Seamus Rocca warned that the next Bitcoin market downturn could be sparked organically and not through a single catastrophic event. The four-year Bitcoin (BTC) market cycle of forming new all-time highs followed by deep corrections is not dead, contrary to popular belief, according to Xapo Bank CEO Seamus Rocca. In an interview with Cointelegraph, the CEO said that the risk of a prolonged bear market is still very real and does not need a “cataclysmic” event to trigger it. Things as simple as a general slowdown in news, developments, or routine portfolio rebalancing could cause the next market-wide downturn. He added: “The contagion effect could be as simple as there's no new news in the market,” causing the crypto sector to “run out of steam,” in an organic, drawn-out process, the CEO added. Read more
Veer Chetal, a 19-year-old hacker, used social engineering to steal $243 million in Bitcoin, then exposed his identity during a livestream and reoffended while out on bail. Social engineering attacks are a potent weapon that scammers use to compromise crypto wallets and steal funds from victims. Court documents reveal that this was the tactic used to target the Gemini creditor in this case. In August 2024, about 4,100 BTC worth $243 million vanished overnight from a single victim’s account. Three gamers, turned self-taught hackers, siphoned off the Bitcoin (BTC) after successfully gaining access using social engineering tactics. But this was just the start of a bizarre case, especially for the youngest thief, 19-year-old Veer Chetal. Read more
Crypto analyst Matthew Hyland suggests altcoins will be “ripping” much more when Bitcoin Dominance drops to 45%. A crypto analyst suggests altcoins may have plenty more upside, as many are already surging without pulling much market share from Bitcoin. “BTC dominance hasn’t even sneezed and Alts are ripping,” crypto analyst Matthew Hyland said in an X post on Friday. TradingView shows Bitcoin (BTC) Dominance is 64.46% at the time of publication, down just 1.53% over the past week, while altcoins saw significant price spikes amid Bitcoin reaching new all-time highs on Wednesday, Thursday, and reaching $118,760 on Friday. Read more
Ego Death Capital raises $100 million for Bitcoin startups, while Robinhood face scrutiny over its equity token offerings. Crypto and blockchain venture capital came roaring back in the second quarter, with startups raising a combined $10 billion during the period. For venture capital firm Ego Death Capital, however, it’s Bitcoin (BTC) — not broader crypto — that will drive the future of secure decentralized finance. Earlier this week, the firm announced a new $100 million fund dedicated to investing in early-stage Bitcoin companies. Meanwhile, Robinhood is doubling down on its tokenization push, even as European regulators scrutinize its so-called “private equity” offerings. While Robinhood has long been active in digital assets, its deeper commitment to the space has helped propel its stock to all-time highs. Read more
The S&P 500 Index has staged a remarkable turnaround since April, but its performance still lags considerably behind BTC. The US stock market’s V-shaped recovery since April has driven the S&P 500 Index to record highs — yet measured in Bitcoin, the benchmark is still down significantly this year, underscoring the digital asset’s strong outperformance. On Thursday, the S&P 500 Index closed at a record high of 6,280.46, extending its year-to-date gain to 7%. However, when measured in Bitcoin (BTC), the large-cap index is down 15% so far in 2025, according to market commentator The Kobeissi Letter. Citing data from Bitbo, The Kobeissi Letter also pointed out that the S&P 500 has dropped a staggering 99.98% against Bitcoin since 2012. Read more
ETH, HYPE, UNI and SEI rallied toward new highs as Bitcoin pushed above $118,000. Key points: Bitcoin remains strong as long as it stays above $110,530. Bitcoin breaking to new all-time highs has attracted buying in select altcoins such as ETH, HYPE, UNI and SEI. Read more
Bitcoin’s latest rally sparked a reaction from Peter Schiff, urging a switch to silver, while others were more bullish than ever. Longtime Bitcoin critic and gold advocate Peter Schiff said the latest BTC rally may be a selling opportunity for investors to buy silver instead. “With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” Schiff said in a Thursday X post as Bitcoin (BTC) put on its moon boots again and set new highs above $112,000. He claimed that silver has more upside potential than Bitcoin and added that while BTC “can easily crash, silver’s downside seems very limited.” Read more
Bitcoin's market structure and the recent rally to new highs suggest an accelerated phase of price discovery has just begun. Key point: Bitcoin’s momentum continues to accelerate above $113,000, leading traders to predict a rally to $150,000. Bitcoin (BTC) made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in the next two months. Read more
Soaring capital inflows and an uptick in Bitcoin wallets identified as “accumulators” suggest BTC price is on a path to $130,900. Key takeaways: Bitcoin rallied to $113,800 as onchain data shows a 71% surge in the BTC holdings of accumulator addresses. Bitcoin’s MVRV metric suggests that meaningful profit-taking may not begin until BTC hits $130,900. Read more
While headlines focus on giants like Strategy and Tesla, companies like Aker ASA, Méliuz and Rumble have quietly added BTC to their balance sheets. While companies like Strategy and Tesla made headlines, many others have discreetly added Bitcoin to their treasuries. Firms use Bitcoin to hedge against inflation, fiat devaluation and macroeconomic shocks. Its fixed supply, digital scarcity and 24/7 liquidity make it appealing. Firms like Arkham and Glassnode trace Bitcoin ownership through address clustering and timing correlation. Read more
Bitcoin price set new highs above $113,800 as stablecoin reserves surged and retail investor-driven selling subsided. Key takeaways: Bitcoin price hit new highs as a stablecoin liquidity metric pointed to fresh capital flowing into BTC. Retail investor inflows dropped while Binance’s market share surged past 49%, highlighting institutional investors’ role in driving the rally. Read more