Bitcoin price drops below $65K, impacting prediction markets

Speculation about Khamenei's status fuels uncertainty in Iran's political future, impacting prediction markets and regime stability perceptions. The post Iran’s Supreme Leader Khamenei funeral updates prompt leadership change speculation appeared first on Crypto Briefing.

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

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.

On June 3, XRP hit a new year-to-date low of $1.188 amid a broader crypto sell-off, down nearly 34% for the year, before stabilizing just under $1.22. XRP Hits New Year-to-Date Low On June 3, XRP dipped below $1.20 amid a market-wide sell-off that also saw bitcoin tap its lowest price since early February. Market […]

The massive crypto liquidation highlights the volatility and risks of leveraged trading, potentially deterring institutional investors and impacting market stability. The post $883M in Bitcoin longs wiped as crypto liquidations hit $1.84B in 24 hours appeared first on Crypto Briefing.

A Casascius physical Bitcoin containing 25 BTC has been redeemed after nearly 15 years, unlocking cryptocurrency now worth about $1.78 million. According to data tracked by Casascius Tracker, the coin was activated on-chain on June 3, giving its holder access…

Bitcoin is at risk of a drop below $65,000, but buyers are expected to mount a strong defense as the price nears the crucial $60,000 level.