Strategy’s (formerly MicroStrategy) first publicized bitcoin sale has triggered a $15 million resolution dispute on Polymarket. While the sale was announced in a June 1 filing, the actual disposition occurred in late May. Bettors are now split on whether sales executed between May 26 and May 31 should count for the prediction market’s May 31
The end of May 2026 brought a dangerous anomaly to financial markets as the U.S. S&P 500 index stormed to historical highs while the cryptocurrency sector rapidly lost ground. This price gap forced Bloomberg Intelligence senior commodity strategist Mike McGlone to register a hard technical sell signal. In his outlook, the industry has launched a
Bitcoin has entered a bearish channel after slipping below key support levels as ETF outflows, rising oil prices, and renewed geopolitical uncertainty weighed on market sentiment. According to crypto.news data, Bitcoin ($BTC) traded near $72,700 at press time after briefly falling toward the $72,600 region during early Monday trading. It remains down nearly 1.5% in
Strategy (MSTR) sold 32 bitcoin between May 26 and May 31 at an average net price of $77,135 a coin, totaling $2.5 million, the company disclosed in an 8-K filing on Monday. The disposal is Strategy’s first disclosed bitcoin sale and the proceeds are earmarked to fund distributions on its preferred stock, according to a
MicroStrategy (Strategy), an institutional bull company known for its regular weekly Bitcoin ($BTC) purchases, has now sold $BTC. Strategy, which has made numerous statements in recent weeks regarding a possible Bitcoin sale, has for the first time broken its “we will never sell Bitcoin” strategy, which it has stated repeatedly since 2020. According to the
The leading cryptocurrency, Bitcoin ($BTC), is facing risks in the Middle East on the first trading day of June. This has pushed the price below $73,000, placing $BTC at a critical juncture for the coming days. Market predictions suggest the market could test the liquidity zone around $72,000, while US employment figures are also cited
Bitcoin and software stocks moved almost in lockstep for much of the past five years, with BTC treated as a high-beta technology asset. The iShares Expanded Tech-Software Sector ETF (IGV) served as one of the best proxies for the software sector. That relationship, however, appears to have broken down. Since May 14, bitcoin and IGV
Bitcoin market analyst PlanB has issued a cautious forecast, stating there is a greater than 50% probability that Bitcoin ($BTC) will fall below $61,000. In a post on X, the analyst known for his stock-to-flow model highlighted a divided market, with some believing the $60,000 level reached in February marked the cycle bottom, while others
It has been suggested that Bitcoin (BTC), the flagship of the cryptocurrency market, may rebound after reaching a short-term low in June. A recent analysis published by BIT, a digital asset research company formerly known as Matrixport, indicates that despite seasonal weakness, there are significant catalysts that could support the market in the coming period.
Bitcoin is currently pinned below $75,000 after falling more than 5% over the past week, with institutional selling, heavy liquidations, and macroeconomic uncertainty keeping the cryptocurrency under pressure. According to CoinGecko data, Bitcoin was trading near $73,300 at last check after briefly dropping to a monthly low of $72,785 on Thursday. The cryptocurrency now sits