After rising above $82,000 in the first week of May, Bitcoin (BTC) has once again entered a downward trend. As Bitcoin’s decline extends below $70,000, the question is whether the local low of $60,000 seen in February will be retested. While the reasons for the ongoing decline in Bitcoin and the market are being wondered
In brief Traders have become bearish on Bitcoin, now favoring the next stop being $55,000 instead of $84,000. The flip comes as Bitcoin continues to slide following Strategy’s $BTC sale and surging ETF outflows. Bitcoin is now trading below $68,000—its lowest price in nearly two months. Bitcoin traders are losing faith in the top crypto
Bitcoin occupies a fascinating classification gray zone: part commodity, part currency, part technology asset, part macro hedge. Far from being a mere philosophical curiosity, that ambiguity is the defining feature of how the asset trades. Because no shared understanding of what bitcoin fundamentally is has yet taken hold, no consistent framework exists for how it
Bitcoin price has fallen below $68,000 on Tuesday, its lowest level since early April, battered by a multitude of forces. Some of them include Strategy’s first Bitcoin sale in three and a half years, a record ETF outflow streak, and fresh on-chain movement from the long-dormant Mt. Gox estate. The catalyst that some think rattled
Bitcoin plunged below the $69,000 mark, triggering accelerated selling across the crypto market. Bearish pressure at the beginning of June 2026 took on a dominant character after Strategy recorded its first sale of part of its holdings in three years, instantly wiping almost $5,000 off the asset’s price. At this critical moment, legendary trader Peter
US spot Bitcoin ETFs just posted the longest withdrawal streak in their history. Across nine consecutive trading sessions in late May 2026, extending toward a tenth, investors pulled roughly $2.8 billion out of the funds, with the total nearing $2.97 billion at its peak. BlackRock’s iShares Bitcoin Trust, the giant of the category, accounted for
A bitcoin wallet, silent since March 27, 2011, moved 35.55 $BTC worth approximately $2.54 million on June 2, 2026, not too long after being named as a defendant in a New York court case that claims nearly 3.8 million dormant bitcoins are legally abandoned property. Key Takeaways: A bitcoin wallet dormant since 2011 moved 35.55
After it lost the crucial support at $70,000, bitcoin’s situation has only worsened, with a fresh dive to a new multi-month low. Although many alts are in the red as well now, their losses are not as crucial, and $BTC’s dominance has further declined. BTCUSD June 2. Source: TradingView The chart above demonstrates bitcoin’s dire
The leading cryptocurrency, Bitcoin ($BTC), fell below $70,000 for the first time since April. While rising war tensions, inflationary pressures, ETF outflows, Strategy’s sales, and short-term investor selling all contributed to this decline, analysis companies analyzed the latest situation in $BTC. According to analysis by on-chain analytics firm Swissblock, Bitcoin’s fall below the $72,000 level,
With today’s drop of 3.3%, the Bitcoin price breaks below $70,000 and triggers $270 million in long liquidation. Spot Bitcoin ETFs witnessed an 11-session streak of net outflows, removing approximately $3.45 billion from the market. Renewed wallet activity linked to the Mt. Gox bankruptcy estate revived concerns about potential creditor distributions and additional Bitcoin entering