Bitcoin is expected to have a challenging summer as investors rotate capital into AI-related stocks and upcoming tech IPOs, according to K33 Research. The firm highlights fading institutional demand, significant outflows from bitcoin ETFs, and vulnerabilities in derivatives markets as key factors behind bitcoin's recent weakness. Although K33 previously saw $60,000 as a cycle low, rising leverage and reduced institutional interest could lead to deeper losses. Despite this, bitcoin is still viewed as undervalued compared to equities, but the market outlook is more cautious with a likely period of volatility ahead.
Bitcoin's price fell below $70,000, pushing its market dominance down to about 58%, while the Altcoin Season Index rose to 49, still below the 75 needed to confirm an altseason. This suggests capital is shifting somewhat from Bitcoin to select altcoi...
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines exceeding 4% in a recent market downturn. Bitcoin fell by over 6%, while Ethereum dropped more than 4%, reflecting broader investor caution ...
Finbold AI Agent forecasts Bitcoin price could fall by 7.41% to around $62,678 by June 30, 2026, following a 14% drop in May. The prediction is based on multiple AI models and technical indicators, reflecting bearish momentum and decreasing demand fo...
Bitcoin fell sharply by 5.6% to $67,400 amid a major shift of institutional capital from cryptocurrencies to artificial intelligence. This move follows Google's launch of an $80 billion AI fund, backed by Berkshire Hathaway, signaling one of the larg...
Investors have pulled $3.45 billion from US spot bitcoin ETFs over 11 trading sessions, marking the longest withdrawal streak since these funds launched in January 2024. This coincides with bitcoin's price falling below $70,000, trading around $69,00...
