Bitcoin ($BTC) surged above $82,000 in the first week of May, but this was short-lived. Since mid-May, factors such as rising geopolitical risks in the Middle East and increased ETF outflows have caused the $BTC price to fall to $65,000. An analyst who warned that the recent surge was a trap has now issued a
Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, has attributed the sluggish price action to a massive capital rotation. According to Kitao, who recently weighed in on the current market downturn on the X social media network, institutional investors are raising cash and liquidating digital asset positions to prepare for a wave of blockbuster
NewLimit, a longevity biotech startup co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in Series C funding to move its first age-reprogramming medicine toward human trials. NewLimit Secures $435M Series C NewLimit announced the funding round on June 2, saying Founders Fund led the raise. New investors Thrive Capital, Greenoaks and Quiet Capital
El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 $BTC worth more than $510 million. Key Takeaways: El Salvador’s bitcoin reserve sits near 7,600 $BTC, valued above $510 million as of June 3. The country kept adding coins through
Bitcoin price is testing the key $65,000 support zone after Iran’s retaliatory strikes against the U.S. spooked investors, with charts suggesting a deeper slide toward $60,000 if bears remain in control. According to data from crypto.news, Bitcoin ($BTC) fell 4.5% to an intraday low of $65,700 on Wednesday, June 3, before recovering to trade near
Short-seller Jim Chanos was right to be bearish about Strategy (formerly MicroStrategy) in late 2024, but even he, one of Michael Saylor’s biggest critics, didn’t hang on long enough. Chanos took a victory lap with his short MSTR, long bitcoin ($BTC) pair trade on November 7, 2025, walking away with a respectable profit. He also
After closing May with a bearish outlook, Bitcoin ($BTC) price could potentially crash below $60,000 in June 2026. Amid a low spot and derivatives demand for Bitcoin over the past few days, as Finbold reported, prediction market traders are forecasting a further sell-off in $BTC price. As of press time, there is an 18% chance
The future of asset management is shifting on-chain, but the transition is exposing a major structural conflict over traditional corporate revenue. Speaking on a panel at the Proof of Talk summit in Paris, Jenny Johnson, CEO of Franklin Templeton, a $1.74 trillion asset manager, openly addressed the industry hesitation to deploy decentralized networks. According to
Bitcoin has fallen to a four-month low of $65,707 after losing about 7% in the past 24 hours and more than 12% over the last seven days. According to CoinGecko data, Bitcoin briefly touched $65,707.79 on June 3 before recovering slightly above $67,000, extending a week-long decline that has left the world’s largest cryptocurrency under
Investor outflows from US-based spot Bitcoin and spot Ethereum ETFs continue unabated. On June 2nd, a net outflow of $519.23 million was recorded from US spot Bitcoin ETFs. This marked the 12th consecutive day of net outflows from Bitcoin ETFs. According to the data, the total capital withdrawn from spot Bitcoin ETFs in the last