Bitcoin Reclaims $60,000 As Ethereum, XRP, Dogecoin Rise After Strategy Unveils BTC Monetization Plan
Strategy MSTR | 0.00 |
Bitcoin climbed back above $60,000 after Strategy Inc. (NASDAQ:MSTR) unveiled its BTC monetization and capital restructuring program, easing near-term concerns and supporting a rebound in crypto sentiment.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $60,134 |
| Ethereum | (CRYPTO: ETH) | $1,616 |
| Solana | (CRYPTO: SOL) | $75.26 |
| XRP | (CRYPTO: XRP) | $1.06 |
| Dogecoin | (CRYPTO: DOGE) | $0.07392 |
| Shiba Inu | (CRYPTO: SHIB) | $0.054302 |
Notable Statistics:
- Coinglass data shows 86,762 traders were liquidated in the past 24 hours for $355.22 million.
- SoSoValue data shows net outflows of $444.5 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $12.9 million.
- In the past 24 hours, top losers include MemeCore, Velvet and Pi.
Notable Developments:
- Robert Kiyosaki Targets $750,000 Bitcoin, $95,000 ETH: ‘It’s Not If, It’s When’
- Bitcoin Holds At $59,000, But 75% Drawdown From The Top Is Still In Play, Wall Street Exec Says
- ‘I Don’t Think The CLARITY Act Is Going To Do It’: Bitcoin Needs Stronger Tailwinds, Expert Says
- Cathie Wood Argues AI Cannot Replace Bitcoin As ‘Insurance Policy’ Protecting Wealth, Says ‘Less Stable’ Countries Will ‘Light Another Fire’ Under BTC
- Tom Lee’s BitMine Buy 27,084 ETH, But BMNR Hits Fresh Lows: What’s Going On?
- CLARITY Act Is Only 50% To Pass In 2026, Galaxy Says: But Do Prediction Markets Agree?
Trader Notes:
Analyst Ted Pillows noted that Bitcoin recorded its first weekly close below $60,000 in nearly two years, signaling a significant technical breakdown.
He also pointed to continued spot Bitcoin ETF selling and the prospect of Strategy selling Bitcoin as additional headwinds, arguing BTC is likely to fall toward $50,000 before eventually rallying to $100,000.
Trader Justin Bennett said Bitcoin’s first weekly close of the year below $60,000 reflects persistent bearish market structure despite expected end-of-month and quarter-end institutional positioning.
A short-term relief rally or bullish reversal is possible.
Expert Benjamin Cowen pointed out that Bitcoin posted a weekly close below its 200-week moving average, calling it another example of the recurring four-year market cycle.
He also noted that the first weekly close below the 200-week moving average during the 2022 bear market likewise occurred in June, suggesting a historical parallel with the current price action.
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