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Tag: Bitcoin

Bitcoin Hits Cycle Low at ,000 as Standard Chartered Declares Crypto Winter Over

Bitcoin Hits Cycle Low at $59,000 as Standard Chartered Declares Crypto Winter Over

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Bitcoin reached a cycle low of approximately $59,375 before recovering to trade near $63,500, a 53% drawdown from its October 2025 all-time high of $126,000. Standard Chartered analyst Geoffrey Kendrick declared the “crypto winter” over, citing the SpaceX IPO and potential U.S.-Iran de-escalation as key catalysts. SpaceX completed its record $75 billion IPO at $135 per share, debuting with strong gains and indirect Bitcoin...

Bitcoin, Cryptocurrencies, ETF, Front page, News, TradFi

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Is SpaceX IPO Draining Bitcoin Liquidity.

Is SpaceX IPO Draining Bitcoin Liquidity?

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On June 12, 2026, SpaceX shares opened trading at $150 following its $75 billion IPO and merger with xAI. Elon Musk moved closer to becoming the world’s first trillionaire on paper. In crypto trading groups and institutional desks, the immediate question was not about rocket trajectories or AI model benchmarks. It was about capital: where would the money come from, and where would it go next? Early trading showed classic signs of capital...

Bitcoin, Cryptocurrencies, Main, TradFi

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US Wholesale Inflation Surges to 6.5% in May

US Wholesale Inflation Surges to 6.5% in May

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PPI advanced 6.5% over the 12 months ended in May, climbing from 5.7% in April to reach its highest level since November 2022. Energy prices served as the primary catalyst behind the surge, jumping 10.7% on a monthly basis, with gasoline prices alone spiking 23.4%. Core PPI, which excludes food and energy, increased 4.9% on an annual basis, coming in below the projected 5.4% but reinforcing a persistent underlying inflation...

Bitcoin, Cryptocurrencies, Front page, News

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Weekly Snapshot  – Crypto Market Correction

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Bitcoin and Ethereum Face Severe Weekly Correction The crypto market endured one of its worst weeks in recent years, with Bitcoin declining approximately 17-20% and trading around $61,000-$63,000 as of early June 8, 2026. Ethereum followed suit with similar losses, pushing the total market capitalization lower by hundreds of billions. Key drivers include sustained outflows from U.S. spot Bitcoin ETFs (over $3 billion recently reported in...

Altcoins, Bitcoin, Crypto market, ETF, Ethereum

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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

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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...

Bitcoin, Cryptocurrencies, Front page, News

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