Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Citi says bitcoin's price drop is due to lack of new buyers, not Strategy's recent sale.

Market News
03 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Citi reports that Strategy's recent sale of bitcoin, part of a planned tax strategy, did not change its long-term approach but rattled market sentiment. The bank highlights that the main issue for bitcoin is a lack of new investor demand, as reflected by negative flows in spot bitcoin ETFs, which influence about 45% of weekly price moves. Additionally, the fading prospects of a U.S. crypto market structure bill reduce the chance of renewed investor interest, keeping sentiment subdued. Despite concerns about digital asset treasury selling, Citi sees ETF flows as the key driver of bitcoin prices going forward.

More News

FDA approves Coloplast's Titan Prime inflatable penile prosthesis for US launch in late 2026

FDA approves Coloplast's Titan Prime inflatable penile prosthesis for US launch in late 2026

Coloplast has received FDA approval for its Titan Prime inflatable penile prosthesis (IPP), a next-generation device designed to help men with severe erectile dysfunction. The device mimics a natural erection using a durable Bioflex polymer, offering...

Market News
Bullish
48 minutes ago
Hydaway Digital appoints cybersecurity expert Angelo Valentini as strategic advisor to boost AI and cybersecurity efforts.

Hydaway Digital appoints cybersecurity expert Angelo Valentini as strategic advisor to boost AI and cybersecurity efforts.

Hydaway Digital Corp. has appointed Angelo Valentini, a cybersecurity industry veteran and current Head of Channel Sales at Check Point Software Technologies, as a strategic advisor. Valentini will support the advancement of Hydaway's RealityChek AI ...

Company Fundamentals
Bullish
1 hour ago
Wound irrigation systems market to grow to $430M by 2035, driven by rising chronic wounds and surgeries.

Wound irrigation systems market to grow to $430M by 2035, driven by rising chronic wounds and surgeries.

The global wound irrigation systems market, valued at $307.87 million in 2025, is projected to reach $430.05 million by 2035 with a CAGR of 3.55%. Growth is fueled by increasing chronic wound cases, more surgeries, and rising diabetes and obesity rat...

Market News
Bullish
2 hours ago
ScottsMiracle-Gro reaffirms fiscal 2026 guidance, highlights strong margin and sales growth outlook.

ScottsMiracle-Gro reaffirms fiscal 2026 guidance, highlights strong margin and sales growth outlook.

ScottsMiracle-Gro reaffirmed its fiscal 2026 guidance, expecting low single-digit sales growth and a gross margin of at least 32%. The company reported a 1% increase in year-to-date branded consumer sales and has locked 90% of its commodities costs, ...

Company Fundamentals
Bullish
2 hours ago
Ulta Beauty beats earnings estimates, raises 2026 outlook on strong sales and value focus

Ulta Beauty beats earnings estimates, raises 2026 outlook on strong sales and value focus

Ulta Beauty reported first-quarter fiscal 2026 earnings of $7.74 per share, surpassing analyst estimates of $6.86, with revenue rising 11.1% year-over-year to $3.16 billion. The company saw growth across fragrance, haircare, makeup, and skincare cate...

Company Fundamentals
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App