Bitcoin rose above $61,000
Bitcoin rose above $61,000 for the first time on Saturday, as increasing backing from corporate heavyweights helps the world's most popular virtual currency continue its record-breaking run.
The cryptocurrency hit an all-time high, according to the DeFi website TLC.
Free Indicators Offered by TLC Helped Many Traders Catch the Move
Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.
Last month Elon Musk's electric carmaker Tesla invested $1.5 billion in the virtual unit, while Twitter chief Jack Dorsey and rap mogul Jay-Z said they are creating a fund aimed at making Bitcoin "the internet's currency".
Others jumping on the bandwagon include Wall Street player BNY Mellon, investment fund giant BlackRock and credit card titan Mastercard.
Bitcoin, which was launched back in 2009, hit the headlines in 2017 after soaring from less than $1,000 in January to almost $20,000 in December of the same year.
The virtual bubble then burst in subsequent days, with bitcoin's value then fluctuating wildly before sinking below $5,000 by October 2018.
However the last year's rise has been more steady, with investors and Wall Street finance giants wooed by dizzying growth, the opportunity for profit and asset diversification, and a safe store of value to guard against inflation.
Bitcoins are traded via a decentralised registry system known as a blockchain.
The system requires massive computer processing power in order to manage and implement transactions.
That power is provided by "miners", who do so in the hope they will receive new bitcoins for validating transaction data.
Ontology Is the Idea Finance Has Been Missing
The world created around 181 zettabytes of data in 2025, and AI adds more every day than anyone can read. The scarce resource is no longer data or compute. It is understanding, and understanding is a picture. Shayne Heffernan on ontology, the visual layer that turns infinite data into insight, and why finance, banking and regulation need it most.
Economic Calendar and Trading Strategies for the Week Ahead: July 14–18, 2026
A pivotal week for markets: US strikes on Iran reignite the oil risk premium, June CPI and retail sales test the Fed's rate-cut path, and the $1 trillion AI capital loop keeps driving the tech trade. Full economic calendar plus trading strategies across oil, gold, Bitcoin, FX and AI stocks.
Ontology: Agentic AI and Infrastructure
The AI trade so far has been a compute trade. The next leg is a meaning trade — and ontology, secured and settled, is the layer almost everyone is skipping. Shayne Heffernan on why ontology is the missing layer in agentic AI, and the infrastructure it needs.
Quantum Computing Just Became an Institutional Risk
Shayne Heffernan on BlackRock's quantum-computing warning for Bitcoin and Ethereum, Google's cryptanalysis research, the two on-chain risk vectors, and how KXCO's Armature L1 — post-quantum from genesis, coordinated by its ontology — answers a threat that just went institutional.
Every story, signed and delivered.
Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.