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Bitcoin touched $63,882 overnight before retreating to around $62,900, per CoinDesk data. Sunday’s high held briefly before sellers pushed it back down.
By Shaurya Malwa, James Van Straten, and Omkar Godbole
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Bitcoin (BTC) is dipping early Monday after Michael Saylor and Strategy (MSTR) announced the sale of 3,588 BTC for $216 million last week.
The amount sold marks a dramatic step up from the company’s initial sale of 32 bitcoin several weeks ago.
Bitcoin has dropped about $1,000 on the news to $61,900.
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SK Hynix (000600) is set for one of the largest IPOs of 2026, with bookbuilding scheduled for July 6-9, pricing on July 9 and Nasdaq trading set for July 10, according to the offering summary.
The memory-chip maker plans a reference price of $158.14, implying a reference market capitalization of about $1.16 trillion. Proceeds will be used to fund capital expenditures and the purchase of extreme ultraviolet (EUV) scanners, reinforcing its leadership in AI memory chips.
SK Hynix shares in Korea have surged 260% this year, driven by booming demand for AI infrastructure and high bandwidth memory (HBM).
The flow of capital into major AI companies and stock offerings will continue to attract investment away from other risk assets, such as bitcoin, which has struggled this year, and is down 50% from its October all-time high.
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Exactly nine months ago, on Oct. 6, Bitcoin reached its all time high of around $126,000. It now trades near $62,500, a roughly 50 percent correction, after falling as low as $57,800.
If the four year cycle continues to hold, a historical pattern in which Bitcoin has tended to move through approximately four year periods of bull markets, bear markets, and recoveries, then the cycle bottom may still be months away, potentially around October.
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LIT, the native token of decentralized perpetuals platform Lighter, has rallied by 13% to $2.50 in 24 hours. That makes it the best performing top 100 cryptocurrency by market value.
The token has gained 31% since Lighter unveiled a tokenomics update on June 30.
The update centers on two main adjustments: Repurchased tokens that are acquired through ongoing exchange revenue will now face permanent burns, directly shrinking supply over time.
“Burns may be executed using undistributed LIT rather than the exact repurchased tokens. This is economically equivalent for LIT holders and allows Lighter to manage treasury operations efficiently and avoid unnecessary costs,” the protocol said in an explainer.
Additionally, staking rewards have transitioned away from temporary bootstrapping funds and will instead draw from Lighter’s remaining ecosystem allocation, with the protocol aiming for an initial 6% annualized yield.
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Monday’s pre-market is seeing a strong rebound across memory stocks, semiconductor names, and the “neo cloud” trade.
SanDisk (SNDK) and Micron Technology (MU) are both up around 3% after falling as much as 14% and 6%, respectively, on Thursday.
Meanwhile, the neo cloud names, including IREN (IREN) and Cipher Digital (CIFR), are each up about 4% as investors buy the dip following the double digit selloff on Wednesday and Thursday.
The price action highlights the ongoing rotation of capital between the high momentum AI and semiconductor trade and crypto-related assets. As money flows back into AI and semiconductor stocks in pre-market trading, Bitcoin has slipped more than 1%, falling below $63,000.
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Bitcoin touched $63,882 overnight before retreating to around $62,900, per CoinDesk data. The 24-hour high of $63,900 held briefly before sellers pushed it back down.
Thursday’s U.S. jobs report came in weaker than expected, giving liquidity-sensitive assets a lift heading into the weekend.
A weakening jobs market makes a Fed hike less likely and gradually shifts the backdrop that pushed ETF investors out of bitcoin through June. That process takes time, and one print does not flip the setup. The July 14 CPI release is the next data point that could either extend the relief or further cap an early-July rally.
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Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Jun 30, 2026
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.
Why it matters:
Zcash’s Tachyon upgrade aims to scale shielded payments, improve quantum readiness, and test whether its funding, security, and governance can hold.