Bitcoin holds a critical $60K floor as CPI data, Fed rate bets and the SpaceX IPO threaten to decide BTC's next big move.
Bitcoin climbed back above $63,000 on June 8, sparking a wave of short liquidations and improving sentiment across digital asset markets. The rebound helped lift the broader crypto market capitalization above $2.17 trillion, while the Crypto Fear & Greed Index edged higher from extreme lows.
Since the US-Iran war began, Bitcoin is down 3% while the Nasdaq rallied 20%, exposing a massive rift between crypto and equities.
From leverage cascades to macro shocks, here's what drives a Bitcoin crash.
One whale walked away richer. Did Bitcoin lose a believer or gain a warning sign?
Germany's Bitcoin sale highlights the potential for significant opportunity costs in government asset liquidation strategies, influencing future policies. German government sold 49,858 Bitcoin for $2.89B at $57,900 average, missing billions in potential gains.
Jacob & Co. Astronomia Bitcoin Tourbillon: rotating Bitcoin emblem over multi-axis tourbillon in a 50mm sapphire dome.
BTC USD dips, rebounds, dumps again as Strategy doubles down on Bitcoin as F&G hits its lowest. Hayes fights LookOnChain, ZachXBT exposes.
A judicial officer in New York's Supreme Court has temporarily halted legal proceedings that sought to establish ownership over approximately 40,000 inactive Bitcoin addresses. The litigation, initiated by someone identifying themselves only as “Noah Doe,” focuses on addresses containing roughly 3.8 million BTC, valued at approximately $234 billion based on current market rates.
A sudden bitcoin rebound torched roughly $320 million worth of short positions across the crypto market in just 15 minutes, as bearish traders were caught offside by a fast reversal off the year's lows.
Monarq and DV Chain kick off trading in CME's bitcoin volatility index futures.
Bitcoin trades near $62,959 after rebounding from $59,100, but bearish MACD and rising leverage keep the $55,000 support in focus this week.