Bitcoin dropped below $66,000 on June 3, erasing all gains made in April and falling about 10% over three days. The decline was driven by a mix of geopolitical tensions and a surprise sale by Strategy, a major bitcoin treasury company, which broke its long-standing no-sell policy. This triggered panic selling and led to over $1 billion in total crypto liquidations, including nearly $500 million in bitcoin alone. The cryptocurrency now risks falling further toward $60,000, its year-to-date low from February.
Macro analyst Alex Krüger labeled most cryptocurrencies as a 'failed asset class' due to poor value, founder sell-offs, meme coin losses, and rising DeFi hacks. However, he identified four exceptions worth owning, including Hyperliquid, which returns...
Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.56% to $65,940 and Ethereum falling 5.02% to $1,828.59. Other notable decreases include Binance Coin down 6.12% and Cardano down 4.14%. Some coins like Near Protoco...
Solana (SOL) price dropped to around $75.11, down nearly 5% in 24 hours and over 10% in a week, reflecting a broader risk-off sentiment in crypto markets. Trading volume surged by nearly 39%, mainly on centralized exchanges, indicating active reposit...
El Salvador continues to buy Bitcoin even as its price falls below $66,000, steadily increasing its reserves to nearly 7,600 BTC, worth over $510 million. This ongoing accumulation reflects a strategic choice by President Nayib Bukele to treat market...
Bitcoin stabilized around $66,000 after falling about 18% from $81,000 amid a tough selloff. A stronger-than-expected ADP jobs report showing 122,000 new private-sector jobs in May helped pause the decline by suggesting the economy isn't collapsing, ...
