Economy

Crypto Market
Bitcoin's fall continues - approaching $60,000

Bitcoin has fallen sharply during the week and is trading around $62,500 after large outflows from bitcoin ETFs and signals of sales from major players. This is reported by DI Digital.

According to Bitwise Nordic Manager Marco Poblete, reduced buying pressure has reinforced the decline.

-In a thin market, the turnaround is fast, he says.

The background is, among other things, outflows of around $4.4 billion from bitcoin ETFs since mid-May, at the same time as Strategy made its first net sale since 2022.

The fall has also been pressured by rising US interest rates, which makes assets without ongoing returns less attractive.

Tough Week for Bitcoin – Lowest Level in Four Months


Bitcoin is now trading at its lowest level in four months after a tough week, writes Bloomberg. The price has fallen by about 15 percent.

The fall began when the company Strategy Inc sold bitcoin worth $2.5 billion. The sale was relatively small, but created concern.

– The price of Bitcoin has fallen this week because Strategy broke its promise to “never sell,” which shook the market’s confidence, says Animoca Brands’ chief investment officer Josh Du.

Bitcoin is now trading around $64,000, which can be compared to the peak of $126,000 in October 2025.

The energy crisis in Europe
Construction begins now: African gas to Europe

Algeria has begun construction of the planned Trans-Saharan Gas Pipeline (TSGP), which will transport natural gas from Nigeria via Niger to Algeria and on to Europe.

The pipeline is said to be able to export up to 30 billion cubic meters of gas per year to European markets. This corresponds to approximately 10 percent of the EU's annual gas needs.

The project, which was first presented in 2009, has gained renewed relevance in the wake of the energy crisis following Russia's invasion of Ukraine and the sharp rise in gas prices in 2022.

Algeria is already an important gas supplier to Europe and accounts for around 12 percent of the EU's gas imports.

Brazil's Gripen purchase
Brazil's new wishes: 20 more Gripen planes

Brazil wants to buy an additional 20 Swedish Jas Gripen planes, writes TT. The wish is stated in a declaration of intent signed by Sweden and Brazil.

The news was presented by Sweden's Minister of Defense Pål Jonson (M) during a press conference together with Brazil's Minister of Defense José Múcio.

The Minister of Defense does not want to reveal the amount of money the deal could end up at, but after the news, the shares of Gripen manufacturer Saab bounced up slightly.

– It is still something to be discussed. But we appreciate that Brazil has expressed a desire to buy more, says Jonson, who points out that a possible business deal will take place between Brazil and Saab.