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 an 83% chance Bitcoin will reach $60K before $100K by year-end. Myriad markets also favor a $55,000 drop over an $84,000 rise with nearly 68% odds. This bearish outlook reflects concerns over Federal Reserve policies and macroeconomic uncertainty, with limited confidence in a strong recovery above $70,000 in the near term.
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...
Cryptocurrency markets saw a broad decline with major coins like Bitcoin dropping 3.67% to $63,317 and Ethereum falling 3.10% to $1,764.97. Other notable coins such as Binance Coin, Solana, and Cardano also experienced significant losses. Stablecoins...
