Bitcoin has fallen 22% from its May peak, more than $12 billion has left the network, and investors have been locking in losses for 25 consecutive days. To many traders, that sounds like a market bottom. But according to crypto analyst Axel Adler Jr., the current market drop may not be the true market bottom.
Julian Liniger, co-founder and CEO of the Bitcoin investment app Relai, has reaffirmed his conviction that Bitcoin represents the ultimate store of value, describing it as a savings technology designed for long-term wealth preservation rather than short-term speculation. In an interview with The Block, Liniger argued that while Bitcoin was built with a decades-long outlook
At the time of writing, bitcoin is trading at $63,440, reflecting a modest 2.9% gain over the past week. With BTC navigating a period of consolidation and Anthropic unveiling its new Mythos-based model Fable, we decided to consult Fable alongside several other leading artificial intelligence (AI) models to forecast bitcoin’s next potential price move. Key
Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid
Michael Saylor, executive chairman of Strategy, defended the company’s recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing “digital credit.” Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 $BTC in a move that appeared
Bitcoin recovered some ground following an earlier drop in the week. Earlier, the largest crypto had traded at a high of $73,978 on the first day of June and fell to a low of $59,073 on June 5 as selling intensified. Bitcoin returned above $60,000 this week and trades at $63,790 at press time. Bitcoin’s
Michael Saylor said SpaceX’s IPO marks a milestone for corporate Bitcoin adoption, arguing that 25% of the so-called Mag 8 now hold $BTC on their balance sheets. In a June 13 X post, the Strategy chairman congratulated Elon Musk and SpaceX following the company’s highly anticipated stock market debut. Saylor used the occasion to highlight
Bitcoin has touched its 50-month moving average for only the fourth time in its history. Crypto analyst Dan Gambardello says this level has marked major market bottoms in previous cycles. Gambardello said Bitcoin’s interactions with the 50-month moving average in 2015, 2018, and 2022 all coincided with bear-market lows. Now, with Bitcoin revisiting the same
According to a recent SoSoValue update, U.S. spot Bitcoin ETFs recorded $85.85 million in daily total net inflow on June 12. Total value traded reached $1.81 billion, while total net assets stood at $79.65 billion. Those assets represented 6.26% of Bitcoin’s market capitalization after the update completed. BlackRock IBIT draws $57.69M as Fidelity FBTC adds