Peter Schiff pushed back against claims that bitcoin is undervalued following recent declines, arguing that the asset lacks conventional valuation benchmarks as Strategy-linked securities faced steep losses.

The price of bitcoin is down 40% over the last year and has spent the past week trading between $62,171 and $65,994. In one of our periodic AI prediction experiments, we asked leading artificial intelligence (AI) chatbots to scan the market, weigh the pressure points and forecast where bitcoin could be headed next.

Senate lawmakers could release cryptocurrency tax legislation as early as this fall, Sen. Steve Daines (R-Mont.) said, with the Montana Republican stating that a framework is already in place and broadly aligned with a parallel House effort.

XRP supply on Binance has expanded, with the XRP Binance Scarcity Index dropping to around 0.34, its lowest level in more than three months, pointing to a noticeable rise in available tokens on the exchange.

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Markets split sharply on Wednesday as lower oil prices eased inflation fears, but pressure on technology stocks, crypto assets and precious metals kept investors focused on risk.

On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly 10% drop over the week and a 30%+ decline since the start of the year.

On Wednesday, bitcoin slipped beneath the $60,000 zone, touching an intraday low of $59,500, while Strategy’s 847,363 BTC stash now sits $12.55 billion below water. At the same time, the company’s MSTR shares have faltered, shedding 78.37% since July 16, 2025.

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Blackrock, the world’s largest asset manager, told financial advisors that a bitcoin allocation of roughly 1% to 2% can serve as a “complementary diversifier” in long-term portfolios, framing the digital asset’s investment role as still evolving.

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Crypto ETF flows stayed under pressure on Tuesday, June 23, as bitcoin funds lost $113.78 million and ether ETFs saw $82.35 million in outflows. HYPE and Solana products attracted modest inflows, while XRP ETFs saw no trading activity.

Crypto research firm 10x Research says bitcoin could fall to the mid-$50,000s before this cycle’s bottom forms, with founder Markus Thielen identifying late August through October 2026 as the most likely window for a durable low.

A wallet linked to venture capital giant Andreessen Horowitz (a16z) withdrew 25,560 ether (ETH), worth about $42.62 million, from Binance, a move that landed as ether trades at $1,672.

Strategy should halt its bitcoin purchases and rebuild its cash reserves, research firm Cryptoquant warned, after the company’s dividend coverage collapsed from more than seven years to just 14 months and its preferred stock kept trading below face value.