Bitcoin News·
Bitcoin fell under $66,000 on June 3, albeit briefly, as record exchange-traded fund outflows and a rare sale by Strategy deepened a selloff that has wiped out billions in leveraged positions. A Broad Crypto Rout Gathers Pace Bitcoin is extending one of its sharpest selloffs in months, with the decline pulling the wider market lower, […]
Read full articleEconomist and longtime gold advocate Peter Schiff says bitcoin is heading below $20,000, renewing his bearish call as the cryptocurrency slips under $66,000. A Familiar Bear Returns to the Spotlight Peter Schiff, the economist and gold proponent who has spent more than a decade warning against bitcoin, said that the cryptocurrency will crash below $20,000. […]
Michael Saylor’s Strategy is making waves in the crypto sector after announcing its first Bitcoin (BTC) sale since 2022. The world’s largest corporate holder of Bitcoin sold 32 BTC worth $2.47 million. The sale marks a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC. He did tip […] The post Michael Saylor’s Firm Strategy Announces First Bitcoin BTC Sale Since 2022 appeared first on The Daily Hodl.
Crypto markets are a bloodbath today, with total capitalization shedding billions and falling to multi-month lows.
Bitcoin under $70k; Strategy Inc sells 32 BTC; corporates hold ~1.15M BTC per Bitwise. FT flags ‘digital credit’ stress. What treasury demand looks like now.
Bitcoin saw its largest daily drop since early February on Tuesday as the cryptocurrency shed more than $4,500 in a single day.
Strategy, the company led by Michael Saylor, sold 32 Bitcoin worth roughly $2.5 million, marking its first Bitcoin sale since 2022. The transaction was carried out to meet dividend-related obligations tied to the firm’s preferred stock offerings, according to reports. Bitcoin’s largest corporate holder remains firmly committed to its long-term treasury strategy despite the sale, […]
Data shows bullish bets related to Bitcoin have suffered a massive amount of liquidations as the asset’s price has plunged below the $70,000 mark. Bitcoin Falls Below $70,000 For The First Time Since April Following up on the bearish tone set during the second half of May, Bitcoin has opened June with another drawdown as its price has slipped under $70,000 for the first time since April 7th. Related Reading: XRP Sees Biggest Exchange Inflow Of 2026—Shortly Before Even Larger Outflows Below is a chart that shows how the latest bearish action has looked for the cryptocurrency. Over the last 24 hours, Bitcoin has gone down by nearly 5%, hitting the $69,400 mark. Interestingly, while the original digital asset has suffered this blow, Ethereum, the second-largest token by market cap, has managed to hold up relatively well, being down by just 0.7% inside this window. Even many altcoins have seen smaller losses than BTC. The reason behind the disproportionate decline in Bitcoin may lie in the
