Bitcoin's price fell toward $65,000 as the cryptocurrency market experienced significant stress, including over $1 billion in liquidations and large outflows from Bitcoin and Ethereum ETFs. Data shows 202,991 traders liquidated in 24 hours, with $519.2 million withdrawn from spot Bitcoin ETFs and $90.2 million from Ethereum ETFs. Analysts note Bitcoin's volatility is at historic lows, indicating a potential major breakout once market pressure eases. The current price action aligns with typical market cycle patterns, suggesting the broader trend remains intact despite recent volatility.
Citigroup analysts attribute Bitcoin's recent price decline mainly to nearly $3.8 billion in outflows from U.S. spot Bitcoin ETFs between May 15 and June 2, rather than the sale of 32 BTC by Strategy. The ETF outflows are a stronger indicator of inve...
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 it...
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...
