Cryptocurrency prices moved broadly higher early Sunday ET, with Bitcoin (BTC) pushing above $61,800 and Ethereum (ETH) outperforming as the market leaned into a modest ‘risk-on' rotation. The gains signaled improving sentiment across majors and large-cap altcoins, even as overall trading activity cooled—raising questions about how durable the bounce will be.
Justice King stays proceedings on suit claiming 39,069 dormant wallets worth $234B in bitcoin
Coinglass data shows $26B in short liquidation leverage dwarfing longs as Bitcoin holds near $62,000.
Bitcoin dropped below $60,000 last week, its lowest price in two years. And against this backdrop, another downturn is happening across the larger cryptocurrency market, Bloomberg News reported Sunday (June 7), wiping out billions of dollars.
With bitcoin prices sliding to levels not witnessed since February, the network's hashrate has undergone a steep contraction, with 145 exahash per second (EH/s) exiting the system since the close of May.
A New York judge has temporarily halted a controversial lawsuit seeking ownership of thousands of dormant Bitcoin wallets containing an estimated 3.8 million BTC, currently valued at approximately $235 billion. The decision delays any immediate legal victory for the anonymous plaintiffs and sets the stage for a court hearing scheduled for July 14.
Peter Schiff, a well-known gold advocate and financial commentator, has once again criticized the cryptocurrency community, labeling Bitcoin investors a cult following the results of a recent social media poll. The survey, which ended on June 6, 2026, highlighted the strong conviction many Bitcoin supporters maintain despite ongoing criticism from long-time skeptics.
Strategy (NASDAQ: MSTR), the largest corporate holder of Bitcoin, may be preparing for another cryptocurrency acquisition following last weeks unexpected Bitcoin sale. Executive Chairman Michael Saylor sparked speculation on Sunday after sharing the companys well-known Bitcoin acquisition chart on X and posting the message, A good time to add more dots.
LTH-SOPR, Supply in Profit, and key price levels signal a potential shift in Bitcoin's market cycle.
Institutional profit-taking in Bitcoin ETFs may signal a shift in market dynamics, potentially impacting Bitcoin's price stability and investor sentiment. BlackRock's Bitcoin ETF sheds $214M in single-day outflow as institutional profit-taking accelerates.
Standard Chartered suspects Strategy could announce a large bitcoin buy on Monday, with estimates pointing to a buy of either 320 BTC or as much as 3,200 BTC. The outlook follows the company's recent sale of 32 BTC and suggests a much larger accumulation could quickly shift attention back to institutional demand.
Vocal gold bug and financial commentator Peter Schiff has lashed out at the cryptocurrency community.