Bitcoin fell below $71,000 on June 1, marking its lowest point since April, amid rising U.S.-Iran military tensions and a broader crypto market sell-off. This decline wiped out $627 million in leveraged positions and reduced the total crypto market cap to $2.52 trillion. The sell-off was further fueled by news that Strategy sold 32 bitcoins in late May, sparking fears of a bearish shift despite the sale representing a small fraction of its holdings. Market uncertainty remains high due to geopolitical risks and concerns over future bitcoin sales by major holders.
Bitcoin fell sharply by about 3% at the start of the month following news that Michael Saylor sold Bitcoin for the first time. This triggered significant liquidations, with over 154,000 traders losing positions worth $632 million in 24 hours. Spot Bi...
Crypto investment products experienced $1.67 billion in outflows last week, marking the second-largest weekly withdrawal of 2026, driven mainly by U.S. investors amid rising geopolitical tensions involving Iran and Israel. Bitcoin funds faced the lar...
Bitcoin fell below $71,000 due to escalating geopolitical tensions between the US and Iran, including threats to block key maritime routes. The decline was compounded by Strategy's sale of 32 BTC to fund dividends, marking its first Bitcoin sale sinc...
Cryptocurrency markets saw a general downturn with major coins like Bitcoin dropping 3.2% to $71,053 and Ethereum falling 1.47% to $1,968.62. Other notable cryptocurrencies such as Binance Coin and XRP also experienced declines. This reflects ongoing...
Tether, known for its stablecoin USDT, is hiring AI inference engineers skilled in C++ to advance its QVAC platform, which runs AI directly on user devices without cloud reliance. This local-first AI approach enhances privacy by keeping data on the d...
