Micah Zimmerman

Bitcoin price plunged from $61,000 to $58,000 in a sharp sell-off this morning.

SBI Holdings will acquire Japanese crypto exchange Bitbank for 46.7 billion yen ($288.6 million), creating Japan’s largest regulated crypto exchange group.

Bitcoin price has plunged below $60,000 after a perfect storm of ETF outflows, hawkish Fed signals, geopolitical inflation fears and shaken market confidence.

Strategy (MSTR) plunged more than 10% to a two-year low near $92 as Bitcoin crashed below $60,000, wiping out billions in unrealized gains.

Law enforcement groups and Catholic leaders warned that the CLARITY Act’s Section 604 could create regulatory and AML loopholes by exempting certain crypto developers and infrastructure providers from money transmitter rules.

Strategy (MSTR) shares fell below $100 for the first time since March 2024 as Bitcoin's drop to around $61,000 left the company sitting on more than $11 billion in unrealized losses.

Bitcoin price has fallen to around $61,500—down more than 50% from its October 2025 peak—dragging crypto-related stocks even lower in the broader market sell-off.

Strive CEO Matt Cole said the company is buying Bitcoin “hand over fist” during the market downturn, with its treasury reaching 19,864 BTC.

BlackRock, the world's largest asset manager, recommends a 1–2% Bitcoin allocation in diversified portfolios, arguing it can enhance returns while maintaining manageable risk.

Congress has scheduled a July 17 hearing in New York on the CLARITY Act as momentum builds for the crypto market structure bill.