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The market’s leading crypto, Bitcoin (BTC), is coming under fresh pressure as multiple warning signs converge—from heavy selling in the exchange-traded fund (ETF) complex to renewed doubt around Strategy’s long-held “never sell” narrative. The result has been a weak session: on Wednesday, the cryptocurrency slipped below the key $66,000 level, extending a selloff that has already erased about $160 billion in overall market value this week, according to Bloomberg. $2.5M Bitcoin Sale Spooks Market Earlier in the week, Michael Saylor’s Strategy sold roughly $2.5 million worth of Bitcoin from a large holding currently valued at around $56 billion. Strategy reportedly reduced its hoard by only 32 tokens out of 843,706 coins. Even so, analysts say the size of the sale matters less than the message it sends—especially at a time when Bitcoin has been underperforming over the past few weeks. Related Reading: Mastercard Unveils Stablecoin Settlement Support Spanning 8 Blockchains, Including Th
Read full articleStrive's strategy highlights investor confidence in Bitcoin's long-term value, potentially influencing market dynamics and asset management trends. The post Strive raises $8.1M daily despite 50% Bitcoin bear market appeared first on Crypto Briefing.
The redemption of dormant Casascius coins highlights the impact on Bitcoin's perceived scarcity and market analytics, influencing investor strategies. The post Casascius coin redeemed after 15 years, unlocking $2M in Bitcoin appeared first on Crypto Briefing.
SpaceX has outlined plans for a record $75 billion stock market debut that would value Elon Musk’s space and AI company at about $1.77 trillion. According to a filing with the U.S. Securities and Exchange Commission, SpaceX plans to sell…
Ray Dalio has warned that the AI investment boom could break when investors need real cash, not when the technology itself disappoints. Bloomberg reported that the founder of Bridgewater Associates issued the warning during a television interview, in which he…
Anthropic's strategic IPO move with top underwriters signals strong market confidence, potentially reshaping AI industry valuations and dynamics. The post Anthropic taps Morgan Stanley, Goldman Sachs for IPO lead: Bloomberg appeared first on Crypto Briefing.
Bloomberg’s Joe Weisenthal has revived and expanded his argument that crypto is stuck in what he calls the “coldest crypto winter ever,” pointing to a 12-part case that goes beyond price action and into market psychology, capital rotation, regulation, AI and quantum computing. Writing in his Odd Lots newsletter and sharing the piece on X, Weisenthal said he had previously laid out 10 reasons in February for why the current downturn felt unusually punishing. “Well everything I cited then still holds,” he wrote, adding that two more factors have since made the backdrop look even worse. Crypto’s Problem Is No Longer Just Crypto The core of Weisenthal’s argument is that crypto’s weakness is taking place at a time when other speculative corners of the market are doing exceptionally well. That contrast matters. A bear market is one thing when risk assets are broadly under pressure; it is another when investors are watching adjacent trades explode higher. Related Reading: Crypto In 401(k)s: S
Strategic Bitcoin sales could reshape traditional finance's perception and unlock new investment opportunities. The post Michael Saylor: Companies holding Bitcoin face skepticism from traditional finance, strategic sales can enhance liquidity, and Bitcoin’s undervaluation presents unique investment opportunities | The Pomp Podcast appeared first on Crypto Briefing.
Scott Bessent said that the Treasury Department was “proceeding with all deliberate speed” on Donald Trump’s 2025 executive order to establish a strategic Bitcoin reserve and digital asset stockpile.
