No rate cuts are coming any time soon, Big Tech earnings gave AI bulls more to work with, and Meta is back in crypto payments with USDC creator payouts.
Bitcoin's market dominance has fallen to a one-month low of 54%, while "Others" (excluding BTC, ETH, stablecoins) climbed to 24.68%. This shift is driven by altcoins with real protocol fees, buyback programs, or institutional integration, signaling a move away from broad "everything pumps" alt seasons.
Over 50% of Bitcoin is currently held at a loss, a metric K33 says historically indicates a market cycle bottom is near. Past cycles bottomed within weeks of this signal, though spot Bitcoin ETFs may alter current dynamics.
Bitcoin nears $63,195 after a 6.6% weekly gain, recovering from last week's selloff. The next challenge is proving sustained buyer demand beyond short-covering and leverage, with ETF inflows and spot volume needing to hold, and the $61k-$62k area needing defense.
BonkDAO, the decentralized autonomous organization for the Bonk meme coin, experienced a $20 million exploit due to a malicious governance attack. A passed proposal transferred over 4.4 trillion BONK tokens to an attacker's wallet, prompting investigations and actions from exchanges.
Bitcoin experienced flash volatility, dropping over 4% to near $61,000, after Strategy announced it sold 3,588 BTC to fund preferred stock dividend payments and replenish cash reserves. The price partially rebounded during the US trading session, settling around $62,000.
Crypto losses decreased by 46.8% to $1.32 billion in H1 2026, but security firms CertiK and TRM Labs warn this drop is misleading. Attackers are becoming more sophisticated, with North Korean state-sponsored hackers responsible for over 70% of Q2 losses, prompting international discussions.
