Bitcoin experienced a sharp short squeeze pushing it above $78,000 before retreating to $76,000 after Iran reversed its decision to reopen the Strait of Hormuz. This volatile session wiped out $593 million in short positions, highlighting ongoing market sensitivity to geopolitical developments.
Former UK Prime Minister Liz Truss has launched CPAC UK and endorsed Bitcoin, blaming currency debasement and excessive regulation for the nation's economic decline.
XRP's recent 8% weekly gain has positioned it ahead of bitcoin and ether, sparking speculation about a potential move toward $10, though traders remain cautious due to inconsistent volume and ongoing consolidation patterns.
A recent Google-led paper outlines a realistic attack in which a future quantum computer could, within about nine minutes, derive a private key from an exposed public key and potentially front-run or drain vulnerable bitcoin wallets.
Strategy (MSTR) has proposed shifting STRC preferred stock dividends from monthly to semi-monthly payments to enhance liquidity and reduce volatility. If approved, the first bi-monthly distribution is set for July 15.
Oil prices slumped as Trump said Iran committed to open the Strait of Hormuz and the U.S. plans to acquire that country's enriched uranium as part of a deal.
The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution.