Bitcoin Dominance Crashes as BTC Price Dumps Below $70K: Market Watch
The total crypto market cap is below $2.5 trillion once again.
Crypto News·
Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. According to data…
Read full articleThe total crypto market cap is below $2.5 trillion once again.
More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31…
Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Arkham Intelligence data shows the defunct exchange moved 10,306 BTC, valued at roughly $730.8 million, from its…
Charles Schwab targets mid-2027 crypto spot trading and custody for advisors after launching BTC and ETH trading for retail clients.
Mt. Gox has transferd over $700 million worth of BTC to a new wallet. What could it mean?
Bitcoin treasury company Strategy has made its first BTC sale since 2022, putting an end to a 3.5-year phase of only accumulation. Strategy Just Sold Bitcoin Worth $2.5 Million According to an 8-K filing with the US Securities and Exchange Commission (SEC), Strategy just made a Bitcoin sale. The amount involved in the transaction was […]
Bitcoin’s derivatives market has yet to fully heal from a violent shakeout last October, when roughly 71,000 BTC worth around $11 billion was wiped from open interest across major exchanges. Total open interest has not recovered to pre-event levels, leaving a gap of more than 24,000 BTC that signals many traders are still sitting on the sidelines. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns Derivatives Damage Still Visible That cautious positioning sits at the center of growing concern about where Bitcoin heads next. The world’s largest cryptocurrency closed May at $73,560, down 3.40% for the month, and at least two closely watched analysts say the slide may not be over. Prominent on-chain analyst PlanB framed the debate plainly. He said the market is roughly split on whether the February low near $60,000 marked the bottom of this cycle or whether a steeper drop is still ahead, and based on his reading of the data, he leans toward more downside. Bitco
However, a failure to defend the current support level may open the door to a deeper correction toward $61,000.