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Bithumb triggered a major market shock after an employee mistakenly sent billions of dollars worth of bitcoin to users instead of small cash rewards.

After a rocky week, the bitcoin price is trading above $71,000.

Strategy bought another 1,142 bitcoin for about $90 million at an average price of $78,815 per bitcoin.

Bitcoin miner Cango said it sold 4,451 Bitcoin over the weekend for net proceeds of about $305 million.

Bernstein reiterated a bullish view of bitcoin, calling the current bitcoin price downturn “weak” and they reiterated a $150,000 price target by the end of 2026.

Morgan Stanley initiated coverage on Cipher Mining and TeraWulf with Overweight ratings while downgrading Marathon to Underweight.

Bitcoin staged a strong recovery from $60,000 support last week after heavy selling, closing near $70,315 with MRI buy signal flashing – key levels to watch include $71,800 resistance and $57,800 deeper support.

Fed Governor Christopher Waller said bitcoin and crypto remain largely separate from the traditional financial system, viewing their volatility as a market feature rather than a systemic risk.

Michael Saylor defended Strategy’s bitcoin-buying strategy on CNBC’s Squawk Box today, brushing off fears the company could be forced to sell Bitcoin in a prolonged downturn.

Interactive Brokers now offers nano Bitcoin futures via Coinbase Derivatives, providing smaller, lower-risk, and perpetual-style contracts to broaden regulated crypto access for its clients.