Bitcoin’s Price Drops Toward $71K as Total Liquidations Surpass $500 Million
Another sudden drop took place in the crypto markets, causing over $130 million in liquidations in less than an hour.
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Bitcoin remains under bearish pressure after a recent consolidation around the 100-day MA of $73K. The asset has now slightly broken below the MA. Upcoming price action will determine whether the recent pullback evolves into a leg deeper or forms a base for recovery. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC […]
Read full articleAnother sudden drop took place in the crypto markets, causing over $130 million in liquidations in less than an hour.
A total of 165 long-dormant bitcoin wallets moved approximately 5,073 BTC last month, with one address sitting idle since August 2010 finally coming to life in the final hours of May. Galaxy Research flagged one of the most notable movements on X, reporting that a wallet dormant for 15.8 years moved 20 BTC at block […]
Capital B now holds 3,139 BTC after buying 4 more for €0.26M at €64,989 each. Capital B’s 3,139 BTC were bought at ~$330M total, averaging $105,200 per BTC. Capital B aims for 1% of all BTC by 2033 and is Europe’s first public BTC treasury. Capital B, a French-listed business, has increased its Bitcoin holdings […] The post Capital B Doubles Down on Bitcoin as Treasury Grows to 3,139 BTC appeared first on Live Bitcoin News.
Strive has expanded its fundraising plans by $4.2 billion as the Bitcoin treasury company seeks additional capital for future BTC purchases. According to a June 1 X post by Strive chief executive Matthew Cole, the company expects to increase the…
Strategy sold just a very tiny fraction of its entire BTC stash and remains fully commited to its treasury policy.
Institutional selling and ETF outflows highlight increased market caution, potentially impacting Bitcoin's future growth and investor confidence. The post Bitcoin hits 2-month low as Strategy sells, ETF flows turn negative appeared first on Crypto Briefing.
Strategy made its first BTC sale since 2022 as Bitcoin ETFs shed billions over the last two weeks, nudging the price down even lower.