Bitcoin Holds $62K as CPI Hits 4.2%, Strategy Defends BTC Sale, Fear Index at 12

Bitcoin News

Bitcoin snapped higher Thursday evening after President Donald Trump said he had canceled planned military strikes against Iran, citing a deal approved at the highest level of Iranian leadership and backed by eleven regional and allied states. US crude slid from above $92 to roughly $88 within 90 minutes of the announcement, unwinding much of the war premium that had built through the session. BTC recovered nearly $900 from its evening low, climbing back above $63,300 and trading about 1% short of $64,000. A naval blockade remains in force until the agreement is signed, with the timing and venue still unannounced, leaving the rebound tethered to the signing timeline.

Nakamoto Inc., the Nashville-based Bitcoin treasury and services firm, said it sold approximately 600 BTC and related derivative positions to generate about $48 million in net proceeds, using the cash to cut outstanding debt by $45 million. The company refinanced the remainder, pushing roughly 105 million USDT of principal out to June 2027 and lowering its interest rate to as low as 7.75% annually, contingent on holding a 2,000 BTC collateral floor. Management also authorized a $25 million share buyback. Nakamoto now holds about 4,467 BTC, worth near $284 million, and regained Nasdaq bid-price compliance following a 1-for-40 split. NAKA shares closed up nearly 10% but remain down almost 39% over the month.

Spot Bitcoin ETFs have shed nearly $5.75 billion since mid-May, a wave of redemptions that helped drag BTC to a 2026 low below $60,000 in early June, more than 50% under last October's record near $125,000. Sygnum chief investment officer Fabian Dori pushed back on the popular theory that investors are cashing out to fund anticipated IPOs such as SpaceX. Exchange balances and stablecoin supply show no matching contraction, he noted, while a parallel decline in CME futures open interest points instead to the unwinding of cash-and-carry arbitrage trades — a low-risk basis strategy — rather than a rotation toward equity offerings.

BlackRock updated its SEC registration for the iShares Bitcoin Premium Income ETF, set to trade under the ticker BITA, intensifying a Wall Street race against Goldman Sachs to capture yield-seeking allocators. The official filing (SEC EDGAR) sets an annualized 0.65% sponsor fee, positioning the fund as a higher-cost alternative to plain-vanilla spot products like IBIT. A seed investor acquired 198,000 shares at $50 on June 1, providing $9.9 million, which BlackRock deployed into roughly 110 BTC plus 90,901 IBIT shares while writing 856 options contracts. The covered-call structure aims to convert Bitcoin's volatility into recurring premium income, capping some upside in exchange for distributions.

On the infrastructure side, OCC-regulated trust bank BitGo launched Lightning Earn, letting corporate treasuries and institutional allocators deploy Bitcoin as liquidity on the Lightning Network and collect BTC-denominated routing fees. Built on an integration with Amboss Technologies' Rails platform, the product routes payments and leases liquidity across the network while preserving BitGo's existing custody and governance controls. Crucially, participants receive fees denominated in Bitcoin rather than a token or synthetic yield instrument. BitGo signaled conviction by committing a portion of its own treasury to Rails, positioning the firm alongside clients in exposure to Lightning routing economics as institutional payment use cases scale up.

Federal prosecutors in Philadelphia charged two Eastern European nationals over an alleged Bitcoin money-laundering operation that processed nearly $400 million across five years. The official complaint identifies Ruslan Igorevich Tkachuk, 37, and Alexander Vladimirovich Ledenev, 25, as senior members of a group calling itself AudiA6, which ran a crypto mixing service and the Dark2Web cybercrime forum. Investigators traced roughly 10,333 BTC — about $389.7 million at the time of the transactions — into its wallets, with around $19.2 million linked directly to darknet markets and ransomware. The pair, arrested in the Republic of Georgia, face up to 20 years in prison; blockchain analysis defeated the service's untraceability claims.

COINOTAG's proprietary 42-indicator composite scoring engine rates first support at $61,888 a STRONG 77/100, driven by the confluence of the S1 pivot, Fibonacci 0.114 and the volume point of control, while the $64,285 resistance scores an identical 77/100 on Fibonacci 0.214, R1 and a MACD cross (as of 21:27 UTC). Derivatives read cautiously two-sided: funding sits at 0.0052%, open interest near $11.7 billion, and the long/short account ratio at 1.67 (62.5% long), even as a Fear & Greed reading of 12 signals Extreme Fear, RSI at 32 nears oversold and the trend stays down. A reclaim of $64,285 opens $66,094; a daily close below the $59,131 support invalidates the bullish case.