Bitcoin's price dropped sharply below $60,000, triggering a broad sell-off in crypto equities and liquidations exceeding $850 million. Despite the crash, Bitcoin advocate Samson Mow expressed confidence, highlighting Bitcoin's strong fundamentals and predicting inevitable 'hyperbitcoinization' due to ongoing fiat money printing. Mow also pointed to a large upcoming institutional buy order from Bitcoin Standard Treasury Company, suggesting the market is underestimating this demand. The downturn is partly linked to a major crash in South Korean equities, adding to the sector's pressure. The outlook remains uncertain as investors watch for signs of recovery.
Strategy Inc.'s perpetual preferred stock, STRC, has seen its 90-day correlation with Bitcoin rise to nearly 0.70, the highest since its July 2025 launch. This increased correlation means STRC now moves more closely with Bitcoin's price, which has dr...
Bitcoin followed its traditional four-year market cycle by peaking near $126,000 in October 2025 before undergoing a correction. The recent 50% price drop is milder than past bear markets, and Bitcoin has avoided deep panic selling by staying above i...
Cryptocurrency markets saw a general decline with Bitcoin priced around $59,280, down 1.44%, and Ethereum falling 3.54% to about $1,562. Other major coins like BNB, XRP, and SOL also experienced losses. This reflects ongoing volatility in the crypto ...
Bitcoin fell below $60,000, causing $1.48 billion in crypto liquidations, mainly hitting long traders. This drop follows stronger U.S. inflation data, raising expectations that interest rates will stay higher for longer. Bitcoin options worth $9.33 b...
Bitcoin fell sharply by 5% to $58,000, its lowest level since 2024, before rebounding slightly to $59,400. The broader crypto market also declined, influenced by a hawkish Fed signaling imminent rate hikes. Despite the downtrend, derivatives data sho...
