Bitcoin climbed roughly 5% to around $64,000 on Sunday after U.S. President Donald Trump said Israeli Prime Minister Benjamin Netanyahu will have “no choice” but to accept a U.S.-brokered deal with Iran. Key Takeaways: Bitcoin reclaimed about $64,000, roughly 5% above its June 5 low near $59,100. However, just hours later, prices once again dipped
Bitcoin has recovered more than $3,000 from its weekend low after buyers defended the $60,000 level, and a wave of short covering helped lift prices back above $63,000. According to CoinGecko data, Bitcoin traded near $62,700 on June 8 after briefly falling below $60,000 on June 6, its first break of the level since 2024.
The United Nations Development Programme (UNDP) has launched a new Blockchain Advisory Group that brings together 26 organizations, including the Ethereum Foundation, Cardano, and Stellar, to explore how blockchain can improve financial access, digital identity, public services, and climate initiatives worldwide. UNDP Wants Blockchain to Solve Real Challenges The Blockchain Advisory Group (BAG) was officially
Bitcoin remains under pressure after a steep correction erased a significant portion of its earlier gains, yet fresh speculation surrounding Strategy Executive Chairman Michael Saylor has injected new interest into the market. Traders continue monitoring whether Bitcoin can defend critical support levels while also assessing the possibility of another major corporate accumulation event. As sentiment
Bitcoin is at a crossroads after a sharp decline pushed the asset back into one of the most important support areas of the current market cycle. On June 5, $BTC fell to $59,100, reaching a level that has historically either stopped major declines or opened the door to significantly lower prices. At press time, Bitcoin
Following the recent sharp sell-off in the cryptocurrency market, a noteworthy assessment of Bitcoin’s short-term outlook has emerged. An analysis published by the research firm 10X Research states that the recent decline stemmed not from aggressive short positions in the futures market, but directly from selling pressure in the spot market. According to the company’s
CME’s bitcoin volatility index futures began trading last week, offering investors a new way to trade and hedge price volatility. DV Chain and Monarq Asset Management executed the first block trades, kicking off trading in the contracts. These volatility contracts track the CME CF Bitcoin Volatility Index (BVX), which represents the market’s expectations for bitcoin
Michael Saylor, founder and chairman of Strategy, the world’s largest institutional Bitcoin investor, has given strong signals that a new Bitcoin purchase may be announced soon, in his recent post on the social media platform X. On Sunday, Saylor shared a chart showing the company’s Bitcoin acquisitions, known among investors as the “orange dots chart,”
BTCTOP CEO Jiang Zhuoer has pushed back against fears that Strategy could become a major Bitcoin seller if the market falls further. In a post on X, Jiang said he does not believe Strategy will “substantially net sell $BTC.” He argued that the company still has a strong reason to protect its public image as
A highly leveraged short position on Bitcoin is rapidly unraveling, illustrating the brutal risks of high-stakes derivatives trading. An anonymous trader, identified only by a wallet address beginning in 0x0c86, opened a 40x leveraged short on Bitcoin via the Hyperliquid ($HYPE) platform. Within just 12 hours, the position has already suffered a 52% unrealized loss,