Late on Tuesday, June 9, the best-selling author and prominent investor Robert Kiyosaki took to X to expand on his thesis about self-destructive ‘fake money’ by weighing in on what he considers ‘fake assets.’ Specifically, the ‘Rich Dad Poor Dad’ writer explained that many traders are under the illusion of having a diversified portfolio since […]
Strategy (MSTR) acquired 1,550 bitcoin for approximately $101 million, increasing its total holdings to 845,256 $BTC, according to a Monday announcement from Executive Chairman Michael Saylor. The purchase comes after bitcoin fell around 15% last week, briefly trading below $60,000 before rebounding above $62,000. The decline in bitcoin price followed, at least partially, after Saylor […]
Today, the entire crypto market is on edge as the U.S. Consumer Price Index (CPI) report is set to be released at 8:30 AM ET. Economists expect annual inflation to climb to 4.2%, its highest level since March 2023. With Bitcoin already struggling near $61,000, stronger-than-expected economic data could put more pressure on the price […]
Wintermute said bitcoin’s latest decline was driven mainly by U.S. institutional selling and ETF outflows, not Strategy’s small $BTC sale. The firm warned that capital inflows have not returned, making it too early to call a market bottom. Key Takeaways: Wintermute said exchange-traded fund (ETF) outflows, not Strategy’s 32 $BTC sale, drove bitcoin below $62,000. […]
Bitcoin is holding above $62,000 after the massive drop that defined last week’s market action and erased months of recovery progress in a matter of days. The price is stabilizing — but analyst MorenoDV has published a demand analysis that places the current market conditions in a historical context that makes the stability feel considerably […]
According to Grayscale’s latest research report, on-chain valuation metrics are showing that $BTC is trading below its long-term average at $60,000. This indicator is telling that $BTC is cheap, but not as much as previous cyclical lows during previous crashes like the FTX bear run in 2022. The company stated that the ongoing regulatory developments […]
Bitcoin’s recent selloff has yet to establish a durable market bottom as institutional demand remains absent and capital continues to leave spot Bitcoin ETFs, according to a new market note from Wintermute. According to data from crypto.news, Bitcoin ($BTC) traded near $61,828 on Tuesday, down 3.18% over the past 24 hours and more than 14% […]
Worldcoin (WLD) price has surged more than 20% over the past three days after rumors that OpenAI was seeking an initial public offering (IPO) were confirmed on Monday. Worldcoin price climbed from $0.41 on June 7 to around $0.52 on June 9, up 24%. As of press time, WLD’s market capitalization hovered around $1.75 billion, […]
Bitcoin’s brief weekend rally lost its footing as a sudden resumption of military hostilities between Israel and Iran triggered a broad rotation away from risk-on investments. The geopolitical escalation, which defied explicit diplomatic pressure from Washington, sent global energy benchmarks surging and equity markets lower, leaving $BTC to defend a highly fragile $60,000 baseline. Data […]