Bitcoin prices have fallen to around $62,800 after a significant drop in demand from two main sources: companies that accumulate cryptocurrency reserves and US-listed spot bitcoin ETFs. Companies have sharply reduced their bitcoin purchases, removing a key source of buying support, while US spot ETFs recorded net outflows of $213.85 million in one day, with cumulative redemptions exceeding $5.72 billion since May. This combination of reduced corporate buying and ETF outflows is keeping the market cautious and limiting prospects for a quick price rebound. Investors will closely watch future flows in investment funds and corporate buying behavior to gauge bitcoin's price direction.
Bitcoin rose 2.3% on June 11, 2026, recovering from a low of $60,914 to around $63,200, but technical indicators remain mixed. The RSI hit 30, the lowest since 2018, signaling oversold conditions and potential for recovery, while 13 of 15 moving aver...
Bitcoin ETFs have seen nearly $5.75 billion in outflows since mid-May, sparking speculation that investors are selling to fund upcoming IPOs like SpaceX. However, Fabian Dori, CIO at Sygnum, argues that market data does not support this theory. Excha...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading around $62,920, slightly up by 0.45%. Ethereum and Binance Coin show modest gains, while some altcoins like Monero (XMR) and LAB experience significant increases of over 14% and nearl...
Bitcoin's price recently fell close to its realized price, suggesting a potential market bottom. However, on-chain data shows a significant drop in Bitcoin demand, with a contraction of 652,000 BTC last week—the largest since January 2022. This decli...
Adam Livingston, advisor to Saturn Credit, predicts Bitcoin could reach $256,000 within a year based on the gold-to-Bitcoin ratio being 76% below its long-term fair value. If Bitcoin returns to this fair value relative to gold, it would roughly quadr...
