Bitcoin’s latest selloff pushed more than 50% of its circulating supply into an unrealized loss, according to K33 Research. More than 10 million $BTC last moved above current prices after Bitcoin briefly fell below $60,000. The move also took Bitcoin under its 200-week moving average. K33 views the area near $60,000 as a possible cycle
Japanese game company Enish (3667.T) sold off all of its holdings in Bitcoin ($BTC) and booked a loss. It is reportedly turning toward staking in the Solana ecosystem. However, dropping $BTC prices have left some major companies to reconsider their strategy. The company reportedly sold 8.063 $BTC for around 79.27 million Japanese yen ($510,000). The
The crypto industry is entering a new phase where institutions no longer base adoption decisions solely on Bitcoin’s price. Instead, they are evaluating whether the underlying financial infrastructure can support long-term participation. In an exclusive interview with Coinpedia, Joey Garcia, Chief Strategy, Policy, and Regulatory Affairs Officer at Xapo Bank, explained why the industry is
Bitcoin trades at $61,433 on June 10, holding above a support zone that briefly broke on June 5 and 6 as Fidelity Digital Assets flagged that price dipped under the 200-week SMA near $61,800, a level historically tied to forced selling events. Bitcoin Daily Chart: RSI at 23 With Every EMA Pointing Down $BTC Daily
Bitcoin ($BTC) recently fell below $60,000 for the first time since February. Having recovered from that level, $BTC seems to have found support above $60,000. While analysts agree that $60,000 is a turning point for $BTC, analytics firm Matrixport said Bitcoin is facing triple pressure, primarily due to CPI data. According to Matrixport’s analysis, Bitcoin’s
A portion of the 40x leveraged Bitcoin ($BTC) short position held by prominent Hyperliquid trader James Wynn has been partially liquidated, according to blockchain analytics platform Onchain Lens. Despite the liquidation event, Wynn has not fully exited the trade and continues to maintain the position, signaling a strong bearish conviction on the leading cryptocurrency. Details
There is the theoretical possibility that at this precise historical moment Bitcoin could be a better investment than gold. Although this is only a hypothesis, it is nonetheless supported by some data that make it at least plausible, even if not necessarily probable. However, to understand this reasoning it is necessary to stop thinking like
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
Bitcoin price started a downside correction from the $64,600 zone. $BTC is showing bearish signs and might continue lower below $61,200. Bitcoin failed to stay above $64,000 and extended losses. The price is trading below $62,800 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at
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