A Monday 8-K filing shows Strategy disposed of 32 BTC between May 26 and May 31 at an average $77,135 a coin, with proceeds earmarked for distributions on its STRC preferred stock — the first disclosed sale since the December 2022 tax-loss harvest.
Bitcoin is approaching a pivotal moment, with several key support and resistance levels set to determine its next major move. While bulls are fighting to maintain critical price zones and preserve the broader recovery structure, bears continue to pressure the market from above. Bitcoin Struggles Below $78,080 As Bears Retain Control Analyst Kamile Uray notes that Bitcoin’s recent recovery attempt was feeble, with the price remaining trapped below the critical $78,080 threshold. Until the market secures a decisive 4-hour close above this level, the structural outlook remains vulnerable, and the downward trend is likely to persist. Related Reading: Bitcoin Price Teeters Near The Edge As Bears Eye Another Breakdown To the downside, attention shifts toward the Fibonacci support zone spanning $71,000 to $68,000. This region historically attracts buyers and could serve as a vital foundation for a structural rebound. Conversely, should the market turn bullish, traders must watch the $82,885 l
Strategy has put STRC at the center of its latest capital story after selling 32 Bitcoin to help fund preferred stock distributions. Strategy said in an 8-K filing that it sold the Bitcoin for about $2.5 million last week, with…
Paxos partners with House of Doge to list DOGE on its regulated brokerage, opening access to hundreds of millions of users worldwide. Paxos has added Dogecoin to its regulated crypto brokerage platform. The move follows a strategic partnership with House of Doge, the official corporate arm of the Dogecoin Foundation. House of Doge also noted […]
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Institutional shifts towards Solana ETFs highlight evolving crypto investment strategies, emphasizing diversification beyond Bitcoin and Ethereum.
The post Bitwise leads Solana spot ETFs with $80M in May inflows as Bitcoin and Ethereum bleed capital appeared first on Crypto Briefing.
A crypto analyst has shared the reason he believes many people will miss the XRP bull run. Despite the recent poor performance in XRP’s price action, the analyst has shown strong confidence in the cryptocurrency’s ability not only to bounce back to the upside but also to reach significantly higher price levels that could match its global settlement goals. In an X post on May 31, crypto market expert BarriC boldly stated that a significant number of investors are likely to miss the highly anticipated XRP bull rally once it eventually unfolds. Currently, several analysts in the XRP community share the view that the cryptocurrency’s current price does not reflect its true value. They believe that XRP’s value should not be measured by normal price action but by its utility and long-term potential to serve as a global settlement layer. The Reason Many People Will Miss XRP’s Rally BarriC noted that a significant percentage of investors may miss XRP’s run, not because they have never heard o
Bitcoin's dip below $71,000 highlights market volatility, driven by ETF outflows and regulatory uncertainty, challenging investor confidence.
The post Bitcoin trades under $71,000 for first time since April 13 appeared first on Crypto Briefing.
