Bitcoin's price dropped sharply to a low of $61,073, trading around $62,860 and down 14% over the past week. Institutional investors with Bitcoin treasuries, such as Strategy and Metaplanet, are facing significant unrealized losses, with Strategy alone down $10.9 billion due to BTC holdings bought at an average of $75.7K. The total value of Bitcoin held by these firms has declined by $48 billion from its 2025 peak. Additionally, U.S. investors continue to sell, as indicated by a negative Coinbase Premium Index and mostly negative BTC Spot ETF inflows, signaling strong bearish sentiment. This ongoing institutional selling pressure risks extending Bitcoin's period of weakness.
Bitcoin fell below the key $60,000 level after Mt. Gox began repaying creditors by transferring over 47,000 BTC from cold storage, sparking a sharp selloff. This move caused Bitcoin to drop nearly 7% in 24 hours and triggered $664.5 million in crypto...
Bitcoin fell below $60,000 for the first time since 2024, breaking its 200-week moving average and triggering a wave of liquidations worth nearly $1.6 billion in 24 hours. Most losses hit retail investors, especially on Binance, where a $13.31 millio...
Bitcoin fell below $60,000, extending a 10-day decline amid $1.5 billion in crypto long position liquidations triggered by stronger-than-expected US jobs data. The US added 172,000 jobs in May, raising concerns about reduced Federal Reserve rate cuts...
Cryptocurrency markets saw significant declines, with Bitcoin falling 6.02% to $60,071 and Ethereum dropping 11.84% to $1,564. Other notable coins like Binance Coin, XRP, and Cardano also experienced sharp losses, some exceeding 15%. This widespread ...
Binance recorded a net inflow of $47.3 million in USDT within one hour, indicating a significant movement of stablecoin capital into the exchange. This inflow suggests traders may be positioning to buy cryptocurrencies like Bitcoin or Ethereum, altho...
