Bitcoin Drops, Bitmine Joins Russell 1000: Crypto Week Recap
A brutal week for crypto saw Bitcoin prices crater while Bitmine earned a spot in the Russell 1000 index.
Crypto didn't catch a break this week. Bitcoin took a hard hit, with prices plummeting and rattling traders who were hoping for a steadier summer. If you've been watching your portfolio bleed, you're not alone — this was one of those weeks that separates conviction holders from panic sellers.
Bitmine (BMNR) was the rare bright spot. The company officially joined the Russell 1000 index, a move that signals growing mainstream legitimacy for crypto-adjacent equities. Index inclusion matters — it forces passive funds to buy the stock, which can juice demand in a way pure crypto plays don't always get.
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Illicit Iranian transactions also made headlines this week, adding another layer of regulatory heat to an already jittery market. Every time state-linked bad actors surface in crypto news, it hands ammunition to lawmakers pushing for tighter oversight. That's a headwind you can't ignore if you're trading this space.
Scott Melker broke it all down on "The Daily Wolf," his show that airs daily at 12:00 p.m. If you want a fast, no-nonsense debrief on what moved markets and why, it's worth adding to your rotation. Yahoo Finance's crypto hub is also tracking the latest developments in real time.
Bottom line: Bitcoin's pain, Bitmine's gain, and geopolitical drama all collided in one messy week. Position accordingly and keep your eyes on macro catalysts — crypto doesn't move in a vacuum. Continue reading at Yahoo.
