Bitcoin falls below $63,000 amid global risk asset sell-off

Bitcoin holds near $64K as traders weigh ETF outflows, Hormuz threats and key $62K support, with $67K shaping the next crucial test for BTC.

The asset has also touched its electrical cost for the fifth time in history, which is typically a bullish signal.

The record outflows from Bitcoin ETFs highlight a significant shift in market sentiment, underscoring reduced risk appetite amid crypto volatility. The post Bitcoin ETFs shed record $6.4B in 30 days amid crypto winter chill appeared first on Crypto Briefing.

US-listed spot Bitcoin exchange-traded funds saw their biggest 30-day net outflow since launching in 2024, coming as Bitcoin fell 17% over the past month.

The crackdown highlights the need for stricter regulatory oversight to prevent infrastructure risks and financial burdens on local communities. The post Thailand busts illegal Bitcoin mining operation, seizes 315 rigs across five provinces appeared first on Crypto Briefing.

Strategy’s bitcoin position has swelled to 846,842 BTC after surviving a dramatic 2022 crypto market downturn that put its balance sheet and stock price under intense pressure. Michael Saylor said the company raised over $60 billion, added 716,000 BTC, and now holds reserves exceeding debt by about $48 billion. From Bear Market Brink to Bitcoin […]

Bitcoin traded at $64,159 at 6:45 p.m. Eastern time on Saturday, and the derivatives market around it tells a story of retreat and repositioning. CME‘s bitcoin options open interest, measured in dollar terms, has dropped from a peak near $290 million in late November to roughly $30 million to $40 million by mid June, according […]

An X analyst says Bitcoin is approaching local H4 resistance near $64,100, a level tied to a 1:1 correction and 38.2% Fibonacci measurement.