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Coinbase’s head of institutional strategy, John D’Agostino, says large investors are not retreating from Bitcoin’s latest selloff, even after the asset fell below $60,000 for the first time since October 2024. Speaking on CNBC’s Squawk Box on June 8, D’Agostino said institutional investors, family offices and sovereign-linked buyers are treating the drawdown as an opportunity to accumulate rather than a reason to exit. The remarks came during a discussion about whether Bitcoin’s decline toward the $59,000 area could hold as support, with CNBC’s Joe Kernen noting concerns that a deeper break could open the door to a much larger move lower. D’Agostino declined to make a direct price call, saying he does not want to offer investment advice, but pointed to the behavior of long-term allocators he speaks with through Coinbase’s institutional business. “What I can tell you is I have the luxury of speaking to institutional investors. They’ve put months and years into looking at this asset clas
Read full articleCoinbase vs SEC: How the Lawsuit Ended With Zero Penalties The post From SEC Crypto Lawsuit to S&P 500: How Coinbase Won Its Three-Year Regulatory War appeared first on 99Bitcoins.
Geopolitical tensions can significantly impact financial markets, highlighting the interconnectedness of global events and economic stability. The post Trump urges Israel and Iran to halt exchanges of fire as Bitcoin jumps 5% on ceasefire hopes appeared first on Crypto Briefing.
SBI will give out vouchers that can be redeemed for Bitcoin, Ether or XRP through SBI VC Trade, linking bank savings with the group’s crypto exchange arm.
SBI Shinsei Bank has introduced a campaign that has linked deposit interest payments to cryptocurrency exchange vouchers worth 20% of the interest earned. According to a report by Nikkei, the Japanese bank will begin a three-month promotional program on Wednesday…
The renewed conflict between Iran and Israel heightens geopolitical tensions, impacting global markets and highlighting the fragility of ceasefires. The post Iran’s Khatam al-Anbiya launches missile strikes on Israeli targets as Bitcoin slides to $63K appeared first on Crypto Briefing.
Escalating tensions risk destabilizing Middle Eastern energy markets, impacting global supply chains and investor confidence across sectors. The post IRGC fires missiles at Israeli petrochemical facility, Bitcoin drops below $63K as risk-off wave hits crypto appeared first on Crypto Briefing.
Bitcoin is changing hands near $63,500, a level analyst Charles Edwards says lines up with the network’s average production cost, i.e. the threshold where the typical miner stops turning a profit. Miners Squeezed to the Break-Even Line The recent selloff has dragged bitcoin back to a price band that has historically marked long-term value. In […]
In crypto news today (June 9), the market is sitting relatively flat, with Bitcoin barely holding on to $63,000 on this Tuesday after a +0.2 overnight move. Liquidations continue to slow, with just $301M in positions liquidated and, most notably, the split between longs and shorts is nearly even. Of the other major caps, Cardano.. The post Crypto News Today (June 9): BTC Holding $63K, Humanity Protocol Hacked for $32M, Ethereum ETFs Turn Green appeared first on 99Bitcoins.
