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

Bitcoin rebounds to $64k as whale sells for $3.5M profit amid volatile market conditions.

Market News
08 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Bitcoin recovered from a dip below $60,000 to reach a local high of $64,000, driven by increased trading volume and active market participation. A notable Bitcoin whale bought 1,656 BTC near $59,734 and sold two days later on Binance, securing about $3.5 million in profit. Despite this recovery, bearish momentum persists with the Trend Momentum metric remaining negative, suggesting sellers still dominate. However, small-scale buyers are actively purchasing dips, which could support Bitcoin's price and potentially push it toward $65,000 to $70,000 in the near term.

More News (BTC)

JPMorgan says crypto market in H2 2026 depends on Strategy's Bitcoin moves and CLARITY Act approval

JPMorgan says crypto market in H2 2026 depends on Strategy's Bitcoin moves and CLARITY Act approval

JPMorgan analysts highlight that the crypto market sentiment in the second half of 2026 will hinge on how Strategy manages its Bitcoin holdings and whether the CLARITY Act passes. Strategy's recent Bitcoin sales caused market uncertainty, prompting J...

Market News
Neutral
4 hours ago
CME launches bitcoin volatility futures, enabling bets on BTC price swings, not direction.

CME launches bitcoin volatility futures, enabling bets on BTC price swings, not direction.

CME Group has introduced bitcoin volatility index futures linked to the CME CF Bitcoin Volatility Index, allowing traders to speculate on expected four-week bitcoin price fluctuations rather than price direction. The first trades were made by Monarq ...

Market News
Bullish
5 hours ago
Bitcoin crashes amid 2026 crypto selloff, hitting new lows on macro and geopolitical pressures

Bitcoin crashes amid 2026 crypto selloff, hitting new lows on macro and geopolitical pressures

Bitcoin has crashed significantly as part of a wider 2026 crypto market selloff driven by leverage unwinds, macroeconomic challenges, and geopolitical tensions, notably between the U.S. and Iran. This has led to declines in spot demand and futures in...

Market News
Bearish
5 hours ago
Bitcoin jumps 5% to $64K after Trump signals Iran deal near completion

Bitcoin jumps 5% to $64K after Trump signals Iran deal near completion

Bitcoin surged about 5% to $64,000 following U.S. President Donald Trump's statement that Israeli Prime Minister Netanyahu will have no choice but to accept a U.S.-brokered deal with Iran. This eased geopolitical risks that had pressured crypto marke...

Market News
Bullish
6 hours ago
Wealthy crypto investors favor Bitcoin and Ethereum as smaller altcoins hit extreme oversold levels.

Wealthy crypto investors favor Bitcoin and Ethereum as smaller altcoins hit extreme oversold levels.

High-net-worth crypto investors are focusing their portfolios on large-cap tokens like Bitcoin (81%) and Ethereum (79%) amid ongoing market uncertainty, favoring liquidity and stability. Meanwhile, smaller altcoins show extremely low Relative Strengt...

Market News
Neutral
6 hours ago
banner-footerbanner-footer

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