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Bitcoin faces a major crash as Strategy sells $52B in bitcoin amid market turmoil.

Market News
07 Jun 2026
Forbes
View Source
Bearish
Bitcoin faces a major crash as Strategy sells $52B in bitcoin amid market turmoil.

Bitcoin prices have plunged over 50% from their peak in October 2025, triggering a $2 trillion wipeout in the crypto market. The sell-off intensified after Strategy, led by Michael Saylor, sold 32 bitcoins worth $2.5 million, breaking its 'never sell' policy and sparking fears of further declines. Experts warn that if bitcoin falls below $60,000, it could revisit support levels around $55,000. The market now watches closely for Saylor's next move, as selling more bitcoin or Strategy stock could stabilize the market, while failure to act may prolong the downturn.

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Ethereum's Glamsterdam upgrade tentatively set for Oct 6 on Sepolia testnet, pending further testing.

Ethereum's Glamsterdam upgrade tentatively set for Oct 6 on Sepolia testnet, pending further testing.

Ethereum developers have tentatively scheduled the Glamsterdam upgrade activation on the Sepolia testnet for October 6, 2026, at 13:53 UTC. This date remains conditional as stable activation has not yet been achieved on private development networks, ...

Protocol Fundamentals
Neutral
4 hours ago
Bitwise to liquidate Dogecoin ETF BWOW by Oct 14, citing low investor demand and product optimization.

Bitwise to liquidate Dogecoin ETF BWOW by Oct 14, citing low investor demand and product optimization.

Bitwise Investment Advisors announced it will terminate and liquidate its Dogecoin ETF (BWOW) with the last trading day on October 14, 2026. The decision aims to optimize Bitwise's product lineup to better meet investor needs, though minimal investor...

Market News
Bearish
4 hours ago
PUMP token drops 12.5% amid technical breakdown and app delisting in US and India

PUMP token drops 12.5% amid technical breakdown and app delisting in US and India

The PUMP token from Pump.fun fell 12.5% to $0.004002 after breaking down from a seven-day ascending channel, signaling a bearish momentum shift. Traders faced $5.42 million in liquidations, mostly long positions. The platform added 20 new token pairs...

Technical Signals
Bearish
4 hours ago
Bitcoin falls to $76.6K after US inflation data sparks $562M crypto liquidations

Bitcoin falls to $76.6K after US inflation data sparks $562M crypto liquidations

Bitcoin dropped to $76,651 following the release of US Producer Price Index data showing a 5.4% annual increase, driven by rising energy costs. This led to $562 million in crypto liquidations within 24 hours, mostly affecting long positions worth $48...

Market News
Bearish
4 hours ago
Whale moves $26M in Chainlink tokens to Coinbase as LINK price dips below $12 support.

Whale moves $26M in Chainlink tokens to Coinbase as LINK price dips below $12 support.

A major Chainlink holder transferred 2.41 million LINK tokens worth about $26 million to Coinbase over several weeks, sparking speculation of potential selling pressure. LINK's price recently fell below the critical $12 support level to around $11.80...

Technical Signals
Bearish
4 hours ago
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