The leading cryptocurrency, Bitcoin ($BTC), fell below $70,000 following a downward trend seen in recent weeks and yesterday’s $BTC sale by institutional bull Strategy. As $BTC fell below $70,000 for the first time since April, the percentage of investors experiencing losses also increased. CryptoQuant analyst Julio Moreno states that the loss in $BTC supply has
New York Stock Exchange-listed technology firm Hyperscale disclosed that it holds 704.3405 Bitcoin as of May 31, confirming a steady corporate treasury position despite a week without new open-market acquisitions. The announcement, filed in a regulatory update, provides a snapshot of the company’s digital asset strategy at the close of the month. Corporate Bitcoin Holdings
As Bitcoin ($BTC) faces renewed bearish sentiment, dropping below the $70,000 mark, the Bitcoin Rainbow Chart suggests the asset remains significantly undervalued relative to its long-term growth trend. The popular valuation model, which uses logarithmic regression to map Bitcoin’s historical price performance, currently places the cryptocurrency below its lowest projected valuation band for the end
Bitcoin ($BTC) sellers took control during the European trading session on Tuesday as the $BTC/USD pair slipped below the $70,000 mark for the first time since April. Analysts said that Bitcoin has entered another distribution phase due to high selling pressure and investors realizing losses. Key takeaways: Bitcoin sees renewed distribution as short-term holders sell
Bitcoin Price Slips Below Psychological $70,000 Support The cryptocurrency market faced severe downward pressure on Tuesday morning as the Bitcoin price officially broke below the critical $70,000 psychological baseline. $BTC dropped by nearly 4% over a 24-hour window, hitting intraday lows near $69,371. Bitcoin price today in USD This unexpected correction has disrupted weeks of
A Tether-linked Bitcoin reserve address has transferred 204.3 $BTC, valued at approximately $14.36 million, to the Bitfinex exchange, according to on-chain data shared by blockchain analytics firm EmberCN via X. The transaction occurred roughly two hours before the report was published. Background of the Tether $BTC reserve address This particular wallet has been actively accumulating
After experiencing a nice recovery in early May, Bitcoin ($BTC) and Ethereum ($ETH) have been undergoing a major pullback in recent weeks. After rising above $82,000, the Bitcoin price fell below $70,000, and some market analysts are warning against further declines. While market anxiety persists, Bitmine (BMNR) Chairman Tom Lee says that despite short-term weakness,
Strive (ASST) has acquired 2,500 bitcoin for roughly $185.2 million at an average price of $74,092 per coin, the company reported in an 8-K filing. It was completed at a lower average price than Strive’s last disclosed acquisition of 1,109 $BTC at $76,989 on May 22, suggesting the company bought into the slide that has
Latest developments: Balchunas argued investors are overreacting to recent Bitcoin ETF redemptions. Speaking with CoinDesk’s Jennifer Sanasie and Dave Lavalle on Public Keys, Balchunas said roughly $3 billion in outflows from a market with about $100 billion in assets is “totally meaningless” compared with normal ETF flow patterns. He compared Bitcoin ETF flows to major