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Bitcoin Bounces Toward $64,000, Triggering Millions in Short Liquidations

Bitcoin rallied sharply toward the $64,000 mark on Monday, recovering from a recent slide that briefly dragged the premier cryptocurrency below $60,000. The rapid upward movement caught bearish traders off guard, setting off a swift short squeeze that wiped out roughly $320 million in short positions within a 15-minute window. This rebound offers some relief to bulls after a highly volatile stretch that saw heavy liquidations across...

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Bitcoin Reclaims ,000 in Oversold Relief Rally as Geopolitical Tensions and Asian Markets Roil Sentiment

Bitcoin Reclaims $63,000 in Oversold Relief Rally as Geopolitical Tensions and Asian Markets Roil Sentiment

Bitcoin recovered above $63,000 in a classic oversold relief rally after a sharp weekly decline, trading around $63,200-$63,400 as of early June 8, 2026. Renewed military exchanges between Iran and Israel rattled global markets, sending oil prices higher and Asian equities, including South Korea’s KOSPI, sharply lower. Strategy’s Michael Saylor signaled potential further Bitcoin accumulation amid the volatility. Bitcoin...

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Crypto's Worst Week Since July 2024, Over .2 Billion in Positions Liquidated

Crypto’s Worst Week Since July 2024, Over $1.2 Billion in Positions Liquidated

Bitcoin fell sharply this week, trading near or below the $60,000 psychological level — its weakest prints in months — as the broader market shed significant value. Ethereum plunged more than 12% on the day in some reports, approaching critical technical support amid the selloff. Liquidations exceeded $1.2 billion (with some sessions topping $1.7–1.8 billion), overwhelmingly hitting long positions as leveraged traders were flushed...

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Strategy Falls Out of Top 200 Largest U.S. Companies Amid Bitcoin Volatility

Strategy Inc. has slipped out of the top 200 U.S. public companies by market capitalization as its valuation declined to approximately $47.9 billion. The drop in market ranking is closely tied to bitcoin’s recent price correction to around $61,000, impacting the company’s asset value. The company’s corporate treasury now faces an unrealized loss exceeding $7.3 billion on its digital asset holdings. Strategy Inc., the...

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Major U.S. Banks, Including JPMorgan and Citi, Plan Shared Tokenized Deposit Network to Compete With Crypto

Major U.S. Banks, Including JPMorgan and Citi, Plan Shared Tokenized Deposit Network to Compete With Crypto

Major U.S. banks plan a tokenized deposit network operated by The Clearing House, targeting launch in first half of 2027. The initiative connects traditional payment rails with blockchain infrastructure for instant, programmable settlements. Tokenized deposits are positioned as a regulated alternative to stablecoins, retaining bank deposit characteristics including credit risk and regulatory treatment. JPMorgan has already...

Crypto adoption, Cryptocurrencies, Front page, News

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