Trump Crypto Buyers Face $3.8B in Losses as TRUMP Token Plunges 96%

Bitcoin Surpasses $63,000, Recovering June Losses in Holiday Trading

Bitcoin climbed above $63,000, reaching its highest level in over a month. The rally came during reduced trading activity on July 4, a U.S. public holiday. The move effectively reversed losses that the cryptocurrency had accumulated toward the end of June. XRP led gains among major cryptocurrencies, rising approximately 5% within a 24-hour period.

Experts divided on proposal to freeze Satoshi's 1.1M BTC amid quantum computing fears

Binance founder Changpeng Zhao has proposed freezing the approximately 1.1 million bitcoin believed to be held by Bitcoin creator Satoshi Nakamoto. The suggestion comes amid growing concerns that advances in quantum computing could eventually allow bad actors to crack early Bitcoin wallet encryption. Zhao argues that preemptively locking these coins would protect the network from a potential quantum-enabled theft. However, the proposal has sparked disagreement within the Bitcoin community, with experts split on whether such an intervention is necessary or appropriate.

Bitcoin's Lag Behind Record Stocks Seen as Temporary, Analysts Say

Bitcoin has been underperforming record-high stock markets, but analysts believe this divergence is unlikely to persist. Researchers from Schwab and Hashdex suggest that artificial intelligence investments have drawn capital away from digital assets, contributing to bitcoin's relative weakness. Despite this, bitcoin is reportedly following a recognizable recovery pattern that typically emerges after its halving events. Analysts therefore expect bitcoin to realign with broader market performance as the post-halving cycle progresses.

Europe led on crypto regulation. Now implementation must match ambition