$BITCOIN ADAM BACK SAYS #BITCOIN IS AT “RELATIVELY CHEAP LEVELS” 👀
When fear is high and price action feels weak, long-term Bitcoiners see something different: Opportunity✨
Bitcoin’s fundamentals have not changed: ✅ 21 million supply ✅ Blocks still producing ✅ Institutions, companies, and nations building, buying, and observing
Fear sees downside → Conviction sees discounted scarcity 🟠
Circle ($CRCL ) is down 17.55% today after Open USD $OUSD launched with backing from 140+ partners, including Visa, Mastercard, Stripe, BlackRock, Coinbase, and Google.
$BTC $BNB #BTC & #BNB Performance 👇 Right now on Binance Spot: BTC/USDT: $59,566.00, down about 0.66% over the last 24h 24h high: $60,780.57 24h low: $59,011.00 BNB/USDT: $553.63, up about 0.28% over the last 24h 24h high: $563.16 24h low: $546.17
Quick takeaway: BNB is outperforming BTC on the 24h view right now. BTC had a slight pullback, while BNB is modestly positive.
$BITCOIN $BTC 🚨🚨TRENDING: 🇺🇸🇨🇦 Bitcoin With A ~$1.2 Trillion Market Cap Is Down 52% From Its All-Time High Yet Strategy Coinbase And Oracle Are Down Even More From Their All-Time Highs.
$BTC $BITCOIN BREAKING: Michael Saylor 'Strategy' can now sell #Bitcoin to fund operations.
Strategy has authorized a “BTC Monetization Program” that allows it to sell Bitcoin to fund its $2.55 BILLION USD Reserve and cover preferred stock dividends.
$BITCOIN BREAKING: U.S. spot Bitcoin ETFs have bled over $4 BILLION in outflows in June, marking the worst month on record since they launched in January 2024 📉
BlackRock's IBIT alone lost $444.5M in a single trading session. Total ETF AUM has dropped to $77.5B from a peak of $113B.
$BTC Saylor’s Strategy Responds to Critics With New Plan to Protect BTC Exposure
In response to growing criticism, Saylor's firm, Strategy, has launched a new Digital Credit Capital Framework to strengthen its financial position while protecting its long-term Bitcoin exposure. The company has increased its USD reserve to $2.55 billion, covering over 17 months of dividend and interest payments, and will maintain a minimum of 12 months' coverage.
A new BTC Monetization Program will allow the firm to sell Bitcoin to fund this reserve or repurchase securities, potentially extending dividend coverage to nearly 26 months. Additionally, Strategy has initiated a $1 billion repurchase program for its securities and increased its STRC dividend rate to 12% to support long-term value.
$BITCOIN 🇺🇸 U.S. SECRETARY OF COMMERCE HOWARD LUTNICK SAYS HE BUYS #BITCOIN ON EVERY DIP 👀
Reports indicate that Lutnick holds hundreds of millions of dollars in Bitcoin, making him one of the most Bitcoin-exposed government officials in U.S. history.
This comes as the Trump administration has moved to establish a U.S. Strategic Bitcoin Reserve and explore budget-neutral ways to acquire more Bitcoin for federal reserves.
In plain English: Bitcoin is being bought, held, and discussed at the highest levels of government.