BlackRock Inc. (NYSE: BLK) saw its iShares Bitcoin Trust (IBIT) dump more than $265 million in Bitcoin (BTC) on Thursday. BlackRock’s IBIT recorded a net cash outflow of $265.68 million on June 25, according to data from SoSoValue, analyzed by Finbold on June 26. As such, the fund held a total net asset of approximately […]
Binance Holdings Ltd. is set to halt key crypto trading and exchange services for users across the European Union starting July 1, 2026, as the bloc’s MiCA (Markets in Crypto-Assets) regulation takes full effect. A few days ahead of the deadline, the company withdrew its MiCA crypto license in Greece. The decision came after the […]
XRP is getting dangerously close to crashing below $1 on Friday, June 26, amid a huge sell-off triggered by broader crypto weakness and heavy derivatives liquidations. The digital asset has fallen nearly 9% this week, trading at $1.01 at one point earlier today, and the latest CoinGlass data shows that over 97% of XRP long […]
Just when the leading cryptocurrency Bitcoin seemed to be recovering, it experienced new declines. Yesterday evening, another drop occurred, pushing the price down to around $58,000. With this price decline, Bitcoin’s market capitalization/realized value ratio (MVRV) also fell to 1.1. Analyzing this situation, Crypto Dan from CryptoQuant noted that Bitcoin’s MVRV ratio, obtained by dividing […]
Grant Cardone, CEO of Cardone Capital, used this week’s crypto slide to restate the case for his bitcoin-and-property model, saying the structure is designed to keep buying as prices fall. “We work to improve the cash flow of the real estate and buy more bitcoin as it falls,” Cardone said in a post on X. […]
Bitcoin’s quiet price action may be masking a buildup in market activity, as unusual trading-volume spikes appear across spot and derivatives exchanges. Charts shared by Coin Bureau, using CryptoQuant data, compare Bitcoin’s price with trading volume from 2018 through 2026. Several highlighted periods show abrupt increases in activity while BTC was consolidating or approaching an […]
Bitcoin’s latest recovery attempt lost momentum as weakness in Strategy’s preferred security, STRC, added to broader concerns surrounding the company’s Bitcoin-linked capital structure. Market analyst Michael van de Poppe said Bitcoin appeared close to breaking higher before the move stalled. He argued that STRC must recover quickly for confidence to return, while continued declines could […]
Bitcoin’s ($BTC) drop to $58,000 has pushed the price into a zone that long-term power-law models have historically associated with cycle bottoms. The data does not confirm a bottom range, though it shows $BTC trading in a price range that has repeatedly marked major lows since 2014. Derivatives data and liquidation levels highlight $55,000 as […]
Institutional Bitcoin demand is showing fresh signs of fatigue, with K33 Research reportedly flagging a record drawdown in global Bitcoin ETP holdings and rolling one-year flows turning negative for the first time since 2023. TL;DR K33 Research reportedly says global Bitcoin ETP holdings are down 8% from their peak. Rolling one-year flows have turned negative […]
Bitcoin $BTC$59,211.32 started the Thursday U.S. session with a fast 5% plunge to $58,000, its weakest level since 2024. The largest cryptocurrency has since bounced to $59,400, down 2.5% over the past 24 hours. The selloff spread across the broader crypto market. Ether (ETH) dropped to around $1,550, down 5.5%, while solana (SOL) and DOGE$0.07293 […]