Bitcoin news

CryptoQuant says Strategy's new Digital Credit Capital Framework addressed liquidity concerns but lacks a systematic model for timing bitcoin purchases and a disciplined selling framework. Strategy sold 3,588 bitcoin for $216 million and raised $466.7 million via stock sales, boosting its dollar reserve to $3 billion and dividend coverage to 29 months. However, it has not defined when to resume buying or how to sell at cycle highs. CryptoQuant's head of research, Julio Moreno, noted that the persistent discount on STRC stock suggests the market wants to see sustained discipline before fully re-rating the security.

Foundry Digital, the world's leading Bitcoin mining pool operator, is asking its clients to vote on BIP-110, a proposal to temporarily restrict non-monetary data on the blockchain via a soft fork. BIP-110, also known as the 'reduced data temporary soft fork,' would cap arbitrary data in transactions. Supporters argue it preserves Bitcoin as peer-to-peer money, while critics like Michael Saylor and Adam Back say it turns a policy dispute into a consensus change that could invalidate fee-paying transactions. Foundry, which controls about a third of network hashrate, will signal based on miner votes weighted by their 10-day average hashrate. The company starts with a 'No' position and switches to 'Yes' only if voting hashrate exceeds 51%. Non-voters count as 'No'.

Bitcoin fell below $62,500 on Friday as US stocks declined amid US-Iran military strikes and tech earnings disappointments, with Netflix dropping over 10%. The move extended losses by up to 2% daily, with traders describing the market as 'very choppy' and repeating recent patterns. Analyst Rekt Capital noted that Bitcoin flipped its 50-month EMA to resistance, mirroring past bear-market behavior, suggesting the downtrend may be in its final stages. Trader Jelle remained optimistic about a potential relief rally in the coming weeks.

Bitcoin dropped below $63,000 on Friday amid US airstrikes on Iran and a political dispute between Washington and Beijing that drove investors from risk assets. The cryptocurrency traded near $62,800, extending Thursday's slide and falling under its 50-day moving average as global markets sold off, with Japan's Nikkei entering a correction and US futures declining. The sell-off was fueled by geopolitical uncertainty, including US strikes on Iranian bridges and a missile hit on Chabahar port, which pushed oil prices near $79. Separately, President Trump declassified intelligence alleging Chinese election interference, straining relations ahead of a planned meeting with Xi Jinping. However, analysts noted the move was more driven by macro factors than geopolitical hedging. Onchain data signaled buyer resilience: spot Bitcoin ETFs saw $510 million in inflows this month, reversing prior outflows, and large wallets held steady during the strike. Funding rates near zero indicated no crowded leverage, while smart-money long/short ratios remained bullish. Analysts viewed the dip as a short-term flush, with structural support near $50,000-$53,000.

Bitcoin and other major cryptocurrencies fell on Friday after Beijing-based Moonshot AI released Kimi K3, an open-weight coding model that topped Anthropic and OpenAI on a key leaderboard. The model, with 2.8 trillion parameters and a one-million-token context window, is set for full public release on July 27, challenging assumptions that frontier AI capabilities will remain scarce, expensive and U.S.-controlled. Semiconductor stocks also sold off in a 'Kimi moment' echoing the DeepSeek shock. Crypto markets moved in tandem with AI sentiment, with Bitcoin now trading as a leveraged bet on the AI capital cycle rather than on on-chain developments. Analysts note that Bitcoin miners' pivot to AI data centers could be undermined if frontier AI capability becomes freely available.

Bitcoin is trading near $63,000, down about 2% on the day and roughly 47% below its October record, as investors retreat from risk assets. The token failed to hold $65,000 support and dropped to an intraday low of $62,640, breaking below options-related support. According to Glassnode, over 65% of coins flowing into exchanges are from long-term holders realizing losses, a pattern seen in past bear markets. Analysts say the sell-off reflects cooling macro risk appetite and older holders exiting, but note that leverage is not crowded and downside may be limited. A tentative return of ETF buying has not been enough to lift the market, with inflows recovering only marginally after a large outflow. However, some analysts see this as an early sign of institutional demand recovering. Both Glassnode and researchers suggest the heaviest selling may be nearing its end, potentially leading to a 'choppy bottom' for Bitcoin.

US spot Bitcoin ETFs recorded $79.2 million in net inflows on Thursday, extending a three-day buying streak totaling $368 million, according to SoSoValue. Cumulative net inflows rose to $51.2 billion, with assets under management reaching $77.7 billion. The inflows coincided with Bitcoin briefly surpassing $65,000 on Wednesday, the highest since late June. July's flows turned positive after net outflows of $4.51 billion in June and $2.4 billion in May. If sustained, July would be the first month of positive net flows since April.

Bitcoin Ordinals developer Leonidas has proposed a new open-source Bitcoin client called '$DOG Mode' to remove restrictions on Runes and Ordinals transactions. The proposed client would increase the maximum transaction size to 3.9 million weight units from Bitcoin Core's 400,000 WU and lower the dust limit to 1 satoshi from 294-546 sats. Leonidas stated that Bitcoin Core and Bitcoin Knots have enforced rules that Bitcoin itself does not have, and the goal is to attract enough users to force Bitcoin Core to relax its policies. The changes aim to facilitate larger Ordinals inscriptions and reduce the need for transaction padding.

Morgan Stanley has launched spot cryptocurrency trading on its E*TRADE platform, enabling eligible customers to buy, sell, and hold Bitcoin, Ethereum, and Solana through a partnership with Zero Hash, which provides execution and custody. The offering carries a 50-basis-point fee, and crypto transfer functionality is expected later this year. The rollout follows several crypto initiatives by the bank this year, including ETF filings for Bitcoin and Solana, exploration of tokenization, and a money market fund for stablecoin issuers. The move completes plans first disclosed in September 2025 to integrate direct spot crypto trading into the brokerage platform.

T. Rowe Price, one of the largest U.S. asset managers with $1.89 trillion in assets, debuted its first crypto exchange-traded fund on Thursday. The T. Rowe Price Active Crypto ETF trades on the NYSE Arca under the ticker TKNZ and is the first actively managed multi-token spot ETF on the market. It primarily holds Bitcoin (40.75%) and Ethereum (18.42%), along with other assets like Solana, XRP, Hyperliquid, Dogecoin, and BNB. The ETF aims to give investors professionally managed exposure to multiple cryptocurrencies without the complexity of direct ownership. The firm applied for SEC approval last October. The announcement suggests this is the first of several planned digital asset products. The launch comes amid a surge in crypto ETFs following SEC approval of Bitcoin ETFs in January 2024 and Ethereum funds later that year. Under the crypto-friendly Trump administration, regulatory scrutiny has eased, further integrating digital assets into traditional finance.