Bitcoin has dropped more than 15% this week, briefly nearing $61,000, yet Standard Chartered maintains its year-end price target of $100,000. The bank views the recent selloff as potentially nearing its end, citing smaller liquidation volumes compared to past crashes and steady inflows into spot Bitcoin ETFs. Standard Chartered also expects Strategy, a major Bitcoin holder, to resume aggressive purchases after a recent sale, reinforcing a bullish outlook. Despite Bitcoin being down about 30% for the year, the bank believes current prices could be an attractive entry point looking toward 2026.
Solana's price fell to a multi-year low around $69.97, down over 6.8% in 24 hours and 18.3% monthly, following a broad crypto sell-off triggered by Bitcoin dropping toward $61,300. This led to $1.6 billion in leveraged liquidations, pushing Solana be...
Cryptocurrency markets experienced a broad decline, with Bitcoin falling 3.29% to $63,699 and Ethereum down 2.85% to $1,774. Major altcoins like Binance Coin, XRP, and Solana also saw notable drops. This downturn reflects ongoing market volatility an...
Dave Portnoy, founder of Barstool Sports, announced he will not sell his XRP and Bitcoin holdings despite suffering multimillion-dollar losses due to a prolonged crypto market downturn. He revealed that his XRP position, bought near a peak at $1.70, ...
Bitcoin fell to around $61,310 on June 4 after Strategy (formerly Microstrategy) sold 32 BTC, ending its buy-and-hold streak since 2022. The sale was minor but symbolically significant, sparking debate over its impact amid $4 billion in outflows from...
Bitcoin price recovered from a low near $61,550 to around $63,800 after US jobless claims exceeded expectations, suggesting the Federal Reserve might cut interest rates later this year. Despite the rebound, Bitcoin remains about 22% below its May pea...
