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Bitcoin drops to $59.1K amid debate over who is selling the crypto asset

Market News
06 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin fell to a new yearly low of $59.1K following a strong U.S. jobs report, sparking debate over the source of selling pressure. Some blame Michael Saylor's recent sale of 32 BTC, while others point to long-term holders (OG whales) offloading large amounts of Bitcoin. Analysts also note broader market weakness and macroeconomic factors contributed to the decline. The next potential support level is near $53K, the asset's realized price, but opinions differ on what will drive future price movements.

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Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions rise sharply, signaling growing trader focus and potential volatility.

Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...

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Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

Japan's top robotics firms join NVIDIA Cosmos to advance AI-driven intelligent machines.

NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...

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Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

Oil prices surge toward $90 as US-Iran tensions and Strait of Hormuz risks escalate.

Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...

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4 hours ago
US to impose 25% tariff on Brazilian ethanol next week, citing unfair trade practices

US to impose 25% tariff on Brazilian ethanol next week, citing unfair trade practices

The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...

Market News
Bearish
4 hours ago
Alibaba and Baidu shares rise as Apple integrates their AI tools in China

Alibaba and Baidu shares rise as Apple integrates their AI tools in China

Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...

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