In brief Bitcoin is now trading below its 2024 Election Day mark as it continues its slide this week. The top crypto asset briefly traded below $60,000 for the first time since 2024, and is now nearly 52% off its all-time high. Trump said recently that he’ll “never let crypto down,” but his markets influence
The total cryptocurrency market capitalization has sunk to roughly $2.2 trillion as of the 6th of June, extending a steep multi-week drawdown. ProCap $BTC chief investment officer Jeff Park argues the decline owes more to capital rotation ahead of the market’s next crowded trades than to any structural weakness in crypto itself. Jeff Park ties
There is a clear distinction between possibility and reality in market structure. June has already kicked off with bearish predictions taking the market by storm. Looking at how the month has begun with Bitcoin’s nearly 20% correction, it is no wonder the market is now pricing in a deeper correction, with multiple headlines pointing to
The crypto market is once again focused on ETF activity after reports revealed that the BlackRock Bitcoin ETF sold approximately $213.63 million worth of Bitcoin. The move quickly attracted attention because BlackRock manages one of the largest spot Bitcoin ETFs in the world. Whenever a fund of this size adjusts its holdings, traders and analysts
Bitcoin clawed its way back from a sharp weekend sell-off after bears briefly dragged the price to $59,100, triggering a volatile 24-hour swing before buyers reclaimed ground and lifted the asset above $61,600. As of 8 a.m. EDT on June 6, 2026, over the last hour, bitcoin is changing hands between $60,800 to $61,000 on
Bitcoin’s fall into oversold territory has led technical indicators to signal a possible recovery. According to analysts, $BTC, which has lost approximately 30 percent of its value in the last month, has reached its lowest Relative Strength Index (RSI) level since the pandemic-induced market crash of 2020. A chart showing daily RSI data for $BTC.
A Bitcoin address that had held 35.55 bitcoin worth $2.54 million untouched since March 2011 moved its coins earlier this wee,, becoming one of the first publicly visible responses from a named defendant in a New York state lawsuit that claims legal title over 39,069 dormant bitcoin wallets. The wallet, 1LwWtSs7tMCwcRczQd5kVMv3xpWw6w4Sxe, sent 15 $BTC to
Bitcoin, the first and largest cryptocurrency by market capitalization, hit a new low, tumbling below February’s levels. Early that month, Bitcoin dropped as low as $60,062. Bitcoin dropped as low as $59,073 on Friday, the lowest since October 2024, with analysts dubbing the price a “fresh Bitcoin bear market low.” The drop followed a strong
Following bitcoin’s worst week in two years, Strategy(MSTR) Executive Chairman Michael Saylor published a framework on X, arguing that the Bitcoin community is evolving into four distinct ideological camps. Rather than viewing these groups as competitors, he presents them as complementary forces that will collectively shape bitcoin’s future. The first group, Bitcoin Maximalists, sees Bitcoin
Bitcoin ($BTC) trades near $60,000 after a 5% daily drop, leaving it about 50% below its record high. Three widely shared charts argue that the four-year cycle is intact and that the deeper cycle bottom still lies ahead. The setup echoes recent BeInCrypto analysis, placing the cycle low in the fourth quarter of 2026. The