt (FUD)...
Sat, Jun 6

Hyperliquid Faces 5 Possible Paths As US Regulatory Pressure Builds: Expert

Hyperliquid is facing a growing set of regulatory constraints in the US and UK, even as the decentralized perpetuals venue continues to attract major market attention. Derek Edwards, managing partner at Collab+Currency and co-founder of Glitch Marfa, said the project now appears to have five possibl...
Fri, Jun 5

Could Solana Be The Best Spot Trading Market Globally? This Crypto Pundit Thinks So

Heavily haken by ongoing volatility, Solana and its broader market are facing heightened downside pressure, pushing its price to the $68 mark. Despite how bearish SOL has turned out over the past few months, robust optimism continued to be expressed toward the leading altcoin and its market capabili...
Fri, Jun 5

Bitcoin Drops To $59,000 For First Time Since 2024: Crypto’s Total Value Sheds $2 Trillion Since October

Bitcoin (BTC) accelerated its decline on Friday, falling to roughly $59,685—the lowest level seen since October 2024, when US voters were preparing for the November presidential elections of that year. The sell-off has now spilled beyond BTC itself, dragging the wider crypto market lower and wiping ...
Fri, Jun 5

Cardano Just Took Another Major Hit Amid Zombie Chain Allegations

Cardano analytics platform TapTools has announced that it is shutting down, providing a major blow to the ADA ecosystem. This comes amid allegations that the network is a ‘Zombie Chain’ with low user activity. Cardano’s TapTools Announces It Is Winding Down In an X post, TapTools announced that they...
Fri, Jun 5

SEC’s Crypto Advocate Says Blockchain Code Is Protected By The Constitution

A federal securities regulator is drawing a line between writing blockchain code and being responsible for how that code gets used — and the distinction could reshape how the government treats software developers in the decentralized finance space. Related Reading: Bitcoin Falls To $61,300 As Mt. Go...
Fri, Jun 5
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