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Bitcoin trades at $72K, far below $224K fair value amid debt crisis and market uncertainty.

Market News
03 Jun 2026
Bitcoin
View Source
Bullish
pluang ai news

Bitcoin's price fell to around $72,000 in May after a brief rise to $83,000, driven by $1 billion outflows from Bitcoin exchange-traded products (ETPs). Bitwise Europe's model values Bitcoin at about $224,000 as a hedge against sovereign debt defaults, highlighting a significant undervaluation amid rising global debt stress and a divided macroeconomic environment. Long-term Bitcoin holders reached a record 14.85 million BTC, showing strong supply lock-up despite low trading activity. The key resistance zone is $78,000 to $85,000, with a reclaim above $85,000 potentially signaling a new bull market cycle.

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