According to CryptoPotato, Bitcoin experienced a quiet weekend, fluctuating between $66,000 and $66,500, but failed to break out of the upper limit. Concurrently, altcoins such as AVAX, NEAR, and UNI also saw a downward trend. Bitcoin began the previous business week attempting to surpass the $70,000 mark after a calm weekend. However, the bears quickly intercepted the move, pushing the asset down by four thousand dollars. This occurred ahead of the US CPI numbers and the subsequent FOMC meeting. When the inflation data was released and exceeded expectations, Bitcoin surged back to $70,000. However, the Federal Reserve's decision not to follow the European Central Bank's example in lowering interest rates led to another decline. Bitcoin then fell to a monthly low of $65,000. Despite this, Bitcoin managed to regain some ground by the weekend, rising to just over $66,000. It remained at this level for the next 48 hours, but failed in its attempt to reach $67,000 earlier today. Currently, Bitcoin stands just above $66,000 after a minor retracement. The market cap of Bitcoin remains at $1.3 trillion, and its dominance over altcoins has slightly increased to 51.4%. Following Bitcoin's example, most of the larger-cap altcoins have also turned red. ETH, BNB, and TON have declined by less than 1%, while DOGE, ADA, and LINK have dropped by slightly over a percentage. DOT has managed to defend the $6 support line, while DOGE, AVAX, SHIB, BCH, NEAR, UNI, and IMX have seen significant drops, with IMX falling by up to 7%. FET has lost the most value among the larger-cap altcoins, dropping by 10% to $1.3. SOL, XRP, TRX, and KAS have made insignificant gains. However, the total crypto market cap has lost over $30 billion in a day.

According to Odaily, BounceBit, a Bitcoin Pledge L1 project, has announced that its product strategy is inspired by the investment clock of Merrill Lynch and the all-weather theory of renowned investor Ray Dalio. The strategy includes structured products, fixed income products, loans, insurance, and an integrated risk framework. The project, which operates on platform X, aims to provide a comprehensive financial solution by integrating various investment strategies. By borrowing from the investment clock of Merrill Lynch, BounceBit seeks to time its investments optimally, taking into account the cyclical nature of markets. Furthermore, the project also incorporates Ray Dalio's all-weather theory, which is designed to perform well across all possible economic scenarios. This theory is based on the idea that a well-diversified portfolio can weather any financial storm. In addition to these strategies, BounceBit's approach includes structured products, fixed income products, loans, and insurance. The project also employs an integrated risk framework, which is designed to manage and mitigate potential risks associated with investments. This comprehensive approach to investment strategy positions BounceBit as a promising project in the Bitcoin Pledge L1 space. However, as with all investments, potential investors are advised to conduct thorough research and consider their risk tolerance before investing.

On Jun 17, 2024, 07:12 AM (UTC). According to Binance Market Data, Bitcoin (BTC) has dropped below 66,000 USDT and is now trading at 65,967.632813 USDT, with a narrowed 0.56% decrease in 24 hours.

According to BlockBeats, the BitVol index, a measure of Bitcoin's expected volatility derived from tradable Bitcoin option prices, has dropped to 50.96, marking a daily decrease of 1.24%. The index was launched by financial index company T3 Index in collaboration with options trading platform LedgerX. The BitVol index measures the implied volatility from the prices of tradable Bitcoin options. Implied volatility refers to the volatility implied by the actual price of an option. It is calculated using the B-S option pricing formula, where the actual price of the option and all other parameters except volatility (σ) are substituted into the formula to derive the volatility. The actual price of an option is formed by competition among many option traders. Therefore, the implied volatility represents the market participants' views and expectations of the future market, and is considered to be the closest to the real volatility at that time.

According to Odaily, the Hong Kong Bitcoin Spot ETF was reported to hold 4064 BTC as of June 14. This amount is equivalent to approximately 282 million US dollars. The data was monitored and reported by HODL15Capital. The Bitcoin Spot ETF in Hong Kong has shown a significant holding, reflecting the growing interest and investment in Bitcoin and other cryptocurrencies in the region. This information is crucial as it provides an insight into the current state of cryptocurrency investments in Hong Kong. The data also serves as an indicator of the level of confidence investors have in Bitcoin, given its volatile nature. However, it is important to note that the value of Bitcoin and other cryptocurrencies can fluctuate rapidly, and investors should be aware of the potential risks involved.

According to CNBC, Bitcoin exchange-traded funds (ETFs), which launched in January, are slowly being adopted by financial advisors, says Samara Cohen of BlackRock. Currently, around 80% of Bitcoin ETF purchases are likely made by self-directed investors through online brokerage accounts. The iShares Bitcoin Trust (IBIT) was one of the funds that debuted earlier this year. Cohen, who is BlackRock's chief investment officer of ETF and index investments, mentioned that hedge funds and brokerages have also been buyers, as per last quarter's 13-F filings. However, registered investment advisors have been more cautious. CNBC recently surveyed its Advisor Council to understand their hesitance towards these new products, which offer a regulated and familiar investment product for a new asset class that has attracted significant interest in recent years. The reasons varied from Bitcoin's infamous price volatility to the cryptocurrency being too new to have a substantial track record. Regulatory compliance and the crypto's reputation for fraud and scandal were also concerns for advisors. Cohen referred to these cautious financial advisors as 'wary', stating that their job is to construct portfolios, perform risk analysis and due diligence. Cohen views Bitcoin ETFs as a bridge between crypto and traditional finance, especially for investors interested in allocating to Bitcoin without having to manage their risk across two different ecosystems. Prior to the ETFs, the existing entry points into crypto were insufficient for some investors' needs. Alesia Haas, Coinbase's chief financial officer, stated that Bitcoin is 'on a slow journey of adoption'. Blue Macellari, head of digital assets strategy for T. Rowe Price, suggested that some investors consider a 1% allocation to be a safe, comfortable amount. She sees portfolio allocations into Bitcoin as binary events, either greater than 1% or zero, but also recognized the cautious approach towards adoption.

According to U.Today, Michael Saylor, the chairman of MicroStrategy and a Bitcoin advocate, has made a bold statement that Bitcoin is set to revolutionize and potentially dismantle the existing fiat financial models. Saylor made these remarks at the BTC Prague event, where he highlighted Bitcoin's growing adoption and extraordinary performance as key factors in this transformation. Saylor passionately argued that Bitcoin would render obsolete all existing financial and political models, fundamentally reshaping the systems that have been in place for millennia. He stated, “All your models will be destroyed, your political models, everything we learned over 10,000 years.” He criticized modern statisticians who attempt to make financial projections using outdated methods, comparing them to medieval warriors using bows, arrows, chariots, and elephants in a battle against an adversary equipped with explosives, aircraft, and other advanced weaponry. In Saylor's view, Bitcoin represents this sophisticated and disruptive force in the financial sector. He believes that the current financial system stands no fighting chance to resist the impending change that is certain to occur. Saylor has consistently advocated that investors explore Bitcoin by adopting a disciplined approach to investment. While highlighting the pros, he also warns against the pitfalls of trying to time the market or making large, speculative bets. Saylor maintains that a true understanding of Bitcoin's potential reveals its capacity to disrupt and destroy conventional financial models. He likens Bitcoin's impact to a powerful and unstoppable entity. In a recent post, following Bitcoin's surge to $71,000, Saylor urged investors to “Join the Swarm,” a reference to aligning with the rapidly growing global community of BTC believers and holders.

According to U.Today, Peter Brandt, a seasoned trader in the cryptocurrency world, recently shared a video highlighting a discussion by Jack Mallers, CEO of Strike, at a recent BTC Prague event. Mallers emphasized the importance of understanding the proof-of-work (PoW) concept and the decentralized peer-to-peer (P2P) network that Satoshi Nakamoto, the creator of Bitcoin, envisioned. Mallers provided a detailed explanation of PoW, a key component of the Bitcoin network. He explained how PoW prevents double-spending, ensures consensus, and secures the network by requiring miners to solve complex mathematical problems to validate transactions and add them to the blockchain. In addition to discussing PoW, Mallers also talked about the original Bitcoin concept proposed by Nakamoto. He highlighted how the architecture of the decentralized P2P network reduces the need for a central authority, thereby increasing transparency and reducing the risk of fraud. Mallers' discussion is not just historical but is actively shaping current and future procedures in the cryptocurrency world. The decentralized nature of Bitcoin sets it apart from traditional financial systems. These concepts are crucial for anyone involved in the industry, from developers to traders. Brandt's sharing of this video underscores the importance of these core concepts. His support suggests that even for experienced market players, understanding the fundamental ideas behind Bitcoin is vital. However, the average digital asset user may not be as committed to these core principles laid out by Nakamoto, which could pose future challenges for the industry.

Samara Cohen, Chief Investment Officer of BlackRock ETF and Index Investment, recently emphasized the pivotal role Bitcoin ETFs play in connecting the cryptocurrency world with traditional finance. Her comments provide valuable insights into the evolving landscape of crypto investments and the preferences of various investor segments. Main Points from Cohen’s Statement - Bridge to Traditional Finance: Cohen highlighted that Bitcoin ETFs serve as a crucial bridge for investors looking to allocate to Bitcoin without managing risks across two disparate ecosystems. - Investor Accessibility: She noted that the pre-ETF cryptocurrency market lacked the necessary infrastructure to meet the needs of some investors. - Self-Directed Investors: Approximately 80% of current Bitcoin ETF purchases are attributed to "self-directed investors," those who typically make allocations via online brokerage accounts. - Institutional Adoption: Hedge funds and brokerage firms have also increasingly become buyers of Bitcoin ETFs. However, registered investment advisors (RIAs) remain cautious. - Advisor Concerns: Financial advisors have cited concerns over Bitcoin's price volatility and its relatively short track record, influencing their cautious approach. Implications for the Crypto and Traditional Finance Sectors - Mainstream Integration: Bitcoin ETFs are facilitating the integration of cryptocurrency into traditional financial systems, making it more accessible to a broader range of investors. - Investor Confidence: The availability of Bitcoin ETFs may help mitigate some of the perceived risks associated with direct cryptocurrency investments, thereby enhancing investor confidence. - Market Participation: Increased participation from different investor classes, including self-directed investors and institutional players, signals growing interest and acknowledgement of Bitcoin’s investment potential. - Advisory Hesitation: The cautious stance of RIAs highlights ongoing concerns about cryptocurrency volatility and historical performance, which could influence overall market adoption rates. Samara Cohen’s insights underscore the significance of Bitcoin ETFs as instruments that bridge the gap between cryptocurrency and traditional finance. The cautious optimism in the financial advisory space coupled with growing interest from self-directed investors and institutional buyers indicates a nuanced yet progressively favorable outlook for crypto investments.

According to BlockBeats, the BitVol index, launched by financial index company T3 Index in collaboration with options trading platform LedgerX, saw a minor increase to 51.6 on June 16, marking a daily increase of 1.14%. The BitVol index measures the expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual price of an option. It is calculated using the B-S option pricing formula, by substituting the actual price of the option and all other parameters except volatility (σ) into the formula. The actual price of an option is formed through competition among many options traders. Therefore, implied volatility represents the market participants' views and expectations about the future of the market, and is considered to be the closest to the real volatility at that time.

On Jun 15, 2024, 20:20 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 66,000 USDT and is now trading at 65,929.679688 USDT, with a narrowed narrowed 0.41% increase in 24 hours.

According to CryptoPotato, Bitcoin's price is currently undergoing a correction after failing to make a new all-time high. However, this does not necessarily indicate the end of the bull market. On the daily chart, the price failed to maintain above the $66K level, indicating a correction. Despite recently breaking above a large descending channel, the cryptocurrency has struggled to continue its upward trajectory, resulting in a false breakout. The Relative Strength Index (RSI) has also fallen below 50%, suggesting a bearish momentum. A decline towards the $60K support zone seems likely at this point. The 4-hour chart presents a slightly more optimistic picture. The price has been consolidating within a horizontal channel. Although the market recently broke below this channel, it quickly rebounded back into it. If the price manages to climb back inside the channel, the market could potentially test the higher boundary of the pattern, located around the $72K mark. However, if the channel breaks down, a drop towards the $60K level could be imminent. It's important to note that these analyses do not represent investment advice and individuals are advised to conduct their own research before making any investment decisions.

According to Odaily, the Bitcoin network experienced its longest block time in history, lasting 2 hours and 19 minutes. This event occurred between block heights 689300 and 689301 on July 1, 2021, from 18:27 to 20:46. This is a significant event in the history of Bitcoin, as it marks the longest duration for a block to be added to the blockchain. The block time is a critical aspect of the Bitcoin network's operation, affecting transaction speed and network efficiency. This historical event provides valuable insights into the network's performance and potential areas for improvement. It also serves as a benchmark for future block times, contributing to the ongoing development and optimization of the Bitcoin network.

According to U.Today, MicroStrategy, a business intelligence firm headed by Michael Saylor, has disclosed the pricing of its latest debt offering. The firm aims to raise $700 million by issuing convertible senior notes due in 2032. The raised funds will be used to buy more Bitcoin and cover general corporate expenses. This decision comes after a previous announcement to raise $500 million, suggesting a possible high investor demand that has enabled MicroStrategy to increase the offering. The convertible notes will carry an annual interest rate of 2.25%, payable semi-annually on June 15 and December 15, starting from December 15, 2024. The notes will mature on June 15, 2032, unless they are repurchased, redeemed, or converted earlier. After June 20, 2029, MicroStrategy has the option to redeem the notes for cash under certain conditions, provided the company's class A common stock meets specific price thresholds. Investors will have the choice to convert the notes into cash, shares of MicroStrategy's class A common stock, or a combination of both. The initial conversion rate is approximately 0.4894 MSTR shares per $1,000 principal amount of notes, which translates to an initial conversion price of about $2,043.32 per share. This price signifies a 35% premium over the company's recent stock price. MicroStrategy anticipates the net proceeds from the offering to be around $687.8 million, or up to $786 million if the initial purchasers exercise their option to buy additional notes. The sale will be conducted privately and only to qualified institutional investors.

According to U.Today, Robert Kiyosaki, the financial educator and author of the popular finance management book 'Rich Dad Poor Dad', has made a bullish prediction about Bitcoin's price. He expressed his frustration at the common excuse he hears from people reluctant to invest in Bitcoin, which is that they find it too expensive. Despite the high trading value of Bitcoin, Kiyosaki believes that it will surge even higher. He quoted his book, stating that 'Your profit is made when you buy…Not when you sell.' He also mentioned that many people wish they had bought Bitcoin when it was worth just $10, but those days are long gone. Kiyosaki recently predicted that Bitcoin could reach as high as $350,000 by mid-August or at some point in 2024. However, he clarified that this is not a prediction, but his opinion. He also revealed that he continues to buy Bitcoin, Ethereum, and Solana, not because he is certain of these digital currencies, but because he does not trust the current U.S. government and its fiscal policies. In response to Kiyosaki's tweet, trader and entrepreneur Willy Woo pointed out that the Bitcoin run will end when everyone is invested in it. He revealed that so far, 4.7% of the free capital on the market has been invested in Bitcoin by financial institutions. According to Woo, Bitcoin is currently winning, which he stated is 'exactly what VCs do for emerging tech.'

According to U.Today, cryptocurrency analyst and trader Ali Martinez has reported a significant Bitcoin sell-off recently. Large cryptocurrency whales and miners have reportedly sold Bitcoin worth over four billion U.S. dollars. Data from the Santiment on-chain data agency was used to illustrate this. In the last 10 days, whales have offloaded more than 50,000 BTC, valued at approximately $3.30 billion. Additionally, Bitcoin miners have sold over 1,200 BTC, worth nearly $80 million. These two groups have collectively disposed of over $4 billion worth of Bitcoin. Miners regularly sell BTC to cover operational expenses and cash out profits from the mining business, especially when Bitcoin hits a new local high. Over the past week, Bitcoin, the world's leading cryptocurrency by market capitalization, has seen a nearly 9% drop, falling from $71,655 to $65,228. As of the time of writing, BTC has managed a slight recovery, adding 1.48% and trading at $66,160. Cryptocurrency trader and entrepreneur Willy Woo suggests that old Bitcoin holders, referred to as 'original gangsters' or 'OG', are actively selling BTC. He stated that this pattern is as old as the genesis block and that they sell into every bull market. Despite the sell-off, many large players continue to buy BTC. According to an earlier tweet from Ali, whales withdrew roughly $1 billion worth of Bitcoin from crypto exchanges within 48 hours, equating to 14,140 BTC.

According to CryptoPotato, Bernstein, a prominent brokerage firm, has expressed optimism about Bitcoin's future trajectory despite its recent struggle to reclaim its position above the all-time high of over $73,000. In a recent report, Bernstein analysts revised their long-term price forecast for Bitcoin, predicting it to reach $200,000 by the end of 2025, up from their previous prediction of $150,000. The analysts attribute this bullish outlook primarily to their expectations around the growth of approved and regulated spot Bitcoin ETFs. They anticipate major asset managers such as BlackRock, Franklin Templeton, and Fidelity to continue seeing massive inflows over the next few years. Bernstein estimates that these regulated investment vehicles could collectively hold around $190 billion in assets by 2025, up from the current figure of around $60 billion. The launch of these funds is viewed as a crucial event that will fuel traditional institutional capital into the crypto markets. The analysts predict that spot Bitcoin ETFs may represent around 7% of the total circulating Bitcoin supply by the end of 2025. Bernstein's report also suggests that Bitcoin has entered a new bull market cycle driven by the recent halving event. They expect new catalysts to emerge that will drive demand for the asset. After hitting a cycle-high of $200,000 by 2025, Bernstein predicts that Bitcoin is likely to reach $1 million by 2033. The ETFs designed to track the cryptocurrency are expected to be equivalent to almost 15% of the total supply by the same year. This year, Bitcoin has seen significant institutional funds pouring in. One of the largest institutional holders of the asset is MicroStrategy, whose aggressive accumulation strategy over the past four years has transformed the software firm into a major holder of the cryptocurrency. The firm now holds 1.1% of Bitcoin's total global supply. MicroStrategy announced its plans to offer $500 million aggregate principal amount of convertible senior notes due 2032, the proceeds of which will be used to boost its Bitcoin holdings. If it continues to accumulate Bitcoin over the next few years, Bernstein predicts that the company's holdings could grow to represent 1.5% of Bitcoin's total circulating supply by the end of 2025.

According to Odaily, Max Wadington, an analyst at Fidelity Digital Assets, a subsidiary of Fidelity Investments, has released a video on Youtube discussing Bitcoin Rune. In the video, Wadington provides a brief introduction to the development history and protocol mechanisms of the Rune, as well as its impact on the Bitcoin network. He concluded by stating that he will continue to monitor its development. The Bitcoin Rune, as discussed by Wadington, has a significant influence on the Bitcoin network. Its development history and protocol mechanisms are key aspects that shape its functionality and impact. Wadington's ongoing analysis and monitoring of the Bitcoin Rune's development will provide further insights into its evolving role within the Bitcoin network. This information is crucial for those interested in the workings of the Bitcoin network and the factors that influence its operation. As the Bitcoin Rune continues to develop, it will be interesting to see how its role within the network evolves and what implications this may have for the broader cryptocurrency market.

According to BlockBeats, data from Farside Investors on June 15 reveals that Bitcoin spot ETFs in the United States have experienced a net outflow of $580.6 million this week. The Grayscale Bitcoin Trust (GBTC) accounted for a significant portion of this outflow, with a net outflow of $274 million. On the other hand, BlackRock's iShares Bitcoin Trust (IBIT) saw a net inflow of $41.6 million. This data indicates a shift in investor sentiment towards Bitcoin ETFs, with more investors pulling out than investing in these funds. The significant outflow from GBTC suggests that investors are moving their funds elsewhere, possibly due to market volatility or changing investment strategies. However, the net inflow into BlackRock's IBIT indicates that some investors still see potential in Bitcoin ETFs. It's important to note that these figures represent the net movement of funds, not the total amount invested or withdrawn. The net outflow or inflow is calculated by subtracting the amount of money withdrawn from the amount of money invested. Therefore, even though there was a net outflow, it does not necessarily mean that all investors are pulling out of Bitcoin ETFs. Some are still investing, as evidenced by the net inflow into BlackRock's IBIT.

According to BlockBeats, Bitwise CEO Hunter Horsley expressed on June 15th that the term 'digital gold' is limiting the scope of Bitcoin as an investment asset. Horsley stated that while the image of 'digital gold' has been beneficial for Bitcoin, it possesses many qualities superior to gold, and it is now time to 'break free' from this concept. Horsley's comments suggest a need for a broader understanding and acceptance of Bitcoin's potential beyond its comparison to traditional gold. He believes that Bitcoin's unique characteristics and advantages over gold should be recognized and leveraged in the investment world. This perspective encourages investors to view Bitcoin not just as a digital equivalent of gold, but as a standalone asset with its own unique benefits and potential for returns. Horsley's call for a shift in perception could potentially influence how Bitcoin is viewed and utilized in the investment landscape.