Bitcoin’s recent price decline is not the result of a single trigger but a convergence of pressures, according to a new report from digital asset exchange Bitfinex. The analysis identifies large-scale outflows from spot Bitcoin exchange-traded funds (ETFs), a deleveraging event in the derivatives market, and renewed macroeconomic concerns over prolonged high interest rates as
Bitcoin has slipped into what analysts call a “cheap zone,” with its market value to realized value (MVRV) ratio falling to 1.1, a 27-month low. A reading of this nature has historically preceded major market bottoms. Key Takeaways: Bitcoin’s MVRV ratio fell to 1.1, its lowest since March 2023, signaling deep undervaluation. Readings near this
Bitcoin climbed back above $63,000 Monday morning as institutional buyers stepped in and U.S. lawmakers advanced key crypto legislation, pushing the total digital asset market cap to $2.19 trillion. Key Takeaways: Strategy purchased 1,550 $BTC for $101M Monday as bitcoin recovered above $63,000 from June lows. Bitmine acquired 126,971 $ETH last week as total crypto
Bitcoin traders are preparing for a series of U.S. inflation reports this week that could determine whether the crypto asset can hold its recent recovery from the $60,000 area or face another wave of selling pressure. According to Trading Economics forecasts, the Consumer Price Index report due on June 10 is expected to show headline
Crypto trader Eugene said he has largely exited the crypto market and moved capital into U.S. equities, citing a lack of compelling opportunities in digital assets. The trader stated that current market conditions do not offer an attractive risk-reward profile and pointed out that he is not interested in increasing exposure to Bitcoin despite recent
Recent drop in Bitcoin below $60,000 have rattled some investors but institutional buyers are viewing the decline as a buying opportunity rather than a reason to panic. Coinbase Head of Institutional Strategy John D’Agostino shared this view in a recent interview with CNBC. This comes as Bitcoin trades at $63,000 after a sharp correction last
While Bitcoin has recovered slightly following the latest price drop, market data suggests the premier crypto asset remains in the danger zone. Bitcoin (BTC) is seeing renewed selling pressure in recent weeks, dropping from about $73,000 at the start of the month to below $60,000. While the crypto asset has since recovered above $63,000, data
Barstool Sports founder Dave Portnoy called on Michael Saylor, the head of the largest Bitcoin treasury company, MicroStrategy, to increase the scale of the company’s Bitcoin purchases, posting the meme “MORE!” as a reaction to the official announcement that MicroStrategy had acquired 1,550 $BTC more over the past week. Portnoy’s post coincided with his own
Bitcoin ($BTC), after falling below $60,000, recovered to over $63,000 at the start of the new week. While it remains to be seen whether this recovery will continue, one analyst stated that Bitcoin’s current state mirrors the 2022 bear market and that a recovery will take time. Speaking to CoinDesk, FxPro senior market analyst Alex
The leading cryptocurrency, Bitcoin ($BTC), experienced a sharp decline after rising above $82,000 in the first weeks of May, and recently fell below $60,000. This decline was also reflected in ETFs, with a net outflow of $1.72 billion from US spot Bitcoin ETFs last week. This was the largest weekly outflow recorded since February 2025.