NewsBTC·
Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment. Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell-off is more than a short-term dip. Bitcoin Treasury Stocks Fall From $134B To $72B While traditional market weakness has been part of the story, whale activity has also played a major role in the most recent drop. One of the clearest signals that unnerved traders came from Strategy (MSTR). Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish As previously reported by NewsBTC, Strategy sold Bitcoin for the first time in nearly four years. The company offloaded 32 BTC for approximately $2.5 million—an amount that may look small compared with overall market volumes. However, the real impact has been psychological. Watching the largest Bitcoin
Read full articleBitcoin's potential rise amid dollar weakening could drive institutional demand, but investors must weigh risks of echo chamber predictions. The post ProCap Finance CEO Anthony Pompliano predicts Bitcoin will rise as dollar weakens appeared first on Crypto Briefing.
Crypto pundit Ash Crypto has drawn attention to speculations about how institutions could be crashing the Bitcoin price on purpose. This comes as the Bitcoin ETFs continue to record massive outflows, which have caused this latest decline for the leading crypto. Pundit Highlights Speculations Of Institutions Purposely Crashing Bitcoin Price In an X post, Ash Crypto claimed there were rumors that institutions are purposely crashing the Bitcoin price so they can buy at lower prices before the Clarity Act is signed into law. The pundit noted that a similar pattern had played out in August 2022, when BlackRock filed for a private Bitcoin trust, and BTC later dropped about 36% before forming a bottom. Related Reading: What To Expect For The Bitcoin Price By EOY 2026 Following that, BlackRock then filed for a spot Bitcoin ETF, and the Bitcoin price later surged by 95%. Ash Crypto noted that BTC hit a new high in January 2024, when spot ETFs were approved. He added that insider institutions
BitMine is borrowing from Strategy’s Bitcoin playbook, debuting its own preferred share in an upsized offering to raise funds to buy Ethereum.
Strategy’s Bitcoin sale challenged the “never sell” narrative, while JPMorgan attacked CLARITY and Capital B pursued a huge fundraising plan for BTC.
A crypto market expert has shared a grim Bitcoin (BTC) forecast, warning that a major price crash could be on the horizon for the leading cryptocurrency. The analyst noted that Bitcoin’s recent break below a critical support level may have opened the door for a deeper decline that could potentially send its price to much […]
Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. Saylor, writing in a Friday post on X, said Bitcoin’s future should not depend on…
Grayscale says Strategy sold 32 BTC on June 1 as pressure on its leveraged Bitcoin model fuels market volatility. Strategy’s Bitcoin model is facing fresh market questions after Grayscale Research said the firm sold 32 BTC on June 1. The sale was small compared with its total holdings, but Zach Pandl said pressure on the […] The post Is Strategy’s Leveraged Bitcoin Model Starting to Crack? appeared first on Live Bitcoin News.
