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
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.
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…
