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๐จ Could the Fed send BTC to $50K?
Tomorrow marks the first FOMC meeting under new Fed Chair Kevin Warsh, and markets are on edge. Inflation is heating up again, while Bitcoin has dropped after every Fed meeting since late 2025:
๐ Oct: -30.2%
๐ Dec: -10.0%
๐ Jan: -32.8%
๐ Mar: -13.7%
๐ Apr: -27.7%
The average correction is roughly 23%. If history repeats, BTC could revisit the $50K zone from current levels.
With inflation remaining elevated, markets see virtually no chance of a rate cut tomorrow, while odds of a rate hike later this year continue to rise.
All eyes are now on Warshโs press conference. Investors will be looking for any hint of future easingโbut will they get it? ๐
Tomorrow marks the first FOMC meeting under new Fed Chair Kevin Warsh, and markets are on edge. Inflation is heating up again, while Bitcoin has dropped after every Fed meeting since late 2025:
๐ Oct: -30.2%
๐ Dec: -10.0%
๐ Jan: -32.8%
๐ Mar: -13.7%
๐ Apr: -27.7%
The average correction is roughly 23%. If history repeats, BTC could revisit the $50K zone from current levels.
With inflation remaining elevated, markets see virtually no chance of a rate cut tomorrow, while odds of a rate hike later this year continue to rise.
All eyes are now on Warshโs press conference. Investors will be looking for any hint of future easingโbut will they get it? ๐
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๐ช๐บ Binance could soon face a major setback in Europe
According to Reuters, the crypto giant risks losing access to the EU market if its MiCA license application, submitted through Greece, is rejected in the coming weeks. ๐
Under the EUโs new MiCA regulations, crypto firms must secure a license by the end of June to continue operating across the bloc. Without approval, Binance may be unable to serve European clients starting in July. โ๏ธ
Binance says it has spent the last 18 months working closely with regulators and believes it meets all MiCA requirements, adding that it has not received any official rejection notice. ๐ค
The pressure isn't limited to Binance: by May 2026, only 194 companies had obtained MiCA licenses, while thousands previously operated in the EU. For many firms, July 1 could mark the end of business in Europe. ๐
According to Reuters, the crypto giant risks losing access to the EU market if its MiCA license application, submitted through Greece, is rejected in the coming weeks. ๐
Under the EUโs new MiCA regulations, crypto firms must secure a license by the end of June to continue operating across the bloc. Without approval, Binance may be unable to serve European clients starting in July. โ๏ธ
Binance says it has spent the last 18 months working closely with regulators and believes it meets all MiCA requirements, adding that it has not received any official rejection notice. ๐ค
The pressure isn't limited to Binance: by May 2026, only 194 companies had obtained MiCA licenses, while thousands previously operated in the EU. For many firms, July 1 could mark the end of business in Europe. ๐
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๐คฏ Elon Muskโs net worth is now reportedly larger than Bitcoinโs market cap!
Fueled by the relentless rise of SpaceX shares, Muskโs fortune continues to soar, reaching levels few thought possible. ๐๐ฐ
In a stunning milestone, SpaceX briefly surpassed Microsoft in valuation, becoming the 4th most valuable company in the world. ๐
Hereโs the crazy part: Muskโs net worth changes by roughly ยฑ$6 billion every time SpaceX shares move by just $1. ๐คฏ
While Bitcoin remains the king of digital assets, the fact that one personโs fortune can rivalโor even exceedโits market capitalization is a reminder of how massive todayโs tech empires have become.
From EVs to rockets (and memes too), Musk continues to reshape industriesโand markets are still betting on him. ๐
Fueled by the relentless rise of SpaceX shares, Muskโs fortune continues to soar, reaching levels few thought possible. ๐๐ฐ
In a stunning milestone, SpaceX briefly surpassed Microsoft in valuation, becoming the 4th most valuable company in the world. ๐
Hereโs the crazy part: Muskโs net worth changes by roughly ยฑ$6 billion every time SpaceX shares move by just $1. ๐คฏ
While Bitcoin remains the king of digital assets, the fact that one personโs fortune can rivalโor even exceedโits market capitalization is a reminder of how massive todayโs tech empires have become.
From EVs to rockets (and memes too), Musk continues to reshape industriesโand markets are still betting on him. ๐
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๐บ๐ธ The Trump family may soon get its own โcrypto bankโ in the U.S.
According to reports, World Liberty Financial is highly likely to receive a national trust bank charter, potentially becoming one of the first major crypto firms directly integrated into the U.S. banking system. ๐ฆ
If approved, the company would be able to issue its USD1 stablecoin directly in the U.S. and process payments on its own platformโwithout relying on intermediaries. โก๏ธ
Critics argue this creates an unprecedented conflict of interest, as the presidentโs family reportedly benefits financially from the project. Meanwhile, regulators have been accelerating crypto banking approvals in recent months. ๐
According to reports, World Liberty Financial is highly likely to receive a national trust bank charter, potentially becoming one of the first major crypto firms directly integrated into the U.S. banking system. ๐ฆ
If approved, the company would be able to issue its USD1 stablecoin directly in the U.S. and process payments on its own platformโwithout relying on intermediaries. โก๏ธ
Critics argue this creates an unprecedented conflict of interest, as the presidentโs family reportedly benefits financially from the project. Meanwhile, regulators have been accelerating crypto banking approvals in recent months. ๐
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๐จ Markets are flashing warning signs ahead of todayโs Fed meeting
Bank of Americaโs latest survey of fund managers overseeing $540B shows rising caution: cash allocations climbed to 4.1%, while the Bull & Bear indicator reached 8.9/10โa level often seen as a contrarian sell signal. ๐
The most crowded trade? AI and semiconductors. A record 80% of managers say the global chip trade is overheated, far ahead of the Magnificent Seven (12%) and oil (4%). ๐ค๐ฅ
Top risks cited:
โซ๏ธSecond wave of inflation (34%)
โซ๏ธAI bubble (28%)
โซ๏ธRising bond yields (19%)
Meanwhile, markets expect the Fed to hold rates steady today with near 100% probability. But investors are focused on Chair Kevin Warshโs tone: with inflation still elevated, the next move may no longer be a cutโbut potentially a hike. ๐
History shows markets fear hawkish surprises more than rate decisions themselves.
Bank of Americaโs latest survey of fund managers overseeing $540B shows rising caution: cash allocations climbed to 4.1%, while the Bull & Bear indicator reached 8.9/10โa level often seen as a contrarian sell signal. ๐
The most crowded trade? AI and semiconductors. A record 80% of managers say the global chip trade is overheated, far ahead of the Magnificent Seven (12%) and oil (4%). ๐ค๐ฅ
Top risks cited:
โซ๏ธSecond wave of inflation (34%)
โซ๏ธAI bubble (28%)
โซ๏ธRising bond yields (19%)
Meanwhile, markets expect the Fed to hold rates steady today with near 100% probability. But investors are focused on Chair Kevin Warshโs tone: with inflation still elevated, the next move may no longer be a cutโbut potentially a hike. ๐
History shows markets fear hawkish surprises more than rate decisions themselves.
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โ๏ธ Bitcoin miners are back in the red
With BTC trading below the estimated mining cost of $76K, many miners are reportedly operating at a loss and selling reserves to cover expenses.
The pressure is already showing: BTC inflows to Binance have repeatedly exceeded 10,000 BTC per day, peaking at 12,800 BTCโa pattern last seen before Februaryโs market drop. ๐
Meanwhile, Bitcoinโs hash rate has fallen by 28%, signaling that some miners may be shutting down unprofitable operations.
Why does this matter? Miner selling increases supply during periods of weak demand, often accelerating downside volatility. โ ๏ธ
๐ A move back above $70K could ease pressure and support a recovery scenario.
๐ But as long as BTC remains below its production cost, the risk of further miner capitulation remains.
Historically, however, miner capitulation has often marked the final stages of bear marketsโand periods of deep undervaluation. ๐
With BTC trading below the estimated mining cost of $76K, many miners are reportedly operating at a loss and selling reserves to cover expenses.
The pressure is already showing: BTC inflows to Binance have repeatedly exceeded 10,000 BTC per day, peaking at 12,800 BTCโa pattern last seen before Februaryโs market drop. ๐
Meanwhile, Bitcoinโs hash rate has fallen by 28%, signaling that some miners may be shutting down unprofitable operations.
Why does this matter? Miner selling increases supply during periods of weak demand, often accelerating downside volatility. โ ๏ธ
๐ A move back above $70K could ease pressure and support a recovery scenario.
๐ But as long as BTC remains below its production cost, the risk of further miner capitulation remains.
Historically, however, miner capitulation has often marked the final stages of bear marketsโand periods of deep undervaluation. ๐
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๐ค The era of hype-driven altcoins may be coming to an end
According to CryptoQuant CEO Ki Young Ju, the days when tokens could pump solely on narratives and promises are over. In todayโs market, only projects with real utility and sustainable business models are likely to survive. ๐
He believes the winners will fall into three categories:
๐น Major ecosystems with real businesses (e.g. BNB, TON/GRAM)
๐น DeFi protocols generating actual revenue (e.g. HYPE)
๐น Projects riding powerful trends like stablecoins, RWA, tokenized stocks, and AI infrastructure ๐
His conclusion is blunt: โ99.9% of altcoins should be rejectedโ
As liquidity becomes more selective, fundamentals may finally matter more than hype. ๐
According to CryptoQuant CEO Ki Young Ju, the days when tokens could pump solely on narratives and promises are over. In todayโs market, only projects with real utility and sustainable business models are likely to survive. ๐
He believes the winners will fall into three categories:
๐น Major ecosystems with real businesses (e.g. BNB, TON/GRAM)
๐น DeFi protocols generating actual revenue (e.g. HYPE)
๐น Projects riding powerful trends like stablecoins, RWA, tokenized stocks, and AI infrastructure ๐
His conclusion is blunt: โ99.9% of altcoins should be rejectedโ
As liquidity becomes more selective, fundamentals may finally matter more than hype. ๐
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๐ A key engine behind Strategyโs Bitcoin buying spree is starting to stall
Michael Saylorโs preferred shares, STRC, have been trading below their $100 par value for the entire month, hovering under $92. That may sound minor, but it has major implications for Bitcoin. ๐
STRC has been Strategyโs primary fundraising tool, helping the company acquire over 112,000 BTCโmore than 13% of its total holdings. ๐ฐ
The problem? As long as STRC trades below par, Strategy cannot issue new shares and raise fresh capital through this vehicle.
To keep buying BTC, the company has recently relied on sales of its common stock (MSTR), including two separate $100M Bitcoin purchases this month.
Meanwhile, Bitcoin has slipped below $63K, its lowest level in a week, while one of its biggest corporate buyers faces growing funding constraints. โ ๏ธ
Michael Saylorโs preferred shares, STRC, have been trading below their $100 par value for the entire month, hovering under $92. That may sound minor, but it has major implications for Bitcoin. ๐
STRC has been Strategyโs primary fundraising tool, helping the company acquire over 112,000 BTCโmore than 13% of its total holdings. ๐ฐ
The problem? As long as STRC trades below par, Strategy cannot issue new shares and raise fresh capital through this vehicle.
To keep buying BTC, the company has recently relied on sales of its common stock (MSTR), including two separate $100M Bitcoin purchases this month.
Meanwhile, Bitcoin has slipped below $63K, its lowest level in a week, while one of its biggest corporate buyers faces growing funding constraints. โ ๏ธ
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Former Ethereum Foundation developer Trent Van Epps warns that Ethereum could face a funding crisis within the next 3โ9 months ๐ง
For years, the Ethereum Foundation has followed a โsubtractionโ strategyโgradually reducing its influence so the network can thrive independently. However, EF still remains a key pillar of legitimacy through its brand, ties to Vitalik Buterin, developer events, and ecosystem coordination.
๐ฐ The bigger issue is funding. After spending much of its ETH reserves on ecosystem growth, EF plans to cut annual spending from 15% to 5% by 2030. Meanwhile, its 4-year Client Incentive Program ended in April 2026 with no replacement announced.
Maintaining client teams, research, and protocol coordination costs around $30M per year. Without a sustainable funding model, Ethereum risks losing experienced developers and slowing progress on scaling, quantum-resistance research, and core network maintenance.
Ethereumโs biggest challenge may not be technologyโit may be funding the people building it. ๐ต๐คฉ
For years, the Ethereum Foundation has followed a โsubtractionโ strategyโgradually reducing its influence so the network can thrive independently. However, EF still remains a key pillar of legitimacy through its brand, ties to Vitalik Buterin, developer events, and ecosystem coordination.
๐ฐ The bigger issue is funding. After spending much of its ETH reserves on ecosystem growth, EF plans to cut annual spending from 15% to 5% by 2030. Meanwhile, its 4-year Client Incentive Program ended in April 2026 with no replacement announced.
Maintaining client teams, research, and protocol coordination costs around $30M per year. Without a sustainable funding model, Ethereum risks losing experienced developers and slowing progress on scaling, quantum-resistance research, and core network maintenance.
Ethereumโs biggest challenge may not be technologyโit may be funding the people building it. ๐ต
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Bitcoin has been declared dead hundreds of times
๐ BTC hits new highs? Media: "It's a bubble."
๐ BTC corrects 30โ70%? Media: "It's dying."
The cycle repeats every few years:
โข 2011 โ bubble โ dead
โข 2014 โ bubble โ dead
โข 2018 โ bubble โ dead
โข 2022 โ bubble โ dead
โข 2025/26 โ guess what? Bubble. Dead. Again.
Yet zooming out tells a different story. Every "death" came at a higher price level than the previous cycle, and every "bubble" eventually became the foundation for the next rally.
The lesson isn't that Bitcoin only goes up. It's that short-term headlines are often driven by emotion, while long-term trends tell a very different story. ๐
๐ BTC hits new highs? Media: "It's a bubble."
๐ BTC corrects 30โ70%? Media: "It's dying."
The cycle repeats every few years:
โข 2011 โ bubble โ dead
โข 2014 โ bubble โ dead
โข 2018 โ bubble โ dead
โข 2022 โ bubble โ dead
โข 2025/26 โ guess what? Bubble. Dead. Again.
Yet zooming out tells a different story. Every "death" came at a higher price level than the previous cycle, and every "bubble" eventually became the foundation for the next rally.
The lesson isn't that Bitcoin only goes up. It's that short-term headlines are often driven by emotion, while long-term trends tell a very different story. ๐
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๐ CryptoQuant reports a rise in the average size of Bitcoin spot orders โ a signal often associated with accumulation by larger investors
Bigger orders entering the market suggest that whales and institutions may be quietly increasing their BTC exposure while seller pressure continues to fade.
Historically, growing spot order sizes tend to reflect stronger conviction from major market participants rather than short-term speculation.
While one metric alone doesn't guarantee a rally, the current trend points to improving market structure and a potentially bullish backdrop for Bitcoin.
Smart money appears to be accumulating while the market remains cautious. ๐
Bigger orders entering the market suggest that whales and institutions may be quietly increasing their BTC exposure while seller pressure continues to fade.
Historically, growing spot order sizes tend to reflect stronger conviction from major market participants rather than short-term speculation.
While one metric alone doesn't guarantee a rally, the current trend points to improving market structure and a potentially bullish backdrop for Bitcoin.
Smart money appears to be accumulating while the market remains cautious. ๐
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Crypto soothsayer
๐ A key engine behind Strategyโs Bitcoin buying spree is starting to stall Michael Saylorโs preferred shares, STRC, have been trading below their $100 par value for the entire month, hovering under $92. That may sound minor, but it has major implicationsโฆ
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๐ค Michael Saylor revealed that the idea for Strategy's STRC preferred shares came from ChatGPT
The new instrument was designed to help Strategy raise capital more efficiently and continue expanding its Bitcoin acquisition strategy.
While some see it as another example of AI boosting corporate innovation, others are asking a fair question:
What could possibly go wrong when a company uses ChatGPT to help design a financial product tied to billions of dollars and a massive Bitcoin bet? ๐
The new instrument was designed to help Strategy raise capital more efficiently and continue expanding its Bitcoin acquisition strategy.
While some see it as another example of AI boosting corporate innovation, others are asking a fair question:
What could possibly go wrong when a company uses ChatGPT to help design a financial product tied to billions of dollars and a massive Bitcoin bet? ๐
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๐ Bitcoin ETF outflows dropped by 87% last week, falling from $1.72B to just $226M
๐ต๏ธโโ๏ธ According to analysts at Hupzy (formerly Spot On Chain), the sharp slowdown suggests that the institutional de-risking wave that pressured BTC in early June may be losing momentum.
While ETF flows haven't turned positive yet, the dramatic reduction in redemptions indicates that selling pressure from traditional finance channels is gradually fading.
For Bitcoin traders, this is an encouraging signal: the worst of the ETF-driven selling could already be behind us. If outflows continue to shrink โ or even flip into net inflows โ ETFs could once again become a source of price support for BTC. ๐ค
The sellers are getting quieter. The next move may depend on whether the buyers return. ๐
๐ต๏ธโโ๏ธ According to analysts at Hupzy (formerly Spot On Chain), the sharp slowdown suggests that the institutional de-risking wave that pressured BTC in early June may be losing momentum.
While ETF flows haven't turned positive yet, the dramatic reduction in redemptions indicates that selling pressure from traditional finance channels is gradually fading.
For Bitcoin traders, this is an encouraging signal: the worst of the ETF-driven selling could already be behind us. If outflows continue to shrink โ or even flip into net inflows โ ETFs could once again become a source of price support for BTC. ๐ค
The sellers are getting quieter. The next move may depend on whether the buyers return. ๐
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๐ The Analyst Consensus Index is currently flashing a Strong Sell signal for Bitcoin
๐ But according to CryptoQuant's CEO, the indicator may be less of an analytical tool and more of a reflection of market sentiment. In fact, its chart closely mirrors the colors of Bitcoin's weekly candles, suggesting that it tends to follow price action rather than predict it.
In other words, when the market turns red, analysts become bearish. When the market rallies, optimism returns.
That's why the index may be better described as a sentiment gauge than a forecasting model. ๐คท
๐ But according to CryptoQuant's CEO, the indicator may be less of an analytical tool and more of a reflection of market sentiment. In fact, its chart closely mirrors the colors of Bitcoin's weekly candles, suggesting that it tends to follow price action rather than predict it.
In other words, when the market turns red, analysts become bearish. When the market rallies, optimism returns.
That's why the index may be better described as a sentiment gauge than a forecasting model. ๐คท
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๐ธ๐ป El Salvador isn't slowing down its Bitcoin strategy
Over the past 7 days, the country added another 8 BTC to its treasury, bringing its total holdings to 7,689 BTC, currently worth around $492.2 million. ๐ฐ
Despite market volatility and criticism from traditional financial institutions, El Salvador continues to steadily accumulate Bitcoin, reinforcing its long-term conviction in the asset.
The purchases may be small compared to corporate giants, but they send a clear message: the country's Bitcoin experiment is still very much alive.
While many investors are waiting for the "perfect" entry, El Salvador keeps stacking BTC โ one purchase at a time.
Over the past 7 days, the country added another 8 BTC to its treasury, bringing its total holdings to 7,689 BTC, currently worth around $492.2 million. ๐ฐ
Despite market volatility and criticism from traditional financial institutions, El Salvador continues to steadily accumulate Bitcoin, reinforcing its long-term conviction in the asset.
The purchases may be small compared to corporate giants, but they send a clear message: the country's Bitcoin experiment is still very much alive.
While many investors are waiting for the "perfect" entry, El Salvador keeps stacking BTC โ one purchase at a time.
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Strategy keeps buying
Between June 15 and June 21, Michael Saylor's company acquired another 520 BTC for $34.9 million, at an average purchase price of $67,068 per coin. ๐ต
Strategy now holds 847,363 BTC โ roughly 4% of Bitcoin's total supply โ acquired for approximately $64.1 billion since 2020. The company's average cost basis stands at $75,651 per BTC.
At the same time, Strategy increased its cash reserves from $1.1 billion to $1.4 billion, strengthening its dollar position despite preferred shares (STRC) continuing to trade below par, limiting the company's ability to raise fresh capital through that instrument.
๐ According to SEC filings, the latest BTC purchase and the additional $300M in cash reserves were fully financed through new MSTR share issuance.
No signs of Bitcoin sales โ just more BTC and more cash on the balance sheet. ๐
Between June 15 and June 21, Michael Saylor's company acquired another 520 BTC for $34.9 million, at an average purchase price of $67,068 per coin. ๐ต
Strategy now holds 847,363 BTC โ roughly 4% of Bitcoin's total supply โ acquired for approximately $64.1 billion since 2020. The company's average cost basis stands at $75,651 per BTC.
At the same time, Strategy increased its cash reserves from $1.1 billion to $1.4 billion, strengthening its dollar position despite preferred shares (STRC) continuing to trade below par, limiting the company's ability to raise fresh capital through that instrument.
๐ According to SEC filings, the latest BTC purchase and the additional $300M in cash reserves were fully financed through new MSTR share issuance.
No signs of Bitcoin sales โ just more BTC and more cash on the balance sheet. ๐
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๐ According to CryptoQuant CEO Ki Young Ju, the era of altcoins pumping simply because Bitcoin is rising may be over
In previous cycles, capital would rotate from BTC into altcoins, fueling massive altseasons. But that dynamic appears to be fading. ๐ณ
Today's market is far more selective. Liquidity is concentrated in a smaller number of assets, institutions are primarily focused on Bitcoin, and many altcoins struggle to attract meaningful capital despite BTC's strength.
This doesn't necessarily mean that altseasons are gone forever โ but the days when almost every coin rallied after Bitcoin may be behind us. ๐คท
The new market reality could be simple:
๐ Bitcoin goes up.
โ Not every altcoin follows.
Going forward, narratives, fundamentals, and real user demand may matter more than ever. ๐
In previous cycles, capital would rotate from BTC into altcoins, fueling massive altseasons. But that dynamic appears to be fading. ๐ณ
Today's market is far more selective. Liquidity is concentrated in a smaller number of assets, institutions are primarily focused on Bitcoin, and many altcoins struggle to attract meaningful capital despite BTC's strength.
This doesn't necessarily mean that altseasons are gone forever โ but the days when almost every coin rallied after Bitcoin may be behind us. ๐คท
The new market reality could be simple:
๐ Bitcoin goes up.
โ Not every altcoin follows.
Going forward, narratives, fundamentals, and real user demand may matter more than ever. ๐
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๐ Asian markets erased nearly $800 billion in value at the open as investors dumped tech stocks they had been aggressively buying just a day earlier.
The sell-off hit high-profile names hard. SpaceX fell as much as 16%, closing at $154.6. If the stock drops another $20, Elon Musk could temporarily lose his trillionaire status. ๐คท
Meanwhile, U.S. markets are still asleep, but futures on major indices are already pointing lower, setting up Wall Street for a potential second consecutive day of declines.
For crypto, this is a risk worth watching. A deeper sell-off in equities could trigger another wave of risk-off sentiment across markets, putting additional pressure on Bitcoin and other digital assets.
If the dump continues, BTC could revisit levels below $60K ($62500 now). ๐
The sell-off hit high-profile names hard. SpaceX fell as much as 16%, closing at $154.6. If the stock drops another $20, Elon Musk could temporarily lose his trillionaire status. ๐คท
Meanwhile, U.S. markets are still asleep, but futures on major indices are already pointing lower, setting up Wall Street for a potential second consecutive day of declines.
For crypto, this is a risk worth watching. A deeper sell-off in equities could trigger another wave of risk-off sentiment across markets, putting additional pressure on Bitcoin and other digital assets.
If the dump continues, BTC could revisit levels below $60K ($62500 now). ๐
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Bitcoin to $1 million without a new institutional mania?
That's exactly what early Bitcoin pioneer Adam Back believes.
According to Back, BTC no longer needs a massive new wave of institutional capital to reach seven figures. Retail demand and the steady flow of money through spot Bitcoin ETFs could already be enough to push the price to $1 million per coin. ๐
He expects Bitcoin to hit that milestone before the end of the current halving cycle in 2028 and believes that, in the long run, BTC could even match gold's market capitalization.
Coming from Adam Back, the prediction carries extra weight. The cryptographer is one of Bitcoin's earliest contributors, and some members of the community have even speculated for years that he could be Satoshi Nakamoto. ๐
That's exactly what early Bitcoin pioneer Adam Back believes.
According to Back, BTC no longer needs a massive new wave of institutional capital to reach seven figures. Retail demand and the steady flow of money through spot Bitcoin ETFs could already be enough to push the price to $1 million per coin. ๐
He expects Bitcoin to hit that milestone before the end of the current halving cycle in 2028 and believes that, in the long run, BTC could even match gold's market capitalization.
Coming from Adam Back, the prediction carries extra weight. The cryptographer is one of Bitcoin's earliest contributors, and some members of the community have even speculated for years that he could be Satoshi Nakamoto. ๐
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๐ก Nearly half of the top cryptocurrencies are now outperforming Bitcoin
Over the past three months, 47% of the top 50 coins by market cap have delivered better returns than BTC. Capital is clearly flowing into altcoins โ but it's doing so very selectively. ๐ง
The last time a majority of altcoins outperformed Bitcoin was in September 2025, just before the market's final rally and local top.
Does this mean altseason has started? Not exactly.
The current market looks very different:
๐นInnovative projects are attracting capital and outperforming.
๐นOlder and weaker altcoins continue making new lows.
๐นLiquidity is concentrated in a small group of winners.
The biggest mistake right now may be buying everything and hoping for a broad altseason.
So far, this is a market of selective winners, not a rising tide lifting all boats. Historically, a true altseason begins only when the majority of altcoins start outperforming Bitcoin โ and we're not there yet. ๐
Over the past three months, 47% of the top 50 coins by market cap have delivered better returns than BTC. Capital is clearly flowing into altcoins โ but it's doing so very selectively. ๐ง
The last time a majority of altcoins outperformed Bitcoin was in September 2025, just before the market's final rally and local top.
Does this mean altseason has started? Not exactly.
The current market looks very different:
๐นInnovative projects are attracting capital and outperforming.
๐นOlder and weaker altcoins continue making new lows.
๐นLiquidity is concentrated in a small group of winners.
The biggest mistake right now may be buying everything and hoping for a broad altseason.
So far, this is a market of selective winners, not a rising tide lifting all boats. Historically, a true altseason begins only when the majority of altcoins start outperforming Bitcoin โ and we're not there yet. ๐
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๐งฏ The crypto market has cooled off significantly in 2026
Average fees across major crypto sectors have fallen by 44.6%, while the median decline reached 42.2%, signaling a broad slowdown in on-chain activity and speculative demand.
Some sectors were hit particularly hard:
๐ DEX fees are down 52.5%
๐ NFT marketplaces have collapsed by 82.5%
Despite the sharp decline, the biggest fee-generating sectors remain largely unchanged:
๐ต Layer-1 blockchains
๐ต Decentralized exchanges
๐ต Derivatives protocols
๐ต Lending platforms
๐ต Liquid staking
Average fees across major crypto sectors have fallen by 44.6%, while the median decline reached 42.2%, signaling a broad slowdown in on-chain activity and speculative demand.
Some sectors were hit particularly hard:
๐ DEX fees are down 52.5%
๐ NFT marketplaces have collapsed by 82.5%
Despite the sharp decline, the biggest fee-generating sectors remain largely unchanged:
๐ต Layer-1 blockchains
๐ต Decentralized exchanges
๐ต Derivatives protocols
๐ต Lending platforms
๐ต Liquid staking
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