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Tag: Bitcoin

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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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

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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...

Bitcoin, Ethereum, Front page, News

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Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

Strategy Sells First Bitcoin Since 2022 to Fund Preferred Stock Distributions

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Strategy sold 32 BTC for approximately $2.5 million at an average price of $77,135 per bitcoin between May 26 and May 31. The sale reduces holdings to 843,706 BTC, with proceeds directed toward distributions on its STRC preferred stock. This is the company’s first Bitcoin sale since a 2022 tax-loss harvest, signaling a shift toward active balance sheet management while maintaining net accumulation. Strategy, the...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, News

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Bitcoin ETFs Record Longest Outflow Streak as .8 Billion Exits Funds Amid Cooling Demand

Bitcoin ETFs Record Longest Outflow Streak as $2.8 Billion Exits Funds Amid Cooling Demand

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U.S. spot Bitcoin ETFs recorded nine straight days of outflows, the longest streak since their January 2024 launch, with $2.8 billion pulled amid shifting investor sentiment. Bitcoin has underperformed broader risk assets, trading around $73,000 while equities hit records. Analysts point to profit-taking and competition from AI/tech sectors as key factors. U.S. spot Bitcoin ETFs have experienced their longest streak of net...

Bitcoin, Cryptocurrencies, ETF, Front page, News

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