While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading: Zcash Fixes Critical Orchard Vulnerability As ZEC Holds $600 Support Bitcoin Tags Key 200‑Week SMA After Four Years After falling 15% over the past four days, Bitcoin is attempting to reclaim the $64,000 level as support. The flagship crypto had been trading between $64,000-$82,000 since the early February crash, holding above the upper half of the range for nearly two months. However, this week’s broader volatility pushed BTC toward the range’s lower boundary for the first time in months, reaching a four-month low of $61,383 on Wednesday night. Amid this performance, market observer Rekt Capital highlighted that the cryptocurrency had tagged the 200-week Simple Moving Average (SMA) for the first time in this bear cycle, which may
Bitcoin spot ETFs have now recorded net outflows in 17 of the last 19 days, with investors pulling a combined $5.6 billion from the products during that stretch. Taking Stock Of The Damage The numbers have pushed year-to-date flows for US-traded Bitcoin ETFs into negative territory, landing at negative $2.17 billion. Bloomberg ETF analyst James Seyffart put the 13-day outflow streak in sharper relief, reporting that roughly $4.4 billion worth of Bitcoin was sold through those products over the past month alone. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst Since May 14, Bitcoin has fallen about 20%, dropping from $82,040 to around $64,000. The slide accelerated after Strategy, the business intelligence firm led by executive chairman Michael Saylor, disclosed it had sold 32 BTC for approximately $2.5 million — a small fraction of its total holdings, but enough to rattle sentiment across the broader market. Capital markets are funding the AI build
The surge in gray market peptide trade via crypto highlights growing health risks and regulatory challenges in the unregulated supplement market.
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The crypto market's volatility highlights the need for strategic adaptability amid geopolitical tensions, impacting investor confidence and market trends.
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Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has shaken the confidence built during the recovery from the April lows and forced participants to reassess where genuine structural support exists in the current market structure. Against that backdrop, CryptoQuant data has identified a specific development in the […]
Bitcoin and Ethereum trading activity has fallen to multi-quarter lows on Hyperliquid, while volume in equity-linked and pre-IPO perpetual contracts has climbed sharply. According to a June 5 report from Block Scholes shared with crypto.news, risk sentiment around the two…
$62 Billion Wiped: Is Corporate Bitcoin Treasury Dead?
The post $62Bn Vanished: Is the Bitcoin Corporate Treasury Meta Dead? appeared first on 99Bitcoins.
Cloud mining regains momentum as platforms like SHRMiner simplify access to digital asset participation. The cryptocurrency market has changed dramatically over the past year. While Bitcoin continues to attract long-term holders, rising mining difficulty, increasing electricity costs, and expensive ASIC…
Arthur Hayes has sold his entire ZEC position following the Zcash Orchard pool exploit, declaring that “the Holy Trinity is dead.” The high-profile exit has deepened a selloff that has knocked ZEC down nearly 47% over the past day. A High-Conviction Trade Unwinds BitMEX co-founder and one of crypto’s most-followed macro voices, Arthur Hayes told […]
