Bitcoin's price dropped below $60,000, reaching a low of $59,658, driven by pre-halving market volatility and $2.43 billion in outflows from U.S. spot Bitcoin ETFs in May. This decline reflects broader economic concerns like inflation and high interest rates rather than crypto-specific issues. Analysts see reduced institutional demand and a cautious market outlook, with recovery to $66,000-$70,000 unlikely soon. Investors should watch for Federal Reserve announcements and regulatory developments that could impact Bitcoin's price trajectory.
Bitcoin deposits to Binance have nearly doubled since mid-April 2026, reaching about 7,600 BTC monthly, or roughly $479 million at current prices. This surge reflects growing trader fear after Bitcoin dipped below the key psychological level of $60,0...
Cryptocurrency markets experienced a broad decline, with major coins like Bitcoin and Ethereum dropping more than 4%. Other notable coins such as Dogecoin and Cardano also saw significant losses, falling over 5%. This downturn reflects ongoing market...
Blackrock, the world’s largest asset manager, recommends financial advisors consider allocating 1% to 2% of portfolios to Bitcoin as a complementary diversifier. This allocation is seen as carrying a risk profile similar to major tech stocks, making ...
MicroStrategy (MSTR) shares dropped to $97.30, their lowest since March 2024, amid a 5.5% decline as Bitcoin fell to about $60,935, a two-week low. The company sold 2.71 million shares last week, raising $335.5 million mostly for cash reserves rather...
Bitcoin fell back to around $60,000 amid a crypto bear market, losing ground despite rallies in other risk assets. Gold and oil prices also declined, challenging the 2025 trend favoring hard assets amid economic uncertainty. Meanwhile, tech stocks, e...
