Since losing the $70k support level, Bitcoin’s [$BTC] downward momentum has intensified, with the price falling to a four-month low of $61,309. At press time, Bitcoin had made a slight rebound, trading at $63,306, but was still down 4.7% on the daily charts. With $BTC falling to February lows, the derivatives market is heating up,
Reza Bundy, chief executive of Atlas Capital and business partner of longtime bitcoin critic Nouriel Roubini, expects bitcoin to fall as much as 70% over the next six months before eventually climbing as high as $500,000 in the years ahead. Speaking to CoinDesk at the Proof of Talk conference in Paris, Reza Bundy, CEO of
Investment advisor Ross Gerber has fiercely criticized Michael Saylor following news that Strategy Inc. sold a portion of its Bitcoin holdings. Gerber accused Saylor of executing a “rug pull” on the market, noting that Saylor had previously claimed he would never sell the cryptocurrency . Strategy sold 32 Bitcoin worth approximately $2.5 million. This represents
Bitcoin is down over 16% in the past week, falling from a high of around $76k to currently trading at $62k mark. The largest cryptocurrency is now down roughly 50% from its all time high set in October last year. Heavy ETF outflows, bearish headlines from Mt. Gox adding sell side pressure and Strategy’s first
Grayscale Research Director Zach Pandl said Bitcoin ($BTC) could enter a recovery phase in the coming months, but a lasting bottom requires new buyers to enter the market. Pandl stated that Strategy’s announcement on June 1st that it had sold 32 $BTC triggered a new wave of volatility in the Bitcoin market. However, he added
At 8:30 a.m. EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310 swing low at the center of every active trader’s attention. The technical picture is uniformly bearish across the daily, 4-hour, and 1-hour
Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. By June 4, Bitcoin had fallen to $61,655, its lowest level in months and more than 50% below the October 2025 all-time high near
Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year. According to data from crypto.news, Bitcoin (BTC) price traded at around $63,800 at press time on June 4, recovering from an intraday low near $61,550. Despite
Strategy chairman Michael Saylor publicly commented on the prolonged decline in the crypto market, which has caused the price of Bitcoin and the company’s stock, MSTR, to lose more than 10% since the beginning of June 2026. According to Saylor, the current downtrend is not caused by a systemic crisis or a loss of confidence
Barstool Sports founder Dave Portnoy, known for his eccentric takes on the crypto market, has once again confirmed his unofficial status as the person with the worst timing in the industry after admitting to multimillion-dollar losses on his key positions. In a recent social media address, Portnoy publicly confirmed that he owns a ton of