Bitcoin price fell below $63,000 as U.S. strikes on Iran and renewed U.S.-China tensions sparked a broader risk-off sell-off, though analysts say resilient onchain data and renewed ETF inflows suggest buyers are quickly stepping back into the market.
A new study found that Polymarket's five-minute Bitcoin contract functioned as a wealth transfer mechanism, funneling money from retail traders to a small group of manipulators while distorting Bitcoin's spot price.
Bitcoin price climbed above $64,000 after cooler-than-expected June inflation boosted expectations for Federal Reserve rate cuts, though sticky core inflation and rising oil prices continue to cloud the outlook.
Standard Chartered reaffirmed its $100,000 end-2026 Bitcoin price target, calling Bitcoin "a screaming buy" and arguing that Strategy's recent sell-off reflects a communication issue around its new monetization strategy rather than a weakening Bitcoin outlook.
Bitcoin slipped to around $62,000 after rebounding from last week's $57,700 low, while CryptoQuant says improving demand, seasonality and valuation support further gains, though its bearish Bull Score Index suggests the move remains a bear-market recovery rather than a full trend reversal.
Bitcoin price climbed back above $60,000 on Wednesday, lifting Bitcoin treasury stocks, with Strategy (MSTR) and Strive (ASST) surging more than 10% intraday.
