Crypto World
Bitcoin RSI Hits a Key 2026 Level as BTC Outlook Shifts: Weekly Wrap
Bitcoin is heading toward the end of June with traders focused on a potential make-or-break area near $60,000—an important level that bulls have struggled to defend as bearish momentum has carried into the second quarter. At the same time, several widely watched momentum and onchain signals are flashing early “stabilization” clues that could complicate the bearish narrative.
Technical traders point to bullish divergences in RSI across multiple time frames, while onchain analytics from CryptoQuant highlights a “first bottoming flag” tied to how broadly Bitcoin’s unspent outputs remain in profit versus loss. Separately, macro traders are preparing for a tight window of economic releases—especially the U.S. manufacturing PMI—and the market’s sensitivity to U.S. labor data and geopolitical developments.
Key takeaways
- RSI divergences are appearing across several time frames in Bitcoin’s charts, an indication that selling pressure may be losing traction.
- June’s performance has been weak—CoinGlass data cited in the report shows nearly a 19% loss for BTC/USD in June, its worst since the 2022 bear market.
- Traders are comparing the current $60,000 test to prior bear-market behavior, arguing that support often breaks only after repeated attempts.
- CryptoQuant says a UTXO profitability indicator is at its lowest level since 2022, suggesting an early stage of internal “market clean-up.”
- Seasonality research cited by traders suggests July has historically been a better month than June in many years, though outcomes can vary.
RSI divergences revive recovery odds as June nears its close
As June approaches its end, analysts and traders are watching whether Bitcoin can hold a key structural level. According to TradingView data cited in earlier coverage, RSI signals across multiple time frames are showing bullish divergences—instances where price behavior and momentum diverge in a way that historically can precede reversals or at least a pause in decline.
Cointelegraph previously reported that RSI cues across time frames are aligning into bullish divergences with price as June ends. The article also referenced a comment from Bitcoin whale “Gerla” (CryptoGerla) on X, saying the four-hour chart is showing a bullish RSI divergence while a potential double bottom forms.
Other traders have emphasized that such divergence signals have not consistently appeared in prior dips during 2026. Pseudonymous commentator “Heisenberg” noted on X that recent oversold RSI divergences had not shown up in the same way during earlier drops—until the current setup—suggesting the present decline may be maturing rather than simply accelerating.
Still, the presence of divergences is not the same as confirmation. The same coverage points out that $60,000 has increasingly acted as resistance, with bulls unable to push through decisively—an issue that keeps traders wary of a breakdown scenario heading into month-end.
Why $60,000 matters: the “mid-2022” support test comparison
One reason traders treat the $60,000 level as more than just a psychological number is historical patterning. In the source reporting, commentators compared the current situation to 2022, when Bitcoin repeatedly interacted with the $30,000 area before it finally failed and later produced a bear-market low.
CoinGlass data cited in the article places Bitcoin’s June drawdown at nearly 19% for BTC/USD—described as the worst since the 2022 bear market and the sharpest performance so far this year. That framing matters because it puts current price weakness into context: the market is not just drifting lower, it is experiencing a month that resembles the intensity of prior major risk-off phases.
On X, commentator “Exitpump” argued that significant support and resistance levels rarely break on the first attempt, often requiring repeated tests before momentum flips decisively. The same post likened the current $60,000 dynamics to the way $30,000 behaved earlier in the 2022 cycle. Importantly, the argument here is conditional: even if June is fragile, it may not be a single-day event that determines the next trend leg.
Macro pressure points: PMI, labor data, and geopolitical risk
Even with technical setups improving, Bitcoin’s short-term direction often depends on what happens in U.S. economic data. The source highlights a “short but busy” four-day trading week ending Q2, with the manufacturing PMI as a potential swing factor.
According to the report, the Institute for Supply Management (ISM) is set to publish the manufacturing Purchasing Managers Index (PMI) on Wednesday. The source notes that the PMI has been breaking out from a multiyear downtrend and that estimates call for a score around the mid-50s, with a possible mild decrease versus the prior month. In prior coverage, Cointelegraph had described PMI strength as a potential tailwind for crypto markets.
Thursday’s June nonfarm payrolls report is another key focus. As trading resource The Kobeissi Letter summarized in a thread on X, the market is also set to react to geopolitical developments as the U.S. and Iran agree to discuss their fragile peace agreement. The same note tied the week’s schedule to the end of Q2, with earnings season on the horizon—factors that can amplify cross-asset volatility.
The report also stresses that Bitcoin’s correlation with equities has been inconsistent in recent months, and it includes an example of trader Daan Crypto Trades pointing to BTC versus the S&P 500 returning to a level seen during earlier risk-stress periods. That matters for investors because it implies the market may not be moving in a straight line with stock indices—meaning both crypto-specific and macro drivers can compete.
Seasonality and “first bottoming flag” signals: early stabilization vs. full reversal
Two separate narratives are being used to explain why July could look different from June. The first is historical seasonality. The source cites research shared by Rekt Capital on X, arguing that in previous years July has often offset June’s weakness—sometimes followed by August weakness that cancels July’s upside. CoinGlass data referenced in the article supports this pattern by showing only a few exceptions since 2013, while 2025 is noted as a case where both months finished green.
The second narrative is onchain. The report highlights a CryptoQuant QuickTake post by contributor I. Moreno, who described an “early clear sign” of deeper market clean-up. Moreno focuses on the UTXO Block P/L Count Ratio Model, an indicator that compares how blocks of unspent outputs are distributed between profit and loss across the network.
In Moreno’s explanation as quoted in the source, a high ratio can indicate many UTXO blocks still sit in profit—often associated with higher distribution risk. When the ratio falls toward lower ranges, profitability compresses, losses spread more widely, and the market enters a more advanced reset phase.
The report states that the ratio is currently 5.9, described as the lowest since 2022 and one of the lowest readings on record, which Moreno called Bitcoin’s “first bottoming flag” of the current bear market. However, the same source cautions that this may only indicate the start of internal reset rather than the completion of a full bottom—history suggests additional stress absorption may still be required.
What this combination of signals implies is not certainty, but a shift in balance: momentum indicators are improving at the same time an onchain metric suggests distribution pressure may be moving into an earlier phase of exhaustion. The unresolved question is whether $60,000 holds long enough for those signs to translate into a sustained reversal.
Going forward, traders and investors should watch month-end price acceptance around $60,000, the immediate reaction to U.S. PMI and labor data, and whether the RSI divergences persist as July starts—alongside onchain follow-through on the “bottoming flag” theme highlighted by CryptoQuant.
The first half of 2026 was the most active six months for crypto exploits on record.
This is according to a new report from Blockaid, which shows hackers stole $1.1 billion across 212 incidents.
Crypto Hacks Top $1.1B in H1 2026
The Blockaid report found that four major incidents involving KelpDAO, Drift, Resolv, and CoW Swap made up roughly $707 million of the total losses.
KelpDAO suffered the largest loss, after hackers stole $292 million worth of crypto by faking a cross-chain message that siphoned off the protocol’s Ethereum reserves. Drift Protocol, a perpetuals exchange built on the Solana chain, also suffered a similarly huge hit, as it was exploited for $285 million within 12 minutes.
Blockaid linked both cases to TraderTraitor, a state-sponsored North Korean subset of the larger Lazarus Group. Humanity Protocol’s $32 million loss was also connected to the same attacker cluster, bringing DPRK-linked losses to $609 million, which is about 55% of all funds stolen during the period.
The pace of attacks also increased through the year, with monthly incidents going from 18 in January to 57 in June. April proved to be the most painful month, as the KelpDAO and Drift Protocol hacks wiped out a combined $577 million to push total losses in that month to $635 million.
Privileged key misuse was the most costly attack type in the first half of 2026, with losses of approximately $790 million, or close to three-quarters of all funds stolen in the period, said Blockaid. Unbacked mint exploits came second in value, led by the $80 million Resolve breach. But the hacks at the code level caused the most casualties, accounting for nearly four out of five attacks by count.
Attack Vectors Change as New Threats Emerge
The report named AI agents as a new target after hackers in May used a prompt injection attack to fool Bankr’s AI agent into approving an unauthorized transaction for about $216,000.
Cross-chain bridges also took a major hit, with attackers breaching the verification systems of KelpDAO and Taiko through forged proofs and attestations accepted by the destination chains.
In addition, security teams faced newer attack methods in 2026, with Blockaid identifying four incidents involving EIP-7702 wallet delegation attacks, where a wallet can hand control to a smart contract. Legacy smart contracts also continue to be a common vulnerability, with data showing around five cases in May and June, including two involving Aztec Connect and one targeting Raydium’s AMM V3.
Recent incidents outside the report period showed the same pressure on crypto infrastructure. For instance, on July 23, AFX Trade, BSquaredNetwork, and Verus were hit in separate attacks on the same day that collectively caused more than $35 million in losses. Recall that Verus had already suffered another exploit about two months earlier, and Blockaid linked both incidents to the same bridge contract and bug class.
Recovery results varied depending on the type of attack. Per the report, code-related incidents sometimes allowed teams to freeze funds or negotiate returns, while attacks involving stolen keys usually ended with the money moving through mixers or cross-chain routes.
The post Crypto Hacks Drain $1.1B in First Half of 2026 Amid 212 Security Incidents appeared first on CryptoPotato.
Holders of Strategy’s (MSTR) high-yielding preferred stock STRC will not see a dividend increase in August.
Led by Executive Chairman Michael Saylor, Strategy is maintaining the current 12% dividend on the shares.
STRC investors may have been expecting as much as a 50-basis-point hike in the dividend as Strategy has customarily raised the payout anytime the stock traded sizably below its par value ($100) for the month.
As recently as July 1, Strategy had lifted the dividend 50 basis points following June’s plunge in STRC to as low as $71.
While that hike — along with Strategy’s sale of some bitcoin to fund dividends, and a bit of stabilization in the price of bitcoin — helped STRC bounce in July to the current $89.46, that level is still significantly below par.
CEO Phong Le yesterday said Strategy’s Corporate Objective is for STRC to trade at $99-$100 over time.
Nevertheless, the company is under no obligation to raise the dividend and chose not to do so this month.
A Friday filing in the U.S. District Court for the Southern District of New York (SDNY) seeks to limit what prosecutors can use in the campaign-finance case involving Michelle Bond, the wife of former FTX Digital Markets co-CEO Ryan Salame.
Bond’s attorneys argued that evidence tied to Salame’s 2023 guilty plea—while relevant to his own conduct—should not be admitted against her because it carries a risk of unfair prejudice and, in their view, offers little direct proof of Bond’s knowledge or intent. The motion also asks the court to factor in details from Bond’s contemporaneous divorce and custody proceedings.
Key takeaways
- Michelle Bond wants the court to exclude evidence and “related plea materials” tied to Ryan Salame’s guilty plea, arguing they are not probative of her state of mind.
- Bond’s campaign-finance charges stem from allegations that contributions to her 2022 congressional bid were influenced by FTX-linked activity facilitated by Salame.
- The SDNY motion also requests inclusion of information about Bond’s divorce and custody proceedings, contending she was not an “ordinary” donor.
- Separately, the CFTC ordered former congressman George Santos to pay $35,000 in total—$17,500 in penalty and $17,570 in disgorgement—over trades connected to Kalshi prediction market event contracts.
- A soldier accused of making more than $400,000 on Polymarket event contracts linked to a military operation asked the SDNY court to dismiss charges, citing ambiguity in how “swap” definitions apply to event contracts under the Commodity Exchange Act.
Bond asks SDNY to keep Salame’s guilty plea out of her case
Bond faces campaign finance charges tied to her unsuccessful 2022 congressional run in New York. According to the criminal allegations, contributions to her campaign were partly funded through FTX-related channels that were facilitated by her husband, Ryan Salame.
In the latest SDNY filing, Bond’s legal team asked the court to preclude prosecutors from introducing Salame’s guilty plea and related plea materials. The filing points to the core logic of the request: Bond is not being tried for Salame’s admissions, and the defense claims the government’s use of those materials would not meaningfully establish Bond’s guilt, knowledge, or intent.
Bond’s attorneys argued that Salame’s plea is an admission of his own conduct, not evidence about Bond’s mental state or participation in the charged offense. They said the materials’ probative value is substantially outweighed by the risk of unfair prejudice to Bond.
Prosecutors are expected to weigh heavily on the narrative connecting alleged campaign funding to the conduct of individuals tied to FTX’s collapse. Bond’s motion, however, signals an effort to narrow what jurors are allowed to consider—particularly evidence that may influence them emotionally or circumstantially rather than strictly proving the elements of the charges against her.
Why the defense is raising divorce and custody proceedings
Alongside the evidentiary dispute over Salame’s plea, Bond’s filing also requested that the court include information related to Bond’s divorce and custody proceedings that were underway around the same time as the alleged crime.
Bond’s lawyers’ position is that the circumstances of her family life affect how her campaign-related donor status should be viewed. The filing argues that Bond should not be treated as an ordinary individual donor solely because she is facing personal charges in connection with her political bid, even if she and Salame were not married at the time of the alleged conduct.
Whether and to what extent these family-law details will be admissible is likely to be a key procedural issue. It can shape the tone and framing of the case—especially if the government seeks to portray the campaign finances as closely connected to Salame’s network rather than to Bond’s independent circumstances.
George Santos ordered to pay over Kalshi predictions market trading
In a separate development involving prediction markets, the U.S. Commodity Futures Trading Commission (CFTC) ordered former New York representative George Santos—who was expelled from Congress in 2023—to pay a total of $35,000. The figure breaks down into a $17,500 civil monetary penalty and $17,570 in disgorgement of profits.
The regulator said the action was tied to Santos trading on event contracts on Kalshi connected to whether he would attend the 2026 State of the Union address in Washington, DC. The CFTC stated that Santos made social media posts about his plans to attend or not attend the event and that those posts contained “material misrepresentations and omissions.”
According to the CFTC, after the posts, the contract prices moved in a way that became favorable to Santos’ positions and allowed him to make more than $17,500.
As part of the same order, Santos was barred from trading on prediction market platforms for three years. The order also comes against the backdrop of criminal proceedings: Santos was sentenced to 87 months in prison for wire fraud and aggravated identity theft in 2025, but served only three months before his sentence was commuted by U.S. President Donald Trump, as noted in earlier reporting.
Polymarket insider-trading allegations head toward dismissal arguments
Another SDNY filing, this time from the defense of Gannon Ken Van Dyke, challenges the legal foundation of allegations that he profited from Polymarket event contracts using nonpublic information.
The U.S. Justice Department says Van Dyke was involved in a military operation connected to the removal of Venezuelan President Nicolás Maduro in January, and prosecutors allege he later used insider information to bet whether Maduro would be removed from power—leading to criminal charges announced in April. The defense filing argues Van Dyke is facing accusations involving more than $400,000 in alleged profits from Polymarket event contracts.
Van Dyke’s attorneys filed a 51-page memo supporting a motion to dismiss the indictment based on multiple legal theories. One focus is the Commodity Exchange Act’s treatment of event contracts as “swaps,” which the defense characterizes as ambiguous.
While the CFTC under Chair Michael Selig has asserted that the agency has “exclusive jurisdiction” over prediction markets by treating event contracts as “swaps,” Van Dyke’s lawyers say the uncertainty itself is enough to dismiss at least some charges. In the filing, they argue that if lawmakers, executive agencies, and courts consider the “swap” definition ambiguous, then ordinary citizens cannot reasonably have fair notice that prediction market wagers fall under the CEA.
The case is expected to proceed on a timeline that could lead to trial in late 2026 or early 2027, based on a schedule submitted in June, and Van Dyke has pleaded not guilty to all charges.
The defense’s arguments also extend beyond Van Dyke’s personal exposure. The filing suggests the ruling could matter for lawmakers and government officials who have used prediction markets in connection with political events or public statements. Earlier coverage referenced by the filing indicates that Trump’s teleprompter operator reportedly placed more than $100,000 in bets on Kalshi event contracts tied to presidential speeches, underscoring how prediction markets can draw interest from political circles.
Across these cases, courts are being asked to decide what evidence is fair game, what definitions govern crypto-adjacent instruments, and how much clarity regulators must provide before individuals can be held criminally liable—issues that could determine how future crypto and prediction-market enforcement plays out.
Wife of former FTX executive seeks to preclude her husband’s guilty plea
In a Friday filing with the US District Court for the Southern District of New York (SDNY) over campaign finance charges, Michelle Bond’s legal team asked the court to consider precluding evidence related to former FTX Digital Markets co-CEO Ryan Salame, her husband who is currently serving a 90-month sentence after he pleaded guilty in 2023.
Bond faces campaign finance charges alleging that her unsuccessful 2022 congressional run in New York was partially funded by contributions from FTX facilitated by Salame. As part of the filings this week, Bond asked the court to exclude evidence of her husband’s guilty plea and “related plea materials,” in which the former executive admitted to making “political contributions in [his] name that were funded by transfers from the bank accounts” of an entity tied to FTX.
“The Court should preclude the government from introducing or referring to Mr. Salame’s guilty plea or any related plea materials, because their minimal probative value is substantially outweighed by the risk of unfair prejudice to Ms. Bond,” said the filing.
Bond’s lawyers added:
“[…] Mr. Salame’s plea materials lack any probative value as to Ms. Bond’s guilt, knowledge, or intent. Mr. Salame’s plea is an admission of his own guilt, not evidence of Ms. Bond’s state of mind or participation in any charged offense.”
The motion also requested the court include information related to Bond’s “contemporaneous divorce and custody proceedings,” arguing that though she and Salame were not married at the time of the alleged crime, the former FTX executive was not an “ordinary ‘individual’ donor” contributing to her campaign.
Related: US Senate unanimously adopts resolution opposing clemency for SBF
The criminal case is one of the latest involving individuals tied to the defunct crypto exchange following its 2022 collapse. Salame, former FTX CEO Sam Bankman-Fried and former Alameda Research CEO Caroline Ellison were all sentenced to prison for their role in the misuse of customer funds and related charges.
Former congressman ordered to pay $35,000 over Kalshi bet
George Santos, a former New York House representative who was expelled from Congress in 2023, was ordered to pay a $17,500 civil monetary penalty and $17,570 in disgorgement from profits earned over bets placed on prediction markets platform Kalshi. The order from the US Commodity Futures Trading Commission (CFTC) stemmed from Santos trading on event contracts betting on his appearance at the 2026 State of the Union address in Washington, DC.
“While buying and selling positions in this market, Santos posted on social media about his plans to attend or not attend the SOTU,” said the CFTC. “In his social media posts, Santos made a series of material misrepresentations and omissions about whether he would attend the SOTU. After these posts, the SOTU contract prices moved in a direction that was favorable to Santos’ positions which allowed him to make over $17,500.”
February X post about his State of the Union attendance. Source: George Santos
Santos is barred from trading on prediction market platforms for three years as part of the order. He was also previously sentenced to 87 months in prison for wire fraud and aggravated identity theft in 2025, but served only three months before his sentence was commuted by US President Donald Trump.
US solider accused of making $400,000 Polymarket bet seeks to dismiss charges
Gannon Ken Van Dyke is a US soldier who faces charges for allegedly making more than $400,000 on Polymarket event contracts using nonpublic information tied to a military operation involving the removal of Venezuelan President Nicolás Maduro in January. He was involved in the operation removing Maduro, according to the US Justice Department, and allegedly used insider information to bet whether the Venezuelan president would be removed from power, leading to criminal charges in April.
In a Friday SDNY filing, Van Dyke’s legal team filed a 51-page memo in support of a motion to dismiss the indictment based on different legal theories, including that the Commodity Exchange Act (CEA) at the center of three of the charges was “ambiguous” in treating event contracts as “swaps.”
Although the CFTC under Chair Michael Selig has claimed that the agency has “exclusive jurisdiction” over prediction markets on the basis that event contracts are treated as “swaps,” Van Dyke’s lawyers said the lack of clarity was sufficient to dismiss some of the charges.
“If Congress, executive branch agencies, and courts all find the ‘swap’ definition ambiguous, how can ordinary citizens have fair notice that prediction market wagers are covered by the CEA?” said the filing. “They cannot.”
The case is expected to have significant implications for lawmakers and government officials using prediction markets. Trump’s teleprompter operator reportedly made more than $100,000 using Kalshi event contracts related to the president’s speeches.
Based on a schedule filed in June, Van Dyke is potentially looking at a trial beginning in late 2026 or early 2027. He has pleaded not guilty to all charges.
Magazine: Here’s why the CLARITY Act’s ethics deal may be so hard to reach
The attacker working through Coldcard-generated keys is now emptying wallets worth a few thousand dollars each.
Galaxy Research flagged a third wave of sweeps early Sunday, roughly 208 bitcoin drained from 1,912 addresses between Friday midday and Saturday morning UTC.
That is just over a tenth of a bitcoin per victim. The July 30 opening wave averaged close to a full coin, 1,083 bitcoin from 1,196 addresses in 41 minutes.
Observed losses across all three waves now total 1,367 bitcoin, nearly $89 million, from 4,585 addresses.
Wave three sends each victim’s coins to its own destination rather than the handful of shared collector addresses that made the first two easy to map, and parks them in pay-to-witness-script-hash outputs, a format that can carry multisignature or timelock conditions, instead of the plain single-key outputs used before.
It batched an average of six victims into each sweep where wave one took exactly one at a time, and it scanned only the default derivation path, the standard branch of the key tree a wallet checks first, instead of testing several branches per seed.
Perhaps due to the quickly re-escalating tension in the Middle East, the cryptocurrency market has posted fresh losses over the past few hours, with BTC dropping to $62,000 after failing to reclaim the $63,000 support during the day.
XRP was not spared, as it just slipped below $1.05. The asset was rejected at $1.20 during the mid-July rally after the favorable US inflation data for June, and eventually lost the coveted $1.10 support. Now, it fights for the last line of defense before the bulls would have to defend the $1.00 zone.
Popular analyst EGRAG CRYPTO outlined the significance of the $1.05 level, calling it the ‘battlefield’ region. Although he noted earlier today that the cross-border token had managed to maintain that level, he acknowledged the predominantly bearish structure of lower highs on the 4-hour chart.
The short-term path of recovery would be a successful defense of $1.05 before XRP can bounce above $1.083 and eventually reclaim the $1.10 level, which now acts as resistance.
EGRAG laid out an even more promising road ahead for the asset if it manages to continue its recovery, with the “major price target” set at $1.30.
However, a decisive breakdown below $1.05 would essentially mean that XRP will head toward the notable liquidity zone at around $1.00, he warned.
Mikybull Crypto also believes XRP has the strength to stage a surprising comeback. The analyst claimed that the asset’s bullish reversal run is currently loading despite the negative outlook.
His long-term chart compares the current market structure with the one from two years ago when XRP was highly compressed at around $0.60. Once it broke out the upper boundary, though, it rocketed to a fresh all-time high within less than a year.
“Before the last run, I screamed for you to buy at a crazy discount. The opportunity is presenting again,” he said now.
History is not on XRP’s side at the moment, though, as August has been quite a painful month for the asset. As reported earlier today, the cross-border token was deep in the red in all four previous editions.
The post XRP Price Dips to ‘Battlefield’ Zone, but Analysts See Major Reversal Opportunity appeared first on CryptoPotato.
Pi Coin (PI) rose 8% on Saturday to $0.0870. The move pushed the token onto CoinGecko’s trending list, days before a hard deadline for Pi Network.
Nodes are the computers that check Pi transactions. The people who run them have until August 11 to install an update. Nodes that miss it get cut off.
Why Pi Coin Is Trending Again
CoinGecko ranked PI second on its trending board on Saturday. Most other coins on that list were falling. Pi Coin was one of the few going up.
The bigger picture is less kind. While PI has gained 7% over the past week, it is still down 25% over the past month. The token is worth about $957 million in total, making it the 67th largest coin.
Trading stayed thin. Pi Network market data shows roughly $8.6 million changed hands in 24 hours.
What the August 11 Deadline Means
Protocol v26 is the latest step in a long chain of updates that started at version 19. Pi says it makes smart contracts safer. It also improves how the network stores data and talks to other blockchains.
“Protocol 26 is a major milestone ahead of the final planned upgrade, Protocol 27. With 8 successful upgrades completed over the past few months, these final two upgrades will bring the network up to date with the latest protocol features, improvements, and functionality,” the team noted.
Follow us on X to get the latest news as it happens
Only node operators need to act. People who mine Pi on their phones do not. Pi lists every step on its node page.
Pi nodes agree on transactions in small trusted groups, a design borrowed from Stellar. The July 22 Protocol v25 rollout added the cryptography that privacy apps need.
Why Pi Coin Rallies Keep Fading
Traders have seen this before. PI jumped 24% ahead of the July 22 update. It handed the gain back once the day arrived. The Protocol 24 mainnet upgrade in June ended the same way.
Zoom out and it looks worse. PI hit a record low of $0.0710 on July 14. It now sits 79% below where it traded a year ago.
New supply is the main drag. PiScan data cited last month showed about 1.71 billion PI unlocking over the next year. That is a heavy load for a market trading under $10 million a day.
Protocol v27 is the last planned update. Whether August 11 shifts the PI price forecast outlook comes down to one thing. Buyers have to show up faster than the new coins do.
The post Pi Coin Defies Market Trend Before Key Deadline: Will the 10% Bounce Hold? appeared first on BeInCrypto.
Who are possible challengers to FIFA President Gianni Infantino?
Infantino was originally expected to easily retain his position at the helm of FIFA in March 2027.
Now, with public calls for review into his leadership, potential rivals may feel emboldened.
“FIFA is full of sharks, and there’s no question that many of them can smell blood. Infantino’s election in 2027, which seemed like a sure bet only a few days ago, is now an open question,” Boykoff says.
Challengers for his role must submit their candidacies by Nov. 18, and there has already been some speculation as to who might make a bid.
Sheikh Salman bin Ebrahim Al Khalifa, president of the Asian Football Confederation (AFC), was defeated by Infantino in 2016, the current administrator’s first term, but he could return a decade later as a frontrunner. He called Infantino’s investment proposal and his failure to consult AFC on it “totally unacceptable,” putting the two publicly at odds.
We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for BTC.
The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency, especially the last four editions.
July Brought Some Gains
Before we explore what happened in July, here’s a brief outlook of the painful June, which set the stage for a rebound during the seventh month of the year. The 2026 edition of June became the most violent in terms of price moves for the cryptocurrency in precisely four years. It tumbled by 20.48% in 2026 compared to 37.28% in June 2022.
As such, it was almost expected that July would be a better month. History was also on BTC’s side as 9 out of the last 11 were in the green. However, the start was actually quite surprising as bitcoin dipped below $58,000 on July 1 for the first time in nearly two years.
The bears quickly lost control, though, and the asset reclaimed the coveted $60,000 level within a day or two. It wasn’t the most volatile of months, but BTC still managed to post some gains and peaked on July 21 at $67,000. This became its highest price tag in two months.
However, it was rejected there despite the softer-than-expected inflation data for June and the fact that the Fed refused to hike interest rates last week. Thus, bitcoin ended the month at under $64,000, which was still a 9% monthly increase.
Your Move, August
As popular analyst Ali Martinez put it yesterday: August hasn’t been kind to bitcoin. In fact, the last four have all been in the red, posting losses of 13.88%, 11.29%, 8.6%, and 6.49%, respectively. The silver lining is that the declines become less violent over time.
The broader August perspective is still deeply negative, though. Only three out of the last 12 editions have been in the green, with 2017 standing out as the most bullish one on record. At the time, BTC rocketed by over 65%, but it was a different time and a vastly different market phase.
For now, BTC enters August 2026 with lots of uncertainty not only within the industry itself, where interest has dwindled lately, but on a macro perspective as well. The war in the Middle East continues, and the one between Ukraine and Russia too, while inflation remains an issue, and Trump’s controversial actions tend to halt each breakout attempt in its tracks.
The post Bitcoin Rebounded in July, but Bears Target an August Pullback appeared first on CryptoPotato.
‘Project Hail Mary’ Fans Shouldn’t Miss This $723 Million Sci-Fi Masterpiece Next Month
OMG BRAD IS BACK!!! HE JUST DROPPED A XRP NUKE…
Can you get stronger without pushing yourself to the limit?
-
Sports6 days agoCommonwealth Games boxing: Jadumani Singh seals dominant 5-0 win over Pakistan’s Sumama Rehman to enter quarter-finals | Commonwealth Games News
-
Business3 days agoWhy Trees Belong on the Risk Register
-
Fashion1 day agoWeekend Open Thread: Wit & Wisdom
-
Tech6 days agoIntel is reversing course and bringing hyper-threading back to its server chips
-
Politics1 day agoMeta enters AI-training agreement with far-right ‘propaganda rag’ Newsmax
-
Politics5 days agoLuke Littler dismantles Gerwyn Price to retain title in Blackpool
-
Crypto World7 hours agoMicroStrategy Post-Earnings CLARITY Act Push Could Add New Catalyst for Its Stock
-
Politics5 days agoThe Part of the Electric Transition Nobody Wants to Discuss
-
Entertainment4 days ago‘Stargate’ Creator’s New Sci-Fi Series Returns for Season 3 Tomorrow
-
News Videos6 days agoBITCOIN JUST ENTERED THIS CRITICAL ZONE…
-
Business4 days agoMajor shareholder moves on Canyon
-
Crypto World7 days agoXRP Ledger adds $2.6B as RWA inflows rank second
-
Politics6 days agoSpain sweeps the board at 2026 World Cup with individual awards
-
News Videos2 days agoBitcoin Enters the 3rd Stage of the Bear Market
-
Crypto World16 hours ago
XRP Ledger v3.3.0 brings five institutional features
-
Entertainment7 days agoSara Gilson Killed By Husband After Viral “Pedophile” TikTok Video
-
Crypto World4 days agoKraken Enables Retail Access to Jersey Mike’s IPO via Tokenized Shares
-
Tech5 days agoNew macOS Sequoia & Sonoma security updates for older Macs
-
News Videos4 days agoClaude: Build Financial Dashboards in Minutes (2026)
-
Politics2 days agoLuke Littler’s dominance sparks GOAT debate
You must be logged in to post a comment Login