Bitcoin's price dropped toward $73,000 this week as technical charts show a bearish pattern suggesting possible further declines to around $50,000. A wallet linked to Strategy, Bitcoin's largest corporate holder, transferred 411.48 BTC worth about $30.3 million to Coinbase Prime, raising concerns that the company might sell some holdings. Additionally, US spot Bitcoin ETFs have seen over $4 billion in outflows since early May, indicating cautious institutional demand. These factors combined put pressure on Bitcoin's recovery, with a sustained drop below key support levels potentially leading to deeper losses.
Bitcoin has declined 5.42% over the past week, trading near $73,693 amid ongoing outflows from BlackRock’s iShares Bitcoin Trust (IBIT), signaling weakening institutional demand. Meanwhile, Wall Street is increasingly investing in artificial intellig...
The crypto market is recovering with gains in Bitcoin, Ethereum, and XRP following a U.S.-Iran ceasefire extension and dip buying by traders. Nearly $7.5 billion in crypto options are expiring today, creating cautious sentiment. Bitcoin shows bullish...
Strategy's CEO Phong Le revealed plans to raise over $80 billion to buy Bitcoin, reinforcing its position as the largest corporate Bitcoin holder with over 500,000 BTC. This large-scale purchase could drive up Bitcoin demand and prices in the short t...
On May 29, 2026, $7.5 billion worth of Bitcoin and Ethereum options expired, with $6.2 billion in Bitcoin and $1.29 billion in Ethereum contracts. The Max Pain prices—where option holders face maximum losses—were above current market prices, intensif...
Bitcoin price steadied around $73,000 after a three-day decline triggered by Iran-related geopolitical tensions, large ETF outflows, and leveraged liquidations. Despite some easing in U.S.-Iran tensions and hopes for a ceasefire extension, bearish te...
