Investment
Features
FeesSafety
Academy
More
Pluang+

New Bitcoin whales lost $1.77 billion during recent price crash.

Market News
08 Jun 2026
Bitcoinist
View Source
Bearish
pluang ai news

New investors who recently acquired large amounts of Bitcoin, often called 'newbie whales,' suffered a combined loss of $1.77 billion during the recent sharp decline in Bitcoin prices. This significant loss highlights the risks of entering the market at peak prices and the volatility inherent in cryptocurrency trading. The event serves as a cautionary tale for new investors about timing and market fluctuations. Going forward, market watchers will be keen to see if these investors hold on or exit their positions amid ongoing price uncertainty.

More News

Allstate's catastrophe losses fall in 2026, but UBS downgrades stock to Neutral amid profit concerns

Allstate's catastrophe losses fall in 2026, but UBS downgrades stock to Neutral amid profit concerns

Allstate reported a 43.7% drop in first-quarter catastrophe losses year-over-year, with Q2 losses also down 14% compared to 2025. Despite improved underwriting results, UBS downgraded Allstate from Buy to Neutral, citing concerns that favorable loss ...

Market News
Neutral
40 minutes ago
Travelers reports Q2 EPS of $10.04, beating estimates with strong revenue and lower catastrophe losses.

Travelers reports Q2 EPS of $10.04, beating estimates with strong revenue and lower catastrophe losses.

The Travelers Companies, Inc. reported a strong second quarter in 2026 with earnings per share of $10.04, significantly surpassing analyst expectations of around $5.40. Revenue reached $11.53 billion, also beating estimates, driven by improved core i...

Company Fundamentals
Bullish
47 minutes ago
Noelle Hipke's Earth Games wins Silver at 2026 COVR Visionary Awards, boosting her Ascension Series' profile.

Noelle Hipke's Earth Games wins Silver at 2026 COVR Visionary Awards, boosting her Ascension Series' profile.

Independent author Noelle Hipke's book Earth Games: Playbook Rules & Regulations won the Silver award in the Visionary Non-Fiction category at the 2026 COVR Visionary Awards. This recognition highlights Hipke's growing influence in the Mind, Body, Sp...

Others
Neutral
54 minutes ago
Military drone market to grow to $109B by 2031, driven by AI, defense budgets, and geopolitical tensions

Military drone market to grow to $109B by 2031, driven by AI, defense budgets, and geopolitical tensions

The global military drone market is projected to expand from $34.85 billion in 2026 to $109.22 billion by 2031, growing at a CAGR of 25.7%. Growth is fueled by rising defense budgets, demand for intelligence, surveillance, reconnaissance (ISR), preci...

Market News
Bullish
54 minutes ago
Global financial analytics market to triple to $36.1B by 2035 driven by AI, cloud, and predictive tech.

Global financial analytics market to triple to $36.1B by 2035 driven by AI, cloud, and predictive tech.

The global financial analytics market, valued at $12.15 billion in 2025, is projected to grow to $36.10 billion by 2035 at a CAGR of 11.5%. Growth is fueled by increasing adoption of AI, machine learning, cloud computing, and predictive analytics acr...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

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