US Secretary of Commerce says he buys Bitcoin on every price dip

CryptoQuant urged Strategy to pause Bitcoin buying as dividend coverage shrank. Meanwhile, CBOE eyes crypto perpetual futures and Chainlink joins a stablecoin FX project.

Bitcoin rebounds toward $61K as CryptoQuant CEO Ki Young Ju says BTC has not confirmed a cycle bottom yet. Bitcoin recovered toward the $61,000 region after setting new local lows, giving traders another relief bounce after a sweep of sell-side liquidity. The move followed heavy downside pressure earlier in the week, with BTC attempting to […] The post Bitcoin Isn’t Near Bottom Yet, Warns CryptoQuant’s CEO: BTC Price Analysis appeared first on Live Bitcoin News.

Bitcoin slipped below $59,000 after May PCE inflation came in at 4.1% year-over-year, with market data pointing to liquidations and ETF-flow pressure.

Bitcoin risked turning $60,000 into resistance as BTC price weakness persisted following another tech-driven sell-off in Asian stock markets.

Strategy’s flagship preferred stock tumbled again when U.S. markets opened, setting another record low as Bitcoin lingered below $60,000.

It was another paiful weeks for the crypto bulls but the worst might still not be over.

Three Strategy officials published separate posts within hours Friday defending the company's balance sheet, as bitcoin fell to around $59,600 and STRC preferred shares traded near historic lows.

Bitcoin options skew points to defensive trader positioning as put demand rises and the market consolidates around fragile support levels.