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After setting a new all-time high (ATH) earlier in the month, the Bitcoin Hashrate has seen a crash. Here’s what this could mean for the asset.

7-Day Average Bitcoin Hashrate Has Plummeted Since The Record

The “Hashrate” refers to an indicator that measures the total amount of computing power that miners have connected to the Bitcoin network for the purpose of mining. The metric’s value is measured in terms of hashes per second (H/s), or the more practical exahashes per second (EH/s).

When the value of this indicator rises, it means the miners are adding more power to the blockchain. Such a trend suggests BTC mining is looking profitable to these chain validators.

On the other hand, the metric going down can imply some of the cohort’s members are coming under pressure, so they have decided to scale back on their facilities.

Now, here is a chart from Blockchain.com that shows the trend in the 7-day average of the Bitcoin Hashrate over the past year:

As displayed in the above graph, the 7-day average Bitcoin Hashrate saw a rapid increase to a new ATH of about 943.6 EH/s on June 15th. Since this peak, however, the indicator has witnessed a sharp reversal. Today, the miners’ computing power amounts to 834.8 EH/s, more than 11% down compared to the record.

Considering the fast decline, it’s possible that miners are feeling financial pressure. And indeed, according to an on-chain model, this group can currently be classified as extremely underpaid.

The miners may also be feeling bearish about the cryptocurrency, considering all the geopolitical events that have occurred since the high in the Hashrate, feeding into market uncertainty.

Miners depend on growth in the asset’s price to improve their margins, so their behavior is often linked to the trend in the coin itself. Sometimes, miners do expand or decommission operations anticipating future action, though these bets don’t always pay off.

From the chart, it’s visible that this isn’t the first time this year that the indicator has seen a quick top followed by a rapid decline. Since April, the metric has now displayed this pattern four times, with the peak setting a slightly bigger record in each instance.

Considering this trend, it’s possible that the latest drawdown may also just be similar, and the 7-day average Hashrate would rebound before long. That said, in the scenario that the decline does elongate beyond the current point, which is already close to the low of the metric’s recent range, then it could potentially signal that a real shift may be taking place among the miners.

Generally, though, miners changing the Hashrate doesn’t impact the Bitcoin price, at least not directly. What a decline can signal, however, is distress among the group, which can force them into selling.

BTC Price

At the time of writing, Bitcoin is floating around $105,100, down 0.3% in the last seven days.

South Korea is on the verge of setting clear rules for stablecoins. Lawmakers are moving fast. If passed, the Digital Asset Innovation Act could reshape how people pay for goods and services. It will also test the strength of banks and card companies.

High Capital Barriers For Issuers

According to reports, any stablecoin issuer must hold at least ₩1 billion (about USD 720 258) in equity capital. That rule will leave small startups on the sidelines. Only big players or deep-pocketed firms will qualify.

The move comes as Democratic Party members on the National Assembly’s Political Affairs Committee prepare to roll out the bill next month. It aims to define stablecoins as “value-stable digital assets” and to lay down clear ground rules.

Pressure On Card Companies

Card providers could feel the squeeze. Based on reports from New Daily Kyungjae, experts warn that stablecoins may weaken the payment base for credit cards. That could threaten the industry’s long-term health.

Card companies are already coping with a rising loan default rate of 1.93% in Q1, nearly brushing against the 2% danger mark. Three of the biggest firms—KB Kookmin, Hana, and BC Card—have already passed 2% this year. Those figures point to trouble if some transactions shift to tokens.

Bank Concerns Rise

The Bank of Korea isn’t sold on stablecoins. It has urged caution and warned that digital tokens might hurt the banking sector. If people start using stablecoins for daily spending, banks could lose fees and deposits.

According to the central bank, that could undercut commercial banking profits. Banks may have to rethink their plans or build their own digital services to keep customers.

Tech Firms Ready To Act

While banks and card issuers fret, tech giants are lining up. Naver and Kakao have been working on blockchain projects for years. They see a chance to plug a won-backed token into their apps and services.

Hyundai HT and Hyundai Mobis are also watching closely. Other names on the list include Kocom, MediaZen, Kaon Media, and Bridgetec. Analysts suggest that a Naver stablecoin, linked with web3 services or even the Line chat app in Japan, could open new markets.

Speculation Hits Stocks And Crypto

Investors have already leapt in before the vote. Home-based crypto and stock markets are abuzz. The shares of companies that have been known to look at stablecoins have surged. That indicates growing enthusiasm. But it also comes with danger—if the legislation becomes stalled or altered, prices might reverse direction.

Featured image from Unsplash, chart from TradingView

Bitcoin is once again at a critical juncture after reclaiming key levels above the $105,000 mark. Over the weekend, BTC experienced extreme volatility triggered by the US military’s strike on Iran’s nuclear facilities, sparking panic across global markets. However, yesterday’s announcement of a ceasefire between Israel and Iran brought relief, fueling a sharp recovery in Bitcoin’s price.

This week is expected to be decisive in determining Bitcoin’s short-term trajectory. While bulls have managed to regain control in the near term, uncertainty remains elevated due to global tensions and macroeconomic headwinds. On-chain data from CryptoQuant provides further insight into current market dynamics. Since mid-April, the Realized Cap of the 0–1 month age cohort has surged by $66 billion.

Despite this selling pressure, Bitcoin has held within a narrow range, suggesting that demand is strong enough to absorb recent profits. If bulls can build on current momentum, Bitcoin could be setting the stage for its next major move. All eyes are now on whether BTC can push beyond $109K to retest all-time highs.

Bitcoin Consolidates As Market Absorbs Profit-Taking Pressure

Bitcoin recently faced intense volatility, plunging to $98,000 before staging a sharp rebound above the $105,000 mark. This recovery comes amid growing concerns about a potential double top formation, which has fueled bearish sentiment among market participants. Despite this psychological pressure, on-chain data continues to show a resilient market structure with no major warning signs of an imminent collapse.

According to top analyst Axel Adler, since April 13, the Realized Cap of the 0–1 month age cohort has increased by $66 billion. This metric reflects significant profit-taking activity from short-term holders who entered positions during the rally. Approximately 720,000 BTC have been sold during this period, adding substantial supply pressure to the market.

However, what’s notable is how Bitcoin has managed to absorb this selling volume without collapsing. Prices have remained largely within a narrow consolidation range, suggesting that buyers are stepping in to match the outflow. This kind of accumulation often signals strength beneath the surface, even when price action appears uncertain.

The broader market is now watching closely to see whether Bitcoin can maintain momentum above $105K and push toward retesting the $109K–$112K resistance zone. Until then, consolidation remains the dominant trend, potentially a calm before the next major move.

BTC Tests Resistance After Reclaiming $105K

Bitcoin’s 4-hour chart shows a strong rebound from the $98,000 lows, with the price currently hovering around $105,300. This move follows a sharp surge in buying momentum that pushed BTC above the key $103,600 support-turned-resistance level. The reclaim of this level, combined with a decisive close above the 50 and 100-period moving averages, signals renewed bullish interest.

Volume has also spiked significantly during the latest bounce, indicating real market participation and not just a short squeeze. However, BTC is now approaching a major confluence zone between $105,500 and $106,000, where the 200-period moving average and a recent horizontal resistance zone converge. This range has acted as a rejection area several times in June, and price action here will determine if BTC can aim for the next resistance at $109,300.

Until BTC breaks above $106K with strong volume, the broader market structure remains neutral to slightly bullish. The higher low formed during the bounce from $98K gives bulls some confidence, but confirmation will come only if price consolidates above the 200-MA and pushes toward the May highs.

Featured image from Dall-E, chart from TradingView

The Federal Housing Finance Agency (FHFA) in the United States is exploring whether crypto assets like Bitcoin and stablecoins could be considered part of the asset base used to determine mortgage eligibility.

The move could significantly impact how financial institutions assess creditworthiness, especially if cryptocurrency becomes formally recognized in the mortgage underwriting process.

SEC Rule Change Paves Way for Crypto Integration

William Pulte, the current director of the FHFA, announced via a post on X that the agency will study the use of cryptocurrency holdings in relation to mortgage qualification.

We will study the usage pf cryptocurrency holdings as it relates to qualifying for mortgages.

— Pulte (@pulte) June 24, 2025

If approved, this would represent a structural shift in the way traditional lending institutions integrate with digital asset markets. The FHFA regulates government-sponsored entities such as Fannie Mae and Freddie Mac, which play a central role in the US mortgage market.

Prior to this development, banks were limited in their ability to provide crypto-backed loans due to US Securities and Exchange Commission (SEC) guidance known as SAB 121.

This rule required publicly listed firms to report crypto held on behalf of clients as liabilities, making it capital-intensive for banks to handle these assets. However, this guidance was rescinded in January 2025, creating a regulatory opening for more expansive crypto integration into financial services, including mortgage lending.

Although crypto-backed mortgages already exist through niche financial companies, they are typically reserved for high-net-worth individuals or tech-savvy investors.

These offerings often involve borrowers securing loans in fiat currency while pledging digital assets as collateral, with strict requirements and the risk of margin calls if asset values fall.

If the FHFA moves forward with including digital currency in mortgage assessments, such services may become more accessible and could be offered by traditional banking institutions.

Potential Policy Implications and Changing Borrower Profiles

Inclusion of crypto holdings in mortgage assessments could have broader implications for both borrowers and lenders. A report released in late 2024 highlighted a trend where some low-income households had been using profits from cryptocurrency investments to pay down mortgage debt.

The same report noted a marked increase in borrowing in areas with high levels of digital currency adoption, suggesting that digital assets are becoming a financial tool across a wider socioeconomic spectrum.

The FHFA has not yet outlined a timeline for implementing any changes, nor has it specified which cryptocurrencies might qualify as eligible assets. However, the agency’s willingness to explore such an option indicates a growing acceptance of digital assets in regulatory circles.

Future policy discussions are expected to focus on risk assessment, asset volatility, and standardized guidelines for valuation. Whether this leads to the emergence of crypto-integrated mortgage products from major US banks remains to be seen, but the discussion signals an evolving view of what constitutes viable wealth in modern finance.

Featured image created with DALL-E, Chart from TradingView

Bitcoin has experienced sharp volatility in recent days, driven by escalating and de-escalating geopolitical tensions in the Middle East. Over the weekend, BTC broke below the key $100,000 psychological level following reports of US military strikes on Iranian nuclear facilities, sparking panic among investors. However, sentiment swiftly shifted when news of a ceasefire agreement between Israel and Iran broke, triggering a strong rally. Bitcoin surged back above $105,000, highlighting the market’s hypersensitivity to global conflict headlines.

Supporting this recovery is data from the UTXO Block P/L Count Ratio Model by CryptoQuant, which offers insight into investor behavior. At the $112K peak earlier this month, the model recorded a spike to 34,000 points, signaling a wave of profit-taking as many holders sold into strength. Since then, the metric has plunged to just 216 points, suggesting that profitable selling has dried up, and a growing portion of transactions are now being realized at a loss.

This shift indicates that sellers have largely stepped aside, and buyers are beginning to take control at these lower levels. As long as Bitcoin maintains strength above $100K, the path forward could favor a more stable recovery.

Bitcoin Eyes Stability After Volatile Surge

Bitcoin is once again at a pivotal moment, having surged more than 7% in under 25 hours to reclaim higher price levels above $105,000. While the bounce has renewed bullish hopes, Bitcoin remains firmly within the consolidation range that has defined price action since May. Despite the aggressive move, short-term direction remains unclear as global tensions—especially in the Middle East—and tightening macroeconomic conditions continue to inject volatility into the market.

Top analyst Axel Adler shared fresh insights that highlight a key shift in investor behavior. According to CryptoQuant’s UTXO Block P/L Count Ratio Model, when Bitcoin hit its $112,000 all-time high earlier this month, the model spiked to 34,000 points. This marked a wave of profit-taking, as many investors capitalized on peak valuations. However, the metric has since plummeted to just 216 points, indicating that profitable sales have virtually vanished and that more participants are now realizing losses.

This steep decline signals that sellers have largely exited the market, creating space for new buyers to accumulate at lower levels. The shift in behavior suggests that while downside risks still exist, a sharp price crash is less likely in the near term. With selling pressure cooling and long-term conviction returning, Bitcoin appears to be entering a more constructive phase.

BTC Holds Above Key Support Amid Rebound Attempt

The daily Bitcoin chart reveals a sharp bounce from the $98,200 low back toward the $105,000 region, reclaiming a critical support zone near $103,600. This level had previously acted as both support and resistance since March and is now a key battleground for bulls. Price briefly dropped below the 50-day simple moving average (SMA) but has quickly recovered above it, signaling renewed short-term strength.

The bounce also comes after Bitcoin tested the 100-day SMA (near $96,000), a historically reliable area of buyer interest during corrective phases. However, despite the bullish reaction, BTC has yet to reclaim the $109,300 resistance level that capped multiple rallies since early June.

The spike in volume on the most recent green candle suggests demand is returning at lower levels, validating on-chain data that indicated sellers are stepping aside. Still, Bitcoin remains in a broad consolidation pattern, and a failure to break above $109,300 would keep the current rangebound structure intact.

To signal a true trend reversal and renewed momentum toward all-time highs, BTC must close decisively above $109,300. Until then, traders should expect continued choppiness as macro uncertainty and geopolitical events weigh on short-term sentiment.

Featured image from Dall-E, chart from TradingView

The XRP community is in shock following the emergence of Ripple’s co-founder, Arthur Britto, after a 14-year silence. Britto has been inactive on the X platform over these years but is known to have played a major role in Ripple and the XRP Ledger’s (XRPL) development. 

Ripple Co-Founder Makes First-Ever Post On X

Arthur Britto made his first ever post on the X platform on June 23, despite joining the platform in August 2011. His post was simply a blank face emoji, which got the XRP community wondering what it might mean and why exactly the Ripple co-founder has returned now. Britto has cut a mysterious figure, despite co-founding the crypto firm alongside Jed McCaleb and Chris Larsen. 

Following Britto’s first X post, Ripple Chief Technology Officer (CTO) David Schwartz confirmed that the Ripple co-founder wasn’t hacked or compromised. Well-known XRP Ledger Validator Vet also replied, saying ‘no way,’ expressing his shock at Britto’s remergence. Meanwhile, Pumpius, a prominent XRP community member, gave an overview of who Britto was. 

In an X post, he first declared that the co-founder may be the “most important ghost in crypto history,” putting him ahead of Bitcoin founder Satoshi Nakamoto, who remains a mystery. Pumpius further stated that Britto helped build the XRP Ledger to help create a neutral bridge asset capable of handling global liquidity. 

Arthur Britto is also said to have designed the 100 billion XRP supply cap and co-authored the XRP whitepaper before he then disappeared without any trace on social media. Away from Ripple and the XRP Ledger, Pumpius revealed that Britto now runs PolySign. The company is working on building institutional custody, and Ripple allegedly has ties to PolySign. 

Community Members Raise Price Angle 

XRP community members also related Arthur Britto’s reemergence to the XRP price and what it could mean for the altcoin. Prominent community member Edo Farina said that the co-founder’s post has to be the “moon sign” that XRP holders have been waiting for, indicating that the price might soon surge. 

Crypto influencer John Squire highlighted how the co-founder was the same person who once said that XRP was designed to reach $10,000. He then questioned if this was a coincidence or if something big was brewing. Squire went on to answer the question by highlighting how the XRP Ledger has recorded its highest transactions in four months this week. 

He added that Britto’s appearance also coincides with “record on-chain volume, Ripple IPO rumors, and pre-bullrun conditions.” Based on this, he declared that the Ripple co-founder’s sudden burst into the scene is “not nothing” but most likely a pattern. 

At the time of writing, the XRP price is trading at around $2.19, up over 7% in the last 24 hours, according to data from CoinMarketCap.

Bullish pressure is returning to the crypto market as Bitcoin, the largest digital asset, rebounded strongly after dropping below the $100,000 mark during the weekend. The recent pullback appears to have influenced the sentiment of short-term investors as indicated by a negative MVRV reading.

Bitcoin’s Short-Term Investors Turn Cautious

While Bitcoin and the market are slowly turning green, several key metrics are still in a bearish state. A recent report from Glassnode, a world-leading financial and on-chain platform, highlights a negative trend among short-term BTC holders.

The Bitcoin short-term holder Market Value to Realized Value (MVRV) ratio has declined sharply. Specifically, this metric is frequently used to assess sentiment and profitability among more recent market participants. 

Therefore, this notable drop in the key STH MVRV metric reflects the growing unease of recent investors due to the ongoing volatility of BTC’s price. It also points to weakening conviction sentiment among short-term holders.

Starting with the BTC Short-Term Holders Realized Price, Glassnode noted that the asset has persistently found support in the range since April. According to the platform, this range is also the cost basis of investors holding BTC for more than 155 days.

Even though this range has held strongly, the short-term holders’ MVRV is currently decreasing and is situated at just 0.03, a level that shows growing pressure on newer investors with only 3% unrealized gains.

It is worth noting that BTC Short-Term Holders Realized Price is currently positioned at the $98,100 price mark. During the weekend, Bitcoin retested this level due to the heightened volatility observed across the crypto market.

Even though recent corrections have rebounded close to this level, Glassnode noted that the Cost Basis Distribution indicates a denser supply slightly below, at about $97,000 to $98,000. In the meantime, this zone might serve as a true pivot in the following drawdown as pressure builds up on newer BTC holders.

Behavior Of BTC Investors

In another X post, Glassnode has outlined the current action of BTC investors following an analysis of the Bitcoin Supply By Investor Behavior metric. The metric is often used to determine the activity of investors, whether they are selling or holding.

Glassnode’s main area of focus in this crucial metric is the Loss Sellers, which is observed to have risen significantly in the past few days. Typically, this uptick in loss sellers signals increasing uncertainty and frustration among players who purchased BTC at higher price levels. Data from the platform reveals that this cohort has grown from 74,000 to 95,600, representing an increase of over 29% since June 10. 

While pressure on weak hands has spiked, Conviction Buyers also witnessed a notable increase. A rise in Conviction Buyers suggests that sentiment is not collapsing. Presently, some are reducing losses while others are actively reducing their cost basis.