Bitcoin has defended the $64,000-$65,000 support zone after a sharp selloff wiped out over $1.8 billion in positions. The next test is whether buyers can turn this bounce into a stronger recovery. Bitcoin Tests Major Support Zone as Analysts Watch for Relief Rally Bitcoin has dropped into a key high-timeframe support area near $65,000-$67,000, a
Anthropic has picked Morgan Stanley and Goldman Sachs to lead work on its initial public offering, Bloomberg reported, as the Claude maker moves closer to a potential public debut. JPMorgan Chase is also involved in the deal, according to the report. Anthropic is weighing a listing as soon as October and has filed confidentially for
Veteran trader Michael XBT is doubling down on his bearish outlook for Bitcoin, even after it has already fallen 12%. He argues that a major breakdown could trigger a “total destruction” across the market. In a series of posts on X, the trader said Bitcoin’s next move lower could be severe. He claimed his short
Bitcoin fell sharply for a third straight day, sliding below $66,000 on Wednesday and wiping out all of its April gains. Key Takeaways: Bitcoin slid under $66,000 on Wednesday, wiping out its entire April rally and hitting an intraday low of $65,362. Over $1 billion in total crypto positions were liquidated over two days, led
Welcome to our institutional newsletter, Crypto Long & Short. This week: Alex Tapscott on the stalling of the CLARITY Act and how it’s impacting the average American consumer. Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them. Top headlines institutions should pay attention to by Helene Braun
Silicon Valley-based cryptocurrency venture capital firm Variant has completed fundraising for a new $222 million fund, designated Variant 4, with a strategic focus on early-stage investments at the intersection of artificial intelligence and blockchain technology. The news was first reported by Fortune. Fund Details and Investment Strategy Variant 4 marks the firm’s latest capital raise
Bitcoin ($BTC) trades near $67,002, and on-chain data from Glassnode shows the long-term holder cohort is signaling more downside before this bear market prints a cycle low. Three Glassnode charts point in the same direction. Holders carrying coins for over 155 days appear stressed. Yet they have not reached the pain levels that historically marked
The crypto market fell nearly 7% in 24 hours into June 3, with Bitcoin briefly breaking below $66,000 and around $1.8 billion in positions wiped out. The drop looked sudden, but the on-chain data had been flashing for days. Leverage sat at October-crash levels, funding ran hot, and a rare Strategy Bitcoin sale was the
Traders looking for silver linings as Bitcoin price dropped to $65,710 on June 3 are not getting it from analysts who point to how derivatives trades are setting up and the long line to exit crypto funds in their warnings that more pain could be coming. The money leaving crypto is not disappearing into thin
Jamie Coutts, Chief Crypto Analyst at Real Vision, believes crypto may have one more leg lower before a recovery, but says anyone buying Bitcoin in the $60,000s on a long-term horizon is likely making one of the better financial decisions available right now. Speaking in a recent interview, Coutts laid out a measured case for