Bitcoin trades near $63K as ETF and MSTR accumulation tops 1.24M BTC, with $59,800 support and $53K cost basis in focus. Bitcoin sell pressure has returned to focus after BTC moved back near levels seen in March 2024, despite large ETF inflows and steady MSTR accumulation. Market analysts are now tracking whether the latest decline […]
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Bitcoin on-chain data shows a $1.9B realized loss spike as the crypto crash bites near $63.6K, mirroring patterns seen before past local bottoms. The number arrived quietly on the chart. During the crypto crash that pulled Bitcoin to $63.6K, CryptoQuant’s Net Realized Profit and Loss metric dropped to negative $1.9 billion. That depth has company. […]
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Bitcoin traded just above $63,000 on Thursday around 12 p.m. EDT, after shedding 17% over the past fortnight, as investors increasingly weigh the potential impact of a historic wave of artificial intelligence (AI) public offerings expected to hit markets over the coming months. 3 AI Mega-IPOs Could Redirect Billions At the center of the discussion […]
Standard Chartered’s head of digital assets research, Geoff Kendrick, has outlined three specific scenarios that stand between Bitcoin and a new market low — a sobering analysis arriving as Bitcoin trades near $62,562, its lowest level since the February lows, and ETF outflows reach historically severe levels, according to a CoinDesk report. Related Reading: Bloodbath For Bulls: $623 Million In Bitcoin Longs Liquidated The analysis from one of the most closely watched institutional voices in crypto arrives as the broader market absorbs a brutal string of data points. US spot Bitcoin ETFs recorded $1.42 billion in outflows for the week ending May 29 — the third-worst weekly result in history — with total outflows over the preceding three weeks exceeding $4.21 billion, per Bitcoin Foundation’s tracking of ETF flow data. Bitcoin has simultaneously fallen to the lower boundary of the Power Law corridor, a long-term valuation model that plots price against time on a logarithmic scale, with
Bitcoin has fallen more than 15% this week and briefly slipped towards $61,000, yet Standard Chartered has kept its year-end price target at $100,000 and said the current decline may offer a buying opportunity. According to a note sent to…
Bitmine's preferred stock offering follows Strategy's playbook with one critical difference: ETH staking yield gives the company a self-funding mechanism BTC doesn't.
Coinbase and Better launch America’s first Bitcoin-collateralized Fannie Mae mortgage, allowing homebuyers to keep crypto while purchasing homes. A major milestone has arrived for both the housing and cryptocurrency industries. The first Fannie Mae-backed mortgage backed by Bitcoin has been successfully originated in the United States, Coinbase announced. The loan was issued and is being […]
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