Bitcoin has dropped 13% this week, hitting a key support level around $58,000 after failing to reclaim its 50-week EMA. Investors have pulled over $4 billion from Bitcoin ETFs in the past 12 days, reflecting heightened market fear due to geopolitical tensions and US trade threats. If Bitcoin holds the $58,000 support, a strong bounce could signal the start of a new bull market with a potential rally to $75,000. However, a break below $58,000 could lead to a further decline toward $36,000, echoing previous bearish patterns.
Multiple prediction markets including Polymarket, Kalshi, and Myriad show traders expect Bitcoin to drop below $60,000 in June 2026. Polymarket's June market prices a 62% probability of Bitcoin hitting $60K or lower, while Kalshi's contract indicates...
Hedge funds reduced their exposure to U.S. spot Bitcoin ETFs by 39% in the first quarter, contributing to a 17% overall decline in professional investors' Bitcoin ETF holdings as Bitcoin prices fell 22%. Brokerages also cut holdings significantly, wh...
Bitcoin fell to around $63,000 as cryptocurrency markets declined sharply, triggered by a $400 billion capital rotation into AI-related investments and over $1.74 billion in liquidations within 24 hours. Data showed nearly 290,000 traders were liquid...
Michael Saylor's Strategy Inc. reported a historic $10.8 billion unrealized loss on its Bitcoin holdings, drawing sharp criticism from financial commentators like Jim Cramer and Peter Schiff. The company recently sold 32 Bitcoins for the first time s...
Kalshi has introduced CFTC-regulated Ethereum perpetual futures in the United States, following its recent launch of Bitcoin perpetual futures. These new "American Perpetuals" allow U.S. traders to access regulated, leveraged Ethereum exposure withou...
