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Crypto

Bitcoin slides despite U.S. stock market records as miners shift to AI and crypto bills stall

Bitcoin has continued to weaken even as U.S. stock markets rise, raising questions about its recent co-movement with traditional markets. It failed to break the $78,000 resistance level and fell further. Miner selling and a shift of funds into AI data centres and high-performance computing are cited as factors, along with a large transfer by Trump Media & Technology Group. Delays in U.S. crypto legislation and fading liquidity expectations also weigh.

Crypto

ETH and SOL treasury firms Sharplink, Forward set to join Russell indexes

Two U.S.-listed companies holding Ethereum and Solana as core assets have been placed on a preliminary list for inclusion in Russell indexes. CoinPost reported Sharplink and Forward Industries are set to join the Russell 2000 and Russell 3000 on June 29. Sharplink holds 868,699 ether worth about $1.8 billion, while Forward’s Solana holdings were put at about $585 million. Executives said index inclusion could broaden their shareholder base and improve liquidity.

Crypto

Bitcoin slips below $79,000; can bond outflows drive rebound?

Bitcoin slid below $79,000 over the weekend amid macroeconomic instability and uncertainty surrounding the Iran war. Cointelegraph said bitcoin has moved similarly to the Russell 2000, as markets assess it as a risk asset rather than a safe haven. Demand for leveraged bullish bets in derivatives was weak, with funding rates near zero. Rising oil prices and higher bond yields added pressure, though outflows from fixed income could later support a rebound.