Strategy's preferred shares got their first market verdict on the company's new capital framework, and it was positive, even as Bitcoin kept sliding.

Citigroup has cut its price targets for both major cryptocurrencies again, but the detail that matters is buried under the "downgrade" headline: even the reduced targets still sit well above where Bitcoin and Ether trade today.

June 2026 was a structurally significant month for Bitcoin, not just a down one. The clearest evidence is in the ETF data: spot Bitcoin funds bled capital continuously, without a single positive week.

A UAE-based private bank reportedly used the recent market correction to acquire €120 million in Bitcoin, though the claim lacks independent audit.

Bitcoin's price fell to $58,360 at the time of writing on June 30, down 2.99% on the day, dropping through a multi-day consolidation to retest the same zone that has marked the 2026 low since early June.

Strategy adopted a five-component Digital Credit Capital Framework that, for the first time, formally allows the company to sell Bitcoin under specific, board-controlled conditions.

Bitcoin is once again testing $60,000 as a historically large wave of coins moves onto exchanges and whale signals pull in two directions at once.

Two on-chain signals are flashing together: long-term coins that move are now changing hands at a loss, and the profit/loss ratio of spent coins sits at bear-market lows.

Public companies now hold more Bitcoin than at any point in history, and the more striking part is that some of them kept buying as the price fell.

Bitcoin's 53% drawdown is the mildest in its history, where past cycles fell 80% or more. Yet two other data points complicate that bullish read, and together the three resist a simple answer.

Hunter Horsley, CEO of Bitwise Asset Management, one of the largest crypto-focused asset managers, argues that fixating on the current levels misses the forest for the trees.

Macro investor Raoul Pal has a clear answer to the question hanging over the market: this isn't the end of the crypto cycle, it's the middle of it.