Bitcoin (CRYPTO: BTC) is down 6% since revisiting its 200-day moving average near $82,000 earlier this month, but K33 Research argues February’s $60,000 bottom still marks this cycle’s maximum drawdown.

Current Pattern Looks Different From 2014, 2018, 2022

K33 Head of Research Vetle Lunde pointed out that Bitcoin spent 189 days between the November 200-day MA breakdown and May retest—far longer than the 96, 132, and 85 days seen in prior cycles. 

Bitcoin also remains more than 20% down during that period compared to positive returns in 2014 and 2022 and a shallower 8% drawdown in 2018.

The 200-day moving average trended higher in prior years but lower in 2026, creating a fundamentally…

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Last week, the Senate Banking Committee approved the Clarity Act, setting the table for a full Senate vote at some point in the future. No date has been set. After the GENIUS Act became law last July 2025, fintech players have been waiting for clarity on Clarity.

The landmark U.S. cryptocurrency legislation establishes a comprehensive regulatory framework to define jurisdiction over digital assets between the Securities and Exchange Commission and the Commodities Futures Trading Commission 

The bill still needs to clear the full Senate, reconcile three versions – Senate Banking, Senate Agriculture, and the House of Representatives version, before heading to the White House. Holiday…

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World Gold Council CEO David Tait says Bitcoin (CRYPTO: BTC) is going to zero, calling it “pure instinct” with no reasoning behind the view.

Gold Council CEO: Bitcoin Doesn’t Offset Risk Assets

Tait explained on Tuesday that Bitcoin correlates with risk assets during crises instead of offsetting them as intended. 

He believes Bitcoin was meant to disassociate itself from risky assets but hasn’t delivered on that promise.

“I thought it was meant to be an offset, something that you could compensate for having exposure to risky assets,” Tait stated. “It didn’t really do that to that extent,” he added.

He also argued that investors should hold both gold and Bitcoin if they have…

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Bitcoin (CRYPTO: BTC) trades around $77,000, following $1 billion in outflows last week after a six-week inflow streak.

Bitcoin Failed At 200-Day MA On First Real Macro Shock

Bitcoin popped above $82,000 on the CLARITY Act vote, then reversed hard and now sits below the 200-day moving average at $82,200 after getting rejected five times this month.

Support holds at $76,000-$78,000. Breaking below $75,000 opens up $70,000-$72,000.

The weekend slide toward $77,000 triggered $657 million in liquidations, $584 million from longs.

Meanwhile, Ethereum (CRYPTO: ETH) dropped 10%, continuing to underperform across spot and derivatives. ETH/BTC pressed 0.0275 with funding softer and relative implied…

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U.S. stock futures rose on Wednesday following two consecutive days of lower closes for the S&P 500 and Nasdaq 100 indices on Tuesday.

Additionally, the Federal Reserve will be releasing the minutes of the Fed meeting later in the afternoon.

Meanwhile, the 10-year Treasury bond yielded 4.65%, and the two-year bond was at 4.10%. The CME Group’s FedWatch tool‘s projections show markets pricing a 96.7% likelihood of the Federal Reserve leaving the current interest rates unchanged during June’s meeting.

IndexPerformance (+/-)Dow Jones0.08%S&P 5000.30%Nasdaq 1000.68%Russell 20000.36%Stocks In FocusToll Brothers
Benzinga’s Edge Stock Rankings indicate that TOL maintains a weak price trend… Read more on Benzinga

Popular NFT brand Pudgy Penguins said on Tuesday that it’s extending its collaboration with English soccer club Manchester City, following the launch of a limited-edition collectible and hoodie earlier this year.

PENGU In Soccer Mode

In an X post, Pudgy Penguins said that they are building on the “success” of the first drop and will share more details soon.

“Together, we’ll be creating exciting experiences at the intersection of physical and digital and bringing Pengu and Pudgy Penguins to City fans worldwide,” Pudgy Penguins stated.

An attached video showed Pudgy Penguins’ mascot PENGU wearing a Man City jersey and posing with a soccer ball.”

The Manchester City Collectible set,…

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21Shares’ new Hyperliquid ETF pulled more than $5 million in inflows within days of launch and generated $8 million in trading volume Thursday alone.

Strong Early Demand Signals Appetite For Always-On Trading

Eli Ndinga, global head of research at 21Shares, explained that Hyperliquid’s appeal comes from letting traders access crypto, oil, silver, and gold markets around the clock. 

The firm previously launched a Hyperliquid product in Europe before bringing the strategy to U.S. investors. The ETF follows Hyperliquid Strategies Inc (NASDAQ:PURR) as a way of getting exposure to HYPE.

Trading activity during recent geopolitical tensions involving Iran demonstrated the platform’s value. 

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