Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. According to Finestel’s May market report shared with crypto.news, Bitcoin (BTC) entered the month with strong momentum and briefly climbed to nearly $82,839
Market data suggests that the amount of Bitcoin collectively held by ETFs and the $BTC treasury company MicroStrategy surpasses that held by pseudonymous $BTC creator Satoshi Nakamoto. CryptoQuant CEO Ki Young Ju highlighted this aspect of $BTC supply dynamics, which has not moved its price. This distribution phase feels like a massive change of hands.
Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. According to Jim Ferraioli, director of digital currencies research and strategy at Charles Schwab, Bitcoin’s inability to
The largest cryptocurrency by market capitalization has been nosediving lately, with its price posting another substantial decline over the past 24 hours. Multiple analysts believe the valuation could reach new lows in the near future, while one key indicator suggests a rebound could be on the horizon. How Much Lower? There’s no way to soften
Though 2025 – the first year of President Donald Trump’s second term – appeared for a time to be delivering on the hopes of the cryptocurrency industry and community, the market eventually shifted decisively downward. Overall, the first 500 days of the Republican’s administration resulted in the loss of 45,904 Bitcoin ($BTC) millionaire addresses, per
The key trigger behind the current decline in Bitcoin’s price is developers’ disregard for the quantum threat, which has pushed the Bitcoin Quantum Discount to a new high of 28%, according to a statement by Capriole Investments founder Charles Edwards. Fresh data from Edwards’ model reveals a massive gap between Bitcoin’s market price and its
Bitcoin ($BTC) dropped to roughly $61,500 in early Asian trading hours. This marked its lowest level since early February. Today’s sell-off wiped out more than $1 billion in leveraged positions across the crypto market in 24 hours. Bitcoin ($BTC) Price Performance. Source: BeInCrypto Markets The decline extended a slide that has erased 20% Bitcoin’s value
Bitcoin [$BTC] fell by another 3.9% in the last 24 hours, extending its price plunge to a local low of $61.4K. Strategy announced a 32 $BTC sale, the first since 2022. Heavy spot ETF outflows helped drive the price even lower. As expected, this caused a lot of capitulation, especially from short-term holders who bought
Joe Weisenthal, one of the hosts of Bloomberg’s Odd Lots program, suggested in a press release that the current period could be “the harshest crypto winter in history.” According to Weisenthal, the cryptocurrency market is facing many negative trends simultaneously, unlike in past cycles. Weisenthal noted that investors can no longer argue as strongly as
The Crypto Fear and Greed Index plunged to 11 on June 3, 2026, one of the lowest sentiment readings in months, as bitcoin traded near $65,853 and traders publicly debated whether $50,000 is next. Key Takeaways: The Crypto Fear and Greed Index dropped to 11 on June 3, 2026, as bitcoin traded at $65,853 at