Bitcoin's Rally Enters 'Crisis Mode' Territory
The world's leading cryptocurrency shattered its prior all-time high this week, surging from about $107,000 at the end of last week to a fresh peak above $123,000.
Warning! GuruFocus has detected 4 Warning Signs with NBIS.
That $10,000 leap in days helped drive July's gain to 14%, in line with historical first-half momentum noted by Carson Group strategist Ryan Detrick.
Trading expert Keith Alan pointed to a textbook Cup and Handle pattern and mounting U.S. deficit fears after May's $316 billion shortfall as key drivers behind the rally.
Investor angst over swelling Treasury issuance and mounting calls for Fed Chair Jerome Powell's resignation has compounded pressure on the U.S. dollar.
With inflation data due later this week and political tension heating up, Bitcoin's one trillion-dollar market and gold are both catching bids.
At the same time, altcoins are stirring: Ethereum jumped nearly 20% last week to reclaim a price above $3,000 as Bitcoin's dominance slipped below 65%, hinting at the start of an altseason.
Why it matters: As traditional yields rise and the dollar weakens, digital assets are translating systemic risk into price momentum, making Bitcoin a barometer for broader market angst.
Investors will eye June's Consumer Price Index release later this week for clues on whether the crypto rally can sustain its crisis mode momentum.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Winning Powerball numbers for Monday, June 30, $162 million ahead of July Fourth holiday
Will a $2 Powerball ticket make you a multimillionaire this holiday week? As they say in the lottery business, 'it could happen to you.' After no one matched all five numbers plus the Powerball in the Saturday, June 28, Powerball lottery drawing, the grand prize jumped $7 million overnight for Monday, June 30. The total jackpot of $162 million has a $74.2 million one-time lump sum, according to Powerball online. s were 13-28-44-52-55 and the Powerball was 6. Power Play was 4x. Those numbers produced another rollover. The Powerball jackpot for Wednesday now grows to $174 million, with a cash option of $79.7 million. In case you're wondering, Saturday's winning numbers were 4-35-43-52-62 and the Powerball was 12. Power Play was 2x. Those numbers produced another rollover, and there were no secondary winners. Tickets start at $2 a piece. Below is what to know about lottery odds, how long to claim the cash option if you bought a ticket in Florida, and what happens to unclaimed prize money, according to the Florida Lottery. Good luck! Where it was sold: Winning Powerball ticket for $515 million jackpot purchased at 7-Eleven near Disney Powerball drawings are at 11 p.m. ET Mondays, Wednesdays and Saturdays, including holidays. Monday, June 30, winning Powerball numbers were 13-28-44-52-55 and the Powerball was 6. Power Play was 4x. We'll see if there's a winner or another rollover. A $1.586 billion Powerball tale: From a small town to 'Today' show with Savannah Guthrie to $6.2 million home After weeks of rollovers, the last Powerball streak ended Saturday, May 31, 2025, when a ticket in California matched all five numbers plus the Powerball to win an estimated $207 million jackpot. That prize had a cash option of $92.7 million, according to the Powerball website. Tickets purchased in Florida and New Hampshire also won big, they both matched 5 plus the Power Play for $2 million prizes. The Florida Quick Pick ticket came from Peacock Liquor, 270 N.W. Peacock Blvd., Port St. Lucie. Below is a recap of Powerball drawings and how long it took to grow from $20 million to the current prize. Monday, June 30: $162 million Saturday, June 28: $155 million Wednesday, June 25: $140 million Monday, June 23: $128 million Saturday, June 21: $118 million Wednesday, June 18: $101 million Monday, June 16: $90 million Saturday, June 14, Flag Day: $80 million Wednesday, June 11: $65 million Monday, June 9: $54 million Saturday, June 7: $44 million Wednesday, June 4: $30 million Monday, June 2: $20 million Grand prize indeed! Powerball winner Edwin Castro publicly claimed $2.04 billion jackpot — on Valentine's Day Powerball drawings are held at 11 p.m. ET Mondays, Wednesdays and Saturdays, including holidays. According to players have a 1 in 292.2 million chance to match all six numbers. Prizes range from $2 to the grand prize jackpot, which varies. The next Powerball drawing will be Wednesday, July 2. Prizes for Florida Lottery must be claimed within 180 days (six months) from the date of the drawing. To claim a single-payment cash option, a winner has within the first 60 days after the applicable draw date to claim it. The Florida Lottery says its scratch-off tickets and Fast Play game prizes "must be claimed within 60 days of the official end-of-game date. Once the applicable time period has elapsed, the related Florida Lottery ticket will expire." According to Florida Lottery's website, winners cannot remain anonymous: "Florida law mandates that the Florida Lottery provide records containing information such as the winner's name, city of residence; game won, date won, and amount won to any third party who requests the information." However, the site states, the "names of lottery winners claiming prizes of $250,000 or greater will be temporarily exempt from public disclosure for 90 days from the date the prize is claimed, unless otherwise waived by the winner." Lottery experts and lawyers have said there are ways to remain anonymous if you win. Who won, how long did it take to win Powerball, Mega Millions and those billion-dollar jackpots? Here are the Top 10 Powerball jackpots in the history of the game as of June 30, 2025: 10. $731.1 million — Jan. 20, 2021; Maryland 9. $754.6 million — Feb. 6, 2023; Washington 8. $758.7 million — Aug. 23, 2017; Massachusetts 7. $768.4 million — March 27, 2019; Wisconsin 6. $842.4 million — Jan. 1, 2024; Michigan 5. $1.08 billion — July 19, 2023; California 4. $1.33 billion — April 6, 2024; Oregon 3. $1.586 billion — Jan. 13, 2016; California, Florida and Tennessee 2. $1.765 billion Powerball drawing — Oct. 11, 2023; California 1. $2.04 billion — Nov. 7, 2022; California As of June 30, 2025, there have been 12 lottery jackpots that have reached or surpassed $1 billion. Only once has a jackpot surpassed $2 billion. These are the biggest lottery jackpots in U.S. history. $2.04 billion Powerball prize, Nov. 7, 2022, Edwin Castro of Altadena, California $1.73 billion Powerball prize, Oct. 11, 2023, Theodorus Struyck of California (ticket purchased at Midway Market in California) $1.586 billion Powerball prize, Jan. 13, 2016, Marvin and Mae Acosta of California, Maureen Smith and David Kaltschmidt of Melbourne Beach, Florida, and John and Lisa Robinson of Munford, Tennessee $1.58 billion Mega Millions prize, Aug. 8, 2023, Saltines Holdings LLC of Miami, Florida $1.537 billion Mega Millions prize, Oct. 23, 2018, won by an anonymous player in South Carolina $1.348 billion Mega Millions prize, Jan. 13, 2023, LaKoma Island Investments, LLC, with the ticket purchased in Lebanon, Maine $1.337 billion Mega Millions prize, July 29, 2022, won by an anonymous partnership with a ticket purchased in Des Plaines, Illinois $1.326 billion Powerball prize, April 6, 2024, Cheng and Duanpen Saephan and Laiza Chao of Oregon $1.269 billion Mega Millions, Dec. 27, 2024, Rosemary Casarotti of California $1.128 billion Mega Millions prize, March 26, 2024, won by an anonymous winner in New Jersey with the ticket purchased at ShopRite Liquor No. 781 in Neptune Township, New Jersey $1.08 billion Powerball prize, July 19, 2023, Yanira Alvarez of California $1.050 billion Mega Millions prize, Jan. 22, 2021, won by the Wolverine FLL Club of Oakland County, Michigan (This story was updated with new information.) This article originally appeared on Treasure Coast Newspapers: Anyone win Powerball lottery drawing for Monday, June 30, 2025?
Yahoo
27 minutes ago
- Yahoo
Winning Powerball numbers for Wednesday, June 25, $140 million ahead of July Fourth holiday
Will a $2 Powerball ticket make you a multimillionaire this week? As they say in the lottery business, 'it could happen to you.' After no one matched all five numbers plus the Powerball in the Monday, June 23, Powerball drawing for $128 million, the jackpot jumped by $12 million for Wednesday, June 25. The grand prize of $140 million has a $63 million one-time lump sum, according to Powerball online. Wednesday's winning numbers were 2-12-37-51-61 and the Powerball was 22. Power Play was 3x. We'll see if there's a match. In case you're wondering, Monday's winning numbers were 5-25-42-44-65 and the Powerball was 20. Power Play was 3x. Those numbers produced another rollover, and there were no secondary winners. Tickets start at $2 a piece. Below is what to know about lottery odds, how long to claim the cash option if you bought a ticket in Florida, and what happens to unclaimed prize money, according to the Florida Lottery. Good luck! Where it was sold: Winning Powerball ticket for $515 million jackpot purchased at 7-Eleven near Disney Powerball drawings are at 11 p.m. ET Mondays, Wednesdays and Saturdays, including holidays. Wednesday, June 25, winning Powerball numbers were 2-12-37-51-61 and the Powerball was 22. Power Play was 3x. We'll see if there's a winner or another rollover. A $1.586 billion Powerball tale: From a small town to 'Today' show with Savannah Guthrie to $6.2 million home After weeks of rollovers, the last Powerball streak ended Saturday, May 31, 2025, when a ticket in California matched all five numbers plus the Powerball to win an estimated $207 million jackpot. That prize had a cash option of $92.7 million, according to the Powerball website. Tickets purchased in Florida and New Hampshire also won big, they both matched 5 plus the Power Play for $2 million prizes. The Florida Quick Pick ticket came from Peacock Liquor, 270 N.W. Peacock Blvd., Port St. Lucie. Below is a recap of Powerball drawings and how long it took to grow from $20 million to the current prize. Wednesday, June 25: $140 million Monday, June 23: $128 million Saturday, June 21: $118 million Wednesday, June 18: $101 million Monday, June 16: $90 million Saturday, June 14, Flag Day: $80 million Wednesday, June 11: $65 million Monday, June 9: $54 million Saturday, June 7: $44 million Wednesday, June 4: $30 million Monday, June 2: $20 million Grand prize indeed! Powerball winner Edwin Castro publicly claimed $2.04 billion jackpot — on Valentine's Day Powerball drawings are held at 11 p.m. ET Mondays, Wednesdays and Saturdays, including holidays. According to players have a 1 in 292.2 million chance to match all six numbers. Prizes range from $2 to the grand prize jackpot, which varies. The next Powerball drawing will be Saturday, June 28. Prizes for Florida Lottery must be claimed within 180 days (six months) from the date of the drawing. To claim a single-payment cash option, a winner has within the first 60 days after the applicable draw date to claim it. The Florida Lottery says its scratch-off tickets and Fast Play game prizes "must be claimed within 60 days of the official end-of-game date. Once the applicable time period has elapsed, the related Florida Lottery ticket will expire." According to Florida Lottery's website, winners cannot remain anonymous: "Florida law mandates that the Florida Lottery provide records containing information such as the winner's name, city of residence; game won, date won, and amount won to any third party who requests the information." However, the site states, the "names of lottery winners claiming prizes of $250,000 or greater will be temporarily exempt from public disclosure for 90 days from the date the prize is claimed, unless otherwise waived by the winner." Lottery experts and lawyers have said there are ways to remain anonymous if you win. Who won, how long did it take to win Powerball, Mega Millions and those billion-dollar jackpots? Here are the Top 10 Powerball jackpots in the history of the game as of June 25, 2025: 10. $731.1 million — Jan. 20, 2021; Maryland 9. $754.6 million — Feb. 6, 2023; Washington 8. $758.7 million — Aug. 23, 2017; Massachusetts 7. $768.4 million — March 27, 2019; Wisconsin 6. $842.4 million — Jan. 1, 2024; Michigan 5. $1.08 billion — July 19, 2023; California 4. $1.33 billion — April 6, 2024; Oregon 3. $1.586 billion — Jan. 13, 2016; California, Florida and Tennessee 2. $1.765 billion Powerball drawing — Oct. 11, 2023; California 1. $2.04 billion — Nov. 7, 2022; California As of June 25, 2025, there have been 12 lottery jackpots that have reached or surpassed $1 billion. Only once has a jackpot surpassed $2 billion. These are the biggest lottery jackpots in U.S. history. $2.04 billion Powerball prize, Nov. 7, 2022, Edwin Castro of Altadena, California $1.73 billion Powerball prize, Oct. 11, 2023, Theodorus Struyck of California (ticket purchased at Midway Market in California) $1.586 billion Powerball prize, Jan. 13, 2016, Marvin and Mae Acosta of California, Maureen Smith and David Kaltschmidt of Melbourne Beach, Florida, and John and Lisa Robinson of Munford, Tennessee $1.58 billion Mega Millions prize, Aug. 8, 2023, Saltines Holdings LLC of Miami, Florida $1.537 billion Mega Millions prize, Oct. 23, 2018, won by an anonymous player in South Carolina $1.348 billion Mega Millions prize, Jan. 13, 2023, LaKoma Island Investments, LLC, with the ticket purchased in Lebanon, Maine $1.337 billion Mega Millions prize, July 29, 2022, won by an anonymous partnership with a ticket purchased in Des Plaines, Illinois $1.326 billion Powerball prize, April 6, 2024, Cheng and Duanpen Saephan and Laiza Chao of Oregon $1.269 billion Mega Millions, Dec. 27, 2024, Rosemary Casarotti of California $1.128 billion Mega Millions prize, March 26, 2024, won by an anonymous winner in New Jersey with the ticket purchased at ShopRite Liquor No. 781 in Neptune Township, New Jersey $1.08 billion Powerball prize, July 19, 2023, Yanira Alvarez of California $1.050 billion Mega Millions prize, Jan. 22, 2021, won by the Wolverine FLL Club of Oakland County, Michigan (This story was updated with new information.) This article originally appeared on Treasure Coast Newspapers: Anyone win Powerball lottery drawing for Wednesday, June 25, 2025?
Yahoo
27 minutes ago
- Yahoo
How Mercury can still sign Emma Meesseman after DeWanna Bonner
The post How Mercury can still sign Emma Meesseman after DeWanna Bonner appeared first on ClutchPoints. The Phoenix Mercury are making moves ahead of the WNBA All-Star Break. For instance, the Mercury signed DeWanna Bonner a week prior, and that's not all. Free-agent Emma Meesseman said she would prefer to sign with one of two WNBA teams in a recent report. Advertisement It said her preference is two teams, one from the Eastern and one from the Western Conference. Although there were no specifics, the majority of people have suggested that it is Phoenix and the New York Liberty. Despite the Mercury signing Bonner, they can land Meesseman as well. On Thursday, the team released Kiana Williams, who was on a hardship contract. Her contract was unprotected and prorated, with a value of $43,312. Because the contract was unprotected, the team will pay her for the 14 days she was on the team. That equates to roughly $9,440. According to Desert Wave Media Co., before waiving Williams, the Mercury had $41,041 in cap space. Now, after waiving Williams, they have $74,913 in cap space, enough to sign a player like Meesseman to a proration of the veteran minimum of $78,831 (for players with at least three years of WNBA experience). Advertisement Well, where did the extra cap space money come from? Phoenix only had to give Williams her $9,440, which left the franchise with an extra $33,872. Technically speaking, Meesseman requires more than what the franchise can offer. However, there's a loophole around this: A bonus. Because of the contracts being prorated for veterans, they were able to land Bonner for $43,721 and give her an extra $20,000 as a bonus. The same instance could happen for Meesseman. If she were to sign with the Mercury, she would be an immediate contributor. While Natasha Mack and Kathryn Westbeld have held down the five spot, landing a Finals MVP can completely change this team's trajectory. Advertisement What would Emma Meesseman immediately bring to Mercury? John David Mercer-USA TODAY Sports For starters, she brings legitimate championship experience. Although her last WNBA Finals appearance was in 2021, she understands the moment. Not to mention, she and current guard Kahleah Copper were teammates with the Chicago Sky. That team was deep, had a rooted defensive identity, and had a healthy blend of rising young stars and veterans. Fast-forward to 2025, and that 2021 Chicago team and Phoenix's current roster are strikingly similar. Besides that, Meesseman brings a true center to the position. Again, both Mack and Westbeld have been terrific and then some. Still, bringing in a WNBA and Euroleague champion makes a tremendous difference. Advertisement It also allows the two centers to have quality minutes on the bench while increasing the depth that the Mercury already have. An underrated element would be playing time. If she were to sign with New York, she would likely come off the bench once Jonquel Jones returns from injury. With Phoenix, Meesseman would immediately be a starter, which is her strong suit, anyway. Emma Meesseman increases Mercury's chances at WNBA Finals Kyle Terada-USA TODAY Sports Adding someone of Meesseman's caliber automatically makes a team a contender. If she were to be in the Valley of the Sun, the city would have its first legitimate shot at being back in the WNBA Finals. Advertisement While the Minnesota Lynx have been the best team in the WNBA, sometimes, star power ultimately matters. A roster with Satou Sabally, Alyssa Thomas, Copper, and Meesseman is terrifying on paper. It could be even more terrifying if that thought comes to fruition. With the hard cap set at $1.5 million for all WNBA rosters, Meesseman might be willing to take a bit of a pay cut to be in a prime position to win. Others will continually suggest that New York would be ideal for her to win. However, the Belgian national has shown that there is plenty of gas left in the tank. Not only being on a winning team but contributing to a winning team could be the effective deciding element for Meesseman to rock the purple and orange threads in 2025. Related: How Alyssa Thomas is following in Diana Taurasi's trash-talking footsteps Related: Wings' Paige Bueckers rocked Devin Booker's sneakers in Phoenix
