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Crypto

Bitcoin closes June below 200-week moving average; bear market bottom not yet in

Bitcoin finished June trading below its 200-week moving average but above its realised price, raising the possibility of further declines. Cointelegraph reported it fell 20.5 percent in June to close at $58,526, its weakest monthly performance since June 2022. PlanB said past bear market bottoms formed below realised price and saw potential for a drop to $52,000. Other analysts were divided on whether a bottom is near.

Crypto

Bitcoin faces July rebound test after 18.5 percent June slide; $75,000 view also

Bitcoin is down about 18.5 percent in June, raising the risk of its worst monthly return since mid-2022, while markets debate a July rebound versus further declines. Analysts focus on whether the $60,000 support level holds. Some point to heavy short positions in futures and seasonal patterns that have historically made July stronger than June. Others flag technical weakness, including trading below key long-term averages, with $55,000 cited as a possible downside target.

Crypto

Wood stays upbeat on bitcoin despite weakness, says tech stocks cannot replace BTC

Ark Invest CEO Cathie Wood said bitcoin is a distinct asset from artificial intelligence investing and can serve as an insurance policy against risks tied to national currencies. Wood said capital outflows from less stable countries could reignite interest in bitcoin and other digital assets. Recent market moves have shown investor attention shifting to AI-related assets, while bitcoin has fallen sharply and spot bitcoin ETFs have seen sustained outflows. Some institutions say the investment case for bitcoin remains intact.