This article first appeared in Miner Weekly, Blocksbridge Consulting’s weekly newsletter curating the latest news in bitcoin mining and data analysis from Theminermag. American Bitcoin Corp (ABTC), the new proprietary Bitcoin mining carve-out from Hut 8, backed by Eric Trump and Donald Trump Jr., is taking shape as it prepares to go public. The company […]

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For several years, Strategy (formerly MicroStrategy) was the sole public 
company whose modus operandi was buying millions of dollars worth of Bitcoin 
with borrowed capital. These days, several other companies are trying to 
follow in Strategy&#8217;s footsteps. As more companies…

Corporations continue to spawn Bitcoin treasuries— What’s good about them?

At the recent Bitcoin 2025 conference, entrepreneur Jill Ford, founder of 
BitFord Digital, and Justin Rhedrick of the Bitcoin Transformation Community 
unveiled an ambitious new initiative at the intersection of crypto 
infrastructure and social justice. In their session, &#8220;Proof of…

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Over the past few years, a wave of digital asset firms collapsed for a mix of 
reasons—some dragged down by earlier disasters like the FTX and Terraform Labs 
fiascos. Here’s a closer look at a handful of wallets tied to those now- 
defunct ventures and a glimpse at what’s still sitting onchain. Collapsed 
Crypto Entities Still […]

$1.5B in Crypto Still Sits in the Ruins of Firms Like FTX, Terraform, Celsius, and Blockfi

Ripple is making progress in its long drawn legal battle with the US 
Securities and Exchange Commission with plans for a $50 million settlement. A 
joint filing made the headlines following several updates on firms planning to 
raise funds for purchasing XRP and holding it as a treasury asset. Experts 
examine whether it is a “pump and dump” tactic to take advantage of sidelined 
traders or XRP could rally towards a new high in 2025.

Chart of the week: XRP rally to $7 likely with Ripple’s bullish announcements?

Bitcoin is at a crossroads again. Prices have been bouncing between $61,000 
and $104,000 for about seven months. That range looks a lot like the 
$31,000–$64,000 sideways move before the sharp drop in early 2022. Traders and 
analysts are split over whether history is about to repeat itself or if fresh 
demand will keep Bitcoin aloft. Related Reading: Crypto Bloodbath: Over $1 
Billion Liquidated As Iran-Israel Tensions Erupt Price Stuck In Familiar Range 
According to reports, Bitcoin’s stretch from $61k to $104k mirrors the 
2020–2021 “distribution zone” when it traded between $31,000 and $64,000 for 
nearly a year. Back then, the slide came fast: Bitcoin peaked around $69,000 
in November 2021, then sank to roughly $15,600 by November 2022. That was a 
nearly 78% plunge. Breakouts Keep Falling Flat Based on analysis from Michaël 
van de Poppe, Bitcoin tried and failed to stay above the $106k level this 
month. His chart showed a quick rejection at that barrier, triggering 
long‑side liquidations. The price slipped back to the $104k–$105k zone after 
the failed push higher. Traders see each unsuccessful breakout as a warning 
sign of distribution. November 2021 all over again? pic.twitter.com/lIA6QFhD9S 
— Peter Brandt (@PeterLBrandt) June 14, 2025 Risk Of Steep Slide According to 
veteran trader Peter Brandt, strong fundamentals often shine brightest right 
before a market top. He pointed out that if today’s setup leads to a similar 
78% drop from the $105k band, Bitcoin could fall toward $23,600. His simple 
math recalls last cycle’s move from around $69k down to $15,500. Growing 
Demand Meets Technical Barriers Based on reports of spot ETFs and growing buys 
by institutions and governments, some believe the floor is firmer now. Huge 
investment flows into Bitcoin have never been higher. Yet technical hurdles 
remain. The inability to clear $105k makes some analysts cautious. Related 
Reading: $57 Million In Crypto And Counting: Trump’s World Liberty Connection 
Long Term Signals Still Bullish Trader Tardigrade noted that Bitcoin’s 50‑day 
and 200‑day simple moving averages recently formed a golden cross. In past 
cycles, that pattern led to gains of 50%, 125%, and 65%. It points to a 
possible rally if buyers step in around current levels. What It Means For 
Investors Bitcoin’s tug‑of‑war between caution and optimism is clear. On one 
side, pattern watchers warn of a big drop if support breaks. On the other, 
strong hands from big players may cushion any slide and spark a rally. 
Investors should keep an eye on $104k–$105k for signs of weakness or strength. 
A break below could open the door to a move toward $23,500. Conversely, a 
clean break above $106k might signal the next leg up. Regardless, volatility 
looks set to stay high, so risk management remains key. Featured image from 
Imagen, chart from TradingView