The post Bitcoin Bulls Are Defending One Key Level, Losing It Means a 10% Fall appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) price is sitting on a knife’s edge near $73,300 after a bearish pattern broke down on May 28, opening a path toward a roughly 10% slide. Yet the breakdown has stalled. On-chain holders and a quiet derivatives market are quietly defending the line. And one technical level is the only thing standing between range-bound calm and a deeper crash. Price Breaks Down a Bearish Pattern as Volume Dries Up On the 8-hour chart, Bitcoin broke down from a head and shoulders pattern on May 28. It is a formation where price builds three peaks with a higher middle peak before slicing under a shared support line called the neckline. The break points lower, with $66,798 (the $66,800 zone) being the projected target. The breakdown was accompanied by a rise in sell-side volume. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
In crypto news today (June 1), the market has started the new month in a precarious position, with Bitcoin dropping -1.4% overnight, losing key support at $73,000, and currently trading around $72,700. However, ETH USD, in typical fashion, has performed worse, down -2.5% in the past 24 hours and trading for $1,975 after losing key..
The post Crypto News Today (June 1): BTC Crashes Below $73K as the US Bombs Iran, Sparking Panic appeared first on 99Bitcoins.
The post Bitcoin Defends $73K as Spot ETFs Bleed $2.97B, Saylor Teases Buy, 16-Year Wallet Wakes appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin is balancing on a knife edge near $73,300 after a head-and-shoulders breakdown on May 28 opened a measured-move path toward roughly $66,800, a decline of about 10% from current levels. The pattern triggered with a brief uptick in sell-side volume, yet follow-through has been notably weak. Both green and red volume bars have shrunk steadily since the neckline gave way, signaling thinning conviction rather than aggressive distribution. Buyers have quietly defended the zone, leaving price stuck in an undecided range. The next decisive move hinges on whether the neckline retest holds or fails on rising volume. U.S. spot Bitcoin ETFs have just logged their longest outflow streak on record, bleeding roughly $2.97 billion across ten consecutive trading days between May 15 and May 29. The run broke the prior eight-session record set in early
The post Strategy (MSTR) Stock: Saylor’s Infamous Chart Returns — Bitcoin Purchase Imminent? appeared on BitcoinEthereumNews.com.
TLDR Michael Saylor shared his iconic “Working Better” bubble chart over the weekend, a pattern historically linked to imminent Bitcoin acquisition announcements from Strategy. Bitcoin purchases were temporarily halted while the company bought back $1.5 billion worth of convertible notes maturing in 2029, spending approximately $1.38 billion cash. Strategy’s Bitcoin holdings stand at 843,738 BTC with an average acquisition cost of $75,701 per coin, while current Bitcoin prices hover around $73,566 — beneath that threshold. On May 29, Strategy transferred 411.48 BTC to Coinbase Prime before withdrawing nearly the same quantity the following day — industry observers suggest a tax-loss harvesting maneuver. Shareholders face a critical June 7 proxy decision regarding semi-monthly STRC dividend distributions, with Strategy urging retail investor participation. Bi
The post BNB Pulls Well Ahead of XRP Market Cap appeared on BitcoinEthereumNews.com.
The current state of the top 10 HYPE flips DOGE BNB has pulled well away from its historical rival XRP to firmly entrench itself as the fourth-largest cryptocurrency by market capitalization. The current state of the top 10 Bitcoin maintains its absolute dominance at the apex of the market with a valuation of over $1.46 trillion. It is followed by Ethereum at $240.9 billion and the Tether (USDT) stablecoin at $187.9 billion. BNB has claimed a commanding lead with a total market capitalization of $93.99 billion, trading at $696.19 after a 6.1% weekly push. XRP has been left behind in the fifth-place spot. The Ripple-linked token boasts a market capitalization of $81.90 billion. This leaves a massive $12 billion gap between the two assets. Ripple Releases 1 Billion XRP, How Many Are Left? Another Shiba Inu (SHIB) Recovery Attempt, Bitcoin (BTC) Reaches ‘Oversold’ State, First Near Protocol (NEAR) Su
The post Bitcoin Holds $73.6K as Strategy Reverses 411 BTC Move, 200-Week Floor Tops $61K appeared on BitcoinEthereumNews.com.
Bitcoin News Bitcoin is trading near $73,600 after a week that tested holder conviction more than structural support. The largest corporate treasury holder, Strategy, withdrew 411.5 BTC worth roughly $30 million from Coinbase Prime just hours after depositing the same amount — its first direct exchange transfer in nearly two years. The round trip cooled speculation that Michael Saylor was preparing a sale, although prediction-market odds of a 2026 disposal stayed elevated. The firm still holds 843,738 BTC and has paused fresh accumulation since May 18, while Tom Lee’s BitMine separately added 25,000 ether for $50.6 million during the dip. Realized volatility has compressed sharply, with Mayer Multiple creator Trace Mayer arguing the cooldown reflects institutional maturity rather than waning interest. Annualized volatility has collapsed to roughly 35 from a 202
The post Markets Diverge: Nasdaq Soars to Records While Bitcoin (BTC) ETFs Bleed $2.97B appeared on BitcoinEthereumNews.com.
TLDR Spot Bitcoin ETFs in the United States experienced an unprecedented 10-day withdrawal period, shedding $2.97 billion from May 15 through May 29 Bitcoin dropped 4.6% across seven trading days, settling at $73,397; major altcoins including Ethereum, Solana, and Tron similarly retreated Equity markets reached unprecedented levels fueled by Nvidia’s expansion into portable computing and SoftBank’s artificial intelligence portfolio gains Crude oil surged past $93 per barrel as diplomatic negotiations with Iran stagnated and shipping route concerns intensified Hyperliquid’s HYPE token bucked the trend with an 18.7% weekly surge, supported by its newly launched ETF’s unbroken inflow streak Digital assets faced significant headwinds throughout the previous week as spot Bitcoin exchange-traded funds in the United States logged their most extended withdrawal period ev
Overview of Rootstock Smart Bitcoin (RBTC): what it is, how it works, ecosystem context, and key considerations for Bitcoin smart contracts.
The post Rootstock Smart Bitcoin: How RBTC Brings Smart Contracts appeared first on BiteMyCoin.
The post Top 10 NFT Sales Of The Week, $X@AGI BRC-20 NFT Sold For $1.88M appeared on BitcoinEthereumNews.com.
The NFT sector keeps displaying diversity and resilience, with leading blockchains witnessing notable sales across digital assets and collectibles. Throughout the past week, Ethereum, Bitcoin, and Polygon have maintained their leading position in the NFT landscape. As per the data from CryptoSlam, irrespective of the fluctuations in sales, the buyer engagement has increased. This reportedly indicates sustained interest in the world of digital collectibles. #1a7dad…ae24i0 Dominates Weekly NFT Sales with $1,888,424 The latest market data discloses that the Bitcoin-based “$X@AGI BRC-20 NFTs” collection’s “#1a7dad…ae24i0” has emerged as the top NFT sale. The NFT sale resulted in the collection of $1,888,424 6 days ago. Additionally, the Ethereum-based NFT collection “Flying Tulip PUT” has effectively gained the 2nd position on the list of the week’s key NFT sales. Its NFT “#6595” w
