Bitcoin
Debt crisis fears put Bitcoin undervaluation back in focus
Bitcoin has drawn a new valuation argument from Bitwise, as rising sovereign debt pressures keep bond markets under strain and strengthen the case for BTC as a macro hedge.
Bitcoin Critic Peter Schiff Takes a Jab at BTC As Price Falls Below $67K
Bitcoin price falls below $67K as Peter Schiff criticizes BTC, short-term holders realize losses, and the “Bitcoin is dead” debate returns.
Bitcoin Derivatives Flash Red Flags with Open Interest Hitting 773K BTC
Bitcoin fell below $70,000 and traded around $69,300, while futures open interest climbed to roughly 773,000 BTC, one of the highest readings on record. Funding rates rose to about 10% annualized, showing long traders are still paying to maintain rebound bets despite falling prices.
Where Does Bitcoin Go From Here? This Is What the Charts Say
Bitcoin just had its worst day since April. The death cross is in effect, and prediction markets are bearish.
Bitcoin abruptly crashes to $67,000 for the first time since February
Bitcoin fell below $68,000 on Tuesday, hitting its lowest level since early April as traders reacted to Strategy's Bitcoin sale, ETF outflows, and NEW Mt. Gox wallet movement.
Massive Bitfinex Whale Fills Up Bags as BTC Price Collapses to $67K
A prominent Bitcoin trader on the Bitfinex cryptocurrency exchange is aggressively accumulating massive positions despite a severe downturn in the spot market. CoinCorner CEO Danny Scott has noted that a historically accurate Bitfinex whale has pushed market indicators vertically.
Wall Street Continues Investing In Crypto Despite Bitcoin ETF Outflows
Nearly 3 billion dollars have left U.S. Bitcoin ETFs in two weeks, fueling fears of a decline in institutional interest in cryptos. However, some observers believe the market is drawing conclusions too quickly.
Bitcoin set for 'choppy summer' as capital chases high-flying AI stocks, K33 says
The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too high.
Altcoin Season Index at 49 — Traders Need Bitcoin Dominance Below 55% to Trigger Rotation
Bitcoin's correction below $70,000 has pulled its market dominance down to roughly 58% and pushed the Altcoin Season Index to 49, raising real questions about whether capital is rotating out of BTC and into altcoins, though the data does not confirm a full altseason yet.
Bitcoin's On-Chain Landscape Looks Far Different From Its 2021 Bull Market Peak
Given the prolonged waning price action, the Bitcoin network is starting to feel this bearish pressure, leading to a sharp decline in activity across the network. After a period of downward performance, the level of activity and participation within the network has significantly dropped below levels seen in previous bull market cycles.
As Strategy Sells Bitcoin, Strive Doubles Down With $4.2 Billion Offering
Benchmark-StoneX analysts grew bullish towards Strive after the Bitcoin-buying asset manager padded cash reserves while growing its stockpile.
Bitcoin: Strive buys 2,500 BTC and strengthens its status as a public giant
Today, June 2, Strive (ASST) reported to the SEC the acquisition of 2,500 BTC for 185.2 million dollars, at an average price of 74,092 dollars per unit. The Dallas-based treasury company thus surpasses 19,000 BTC and ranks among the top ten publicly traded companies holding bitcoin.
