Bitcoin price has crashed through $60,000, touching lows not seen since October 2024 and erasing months of gains in a matter of days. At press time, bitcoin price trades at $59,566 — down more than 10% in 24 hours and roughly 53% off its all-time high of $126,277 set last October.

The drop has been brutal, fast, and — for many holders — a gut punch that raises a question nobody wants to ask: how much lower can this go? No single event really broke bitcoin price. What happened instead was a convergence of bad news that hit all at once.

U.S. spot Bitcoin ETFs posted net outflows of approximately $113.8 million as of June 23, marking a fourth consecutive day of withdrawals….

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Strategy Inc. (NASDAQ: MSTR) shares fell more than 10% Tuesday to $92, a two-year low, as bitcoin cratered below $60,000 and an analyst note from CryptoQuant warned the company has overextended itself and should halt bitcoin purchases before its financial situation deteriorates further.

Bitcoin fell to roughly $59,000 on the day, a drop of more than $6,700 or about 5%, its worst single-day loss in months. The selloff sparked a liquidation cascade across crypto derivatives markets, with roughly $1.1 billion in leveraged positions forcibly closed within a 24-hour window. The move pushed bitcoin below the average cost basis for all of Strategy’s purchases made in 2024, 2025, and 2026…

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By the year 2036, Bitcoin mining looks nothing like it did five years ago, much less ten. Long gone is the model of Bitcoin miners that dominated the landscape of the early to mid-2020’s. These large, often publicly traded, mining companies looked for large tranches of cheap power in mostly first-world countries they could monetize at scale. These corporations did not generate their own energy, nor did most design and manufacture their ASICs. They looked for a confluence of attractive power terms from an electric utility, available land near substation infrastructure, and timed the purchase of ASICs for as short a payback period as possible. 

The compressing margins had already…

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A coalition of four major law enforcement organizations and a separate group of nearly 100 Catholic leaders sent letters Tuesday warning that a provision in the Digital Asset Market Clarity Act would weaken the oversight tools investigators and prosecutors rely on to combat financial crime. 

The law enforcement letter, addressed to Acting Attorney General Todd Blanche and Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, came from the National District Attorneys Association, the National Association of Assistant United States Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association. 

Together,…

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Shares of Strategy Inc. (NASDAQ: MSTR) crossed below $100 on Wednesday for the first time since March 2024, extending a collapse that has erased more than 80% of the stock’s value from its all-time high of approximately $474 reached in November 2024.

The breach of the $100 threshold carries weight beyond the number itself. Strategy, the Bitcoin treasury company led by Executive Chairman Michael Saylor, built its investment thesis around the premise that its leveraged exposure to Bitcoin would generate returns that outpace traditional assets.

That thesis is now under pressure as Bitcoin trades near $61,000 — well below the company’s average acquisition cost of roughly $75,656 per…

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Bitcoin price is trading near $61,500 today, extending a decline that has erased more than half its value since the token hit a record high in October 2025. The sell-off is rippling through publicly traded crypto companies, where losses have at times outpaced Bitcoin itself.

The token fell to $61,877 earlier this week — its lowest level since June 11 — before sliding further. Bitcoin price briefly broke below $60,000 on June 5, a level not seen since late 2024, before a partial recovery that has since stalled.

Deutsche Bank attributed Bitcoin’s weakness to a convergence of institutional pressures. A shift in Federal Reserve expectations — the bank now forecasts two rate…

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Strive Inc. CEO Matt Cole said his company is purchasing Bitcoin at an aggressive pace, telling Bloomberg that the firm is buying “hand over fist” as prices decline. 

The statement came as Strive disclosed its latest acquisition: 759 BTC purchased between June 15 and June 21 at an average cost of $65,850 per coin, bringing the company’s total treasury to 19,864 BTC — the seventh-largest corporate Bitcoin position in the world.

The company has built that position from zero in under a year. In June alone, the company made three separate purchases — 759 BTC, 73 BTC at $63,646, and 32 BTC at $63,900 — as Bitcoin prices fell. An additional $185 million in Bitcoin was…

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BlackRock, the world’s largest asset manager with $14 trillion under management, now recommends that investors allocate 1–2% of their portfolios to Bitcoin — a position the firm says can boost return potential without destabilizing overall risk.

The guidance came from Michael Gates, BlackRock’s lead portfolio manager for model portfolios, who framed Bitcoin as a “complementary diversifier” in multi-asset contexts. “A modest allocation could potentially have an impact on portfolio returns without dominating day-to-day risk,” Gates said.

In a traditional 60/40 portfolio, BlackRock notes that a 1–2% Bitcoin position carries risk comparable to a single large-cap…

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The House Financial Services Committee has scheduled a hearing on the Digital Asset Market Clarity Act (H.R. 3633) for July 17 in New York. 

First introduced and House Financial Services Chairman French Hill on May 29, 2025, the CLARITY Act is the most significant attempt yet to build a durable regulatory framework for digital assets in the United States. 

Its central mechanism is a jurisdictional division: the Commodity Futures Trading Commission (CFTC) would receive exclusive authority over spot markets for “digital commodities” — most notably Bitcoin — while the Securities and Exchange Commission (SEC) retains jurisdiction over digital assets that qualify as…

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