Bitcoin (BTC) has fallen into bear-market territory after a sharp overnight selloff, while Michael Saylor framed the decline as a temporary capital rotation into artificial intelligence rather than a loss of confidence in the asset. Strategy Executive Chairman Michael Saylor…
Bitcoin on-chain data shows a $1.9B realized loss spike as the crypto crash bites near $63.6K, mirroring patterns seen before past local bottoms. The number arrived quietly on the chart. During the crypto crash that pulled Bitcoin to $63.6K, CryptoQuant’s Net Realized Profit and Loss metric dropped to negative $1.9 billion. That depth has company. […]
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Bitcoin traded just above $63,000 on Thursday around 12 p.m. EDT, after shedding 17% over the past fortnight, as investors increasingly weigh the potential impact of a historic wave of artificial intelligence (AI) public offerings expected to hit markets over the coming months. 3 AI Mega-IPOs Could Redirect Billions At the center of the discussion […]
Standard Chartered’s head of digital assets research, Geoff Kendrick, has outlined three specific scenarios that stand between Bitcoin and a new market low — a sobering analysis arriving as Bitcoin trades near $62,562, its lowest level since the February lows, and ETF outflows reach historically severe levels, according to a CoinDesk report. Related Reading: Bloodbath For Bulls: $623 Million In Bitcoin Longs Liquidated The analysis from one of the most closely watched institutional voices in crypto arrives as the broader market absorbs a brutal string of data points. US spot Bitcoin ETFs recorded $1.42 billion in outflows for the week ending May 29 — the third-worst weekly result in history — with total outflows over the preceding three weeks exceeding $4.21 billion, per Bitcoin Foundation’s tracking of ETF flow data. Bitcoin has simultaneously fallen to the lower boundary of the Power Law corridor, a long-term valuation model that plots price against time on a logarithmic scale, with
Bitcoin has fallen more than 15% this week and briefly slipped towards $61,000, yet Standard Chartered has kept its year-end price target at $100,000 and said the current decline may offer a buying opportunity. According to a note sent to…
Bitmine's preferred stock offering follows Strategy's playbook with one critical difference: ETH staking yield gives the company a self-funding mechanism BTC doesn't.
Coinbase and Better launch America’s first Bitcoin-collateralized Fannie Mae mortgage, allowing homebuyers to keep crypto while purchasing homes. A major milestone has arrived for both the housing and cryptocurrency industries. The first Fannie Mae-backed mortgage backed by Bitcoin has been successfully originated in the United States, Coinbase announced. The loan was issued and is being […]
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