Bitcoin drops 35% amid US-Iran tensions, market volatility

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.

The escalation highlights geopolitical instability's impact on global markets, emphasizing the need for investors to monitor diplomatic developments. The post Explosions rock Tehran as Israel and Iran trade air strikes, Bitcoin dips toward $63K appeared first on Crypto Briefing.

Bitcoin trades near $63,200 as weak futures activity, oversold RSI and U.S inflation data test whether its rebound can reclaim $64,200 again.

Strategy’s growing preferred stock obligations and reliance on Bitcoin-backed financing have increased the risk to common shareholders, while the company’s stock continues to trade about 31% above its estimated net asset value, according to a Fortune analysis. Fortune warned that…

Bitcoin and other cryptocurrencies have come under renewed macro scrutiny after reports indicated that the Bank of Japan is preparing to raise its benchmark interest rate to 1.0% from 0.75% at its June 15–16 policy meeting. Japanese financial newspaper Nikkei…

The escalation heightens geopolitical tensions, impacting global markets and investor sentiment, with potential long-term economic repercussions. The post Iran launches missile attack on Israel, rattling crypto markets as Bitcoin slides appeared first on Crypto Briefing.