June began, and with it the decline in Bitcoin’s price, which on the 1st of June was trading at about $74K and was now at $62,407.74, a 6.81% decline in just one day. As Bitcoin’s price breached the $63K price level, Michael Saylor took to X to tease again and said, ₿ack to Work Same […]
Bitcoin’s recent price decline is testing one of the asset’s most prominent bullish narratives: that institutional adoption will stabilize volatility and support long-term growth. Despite the downturn, ProCap Financial CEO Anthony Pompliano thinks that the broader trajectory remains intact, framing the current weakness as a natural phase in Bitcoin’s maturation into a mainstream financial asset. […]
Benjamin Cowen, a leading analyst in the cryptocurrency market, joined other market experts in his latest broadcast to discuss the current state of Bitcoin, MicroStrategy’s moves, and developments that could affect global financial markets. Cowen commented on MicroStrategy’s (and Michael Saylor’s) sale of 32 Bitcoins worth approximately $2.5 million after a long hiatus. He stated […]
Arthur Hayes, co-founder and CIO of the BitMEX exchange, has dumped all his Hyperliquid (HYPE) and NEAR Protocol (NEAR) holdings and shifted his focus to Worldcoin (WLD) ahead of the much-anticipated initial public offering (IPO) of Space Exploration Technologies Corporation (SpaceX). As Bitcoin (BTC) led the broader cryptocurrency market into a sell-off, Hayes announced he […]
In brief Bitcoin fell 17% from just under $74,000 Monday to an intraday low of $61,556 Thursday, triggering $4.47 billion in total crypto liquidations over the period. Data from derivatives and options markets show weak demand and increased downside protection bets. Analysts see potential for another leg lower into the $50,000s, with a bottom possible […]
The Bitcoin (BTC) network utilization has dropped to its lowest level in more than seven years amid renewed selling pressure. As of June 4, the 60-day Moving Average for Bitcoin active addresses hovered slightly above 600,000, according to data from Bitcoin Magazine Pro analyzed by Finbold. Bitcoin’s utilization has been declining gradually since the end […]
The cryptocurrency market is having a tough week. Bitcoin ($BTC) and altcoins, already on a downward trend, are experiencing sharp declines following Strategy’s long-standing $BTC sale. At this point, Bitcoin fell to $63,000 and Ethereum (ETH) to $1,770, and Strategy founder Michael Saylor spoke after the sell-off. Saylor stated that the flow of capital from […]