Long-time Bitcoin critic and pro-gold advocate Peter Schiff has continued his social banter against Saylor and his Bitcoin treasury firm, MicroStrategy.
Bitcoin is locked in a tense standoff under $72,000, and a lineup of analysts, including Benjamin Cowen and stock-to-flow creator PlanB, are warning that the next big move points down toward $60,000.
Bitcoin (CRYPTO: BTC) is falling behind the AI trade, with a bounce around $71,000 being key for long-term market structure, according to analysts. BTC Key Levels In a May 30 "Casual Friday" episode, prominent crypto traders Cred and DonAlt said Bitcoin's monthly close is critical after the asset rejected near the $82,000-$83,000 monthly resistance zone.
BTC Sale: Strategy sold 32 BTC for $2.5 million, its first sale since 2022, reducing holdings to 843,706 BTC and generating funds for preferred stock distributions. Capital Moves: The firm sold $128.3 million in MSTR shares, expanded its ATM programs, and repurchased $1.5 billion in convertible notes at an 8% discount using cash reserves.
Strategy has ended a nearly four-year stretch of uninterrupted Bitcoin accumulation after selling 32 BTC for $2.5 million during the final week of May. According to a Form 8-K filing submitted to the U.S.
Trump's Bitcoin Reserve was meant to be "digital Fort Knox." 14 months in, here's what's actually happening, what isn't, and what the May announcement could change.
Bitcoin remains caught between strengthening supply dynamics and lingering market uncertainty.
Geopolitical tensions near vital trade routes can trigger widespread market volatility, highlighting crypto's vulnerability to global events. US Central Command intercepts two Iranian missiles targeting Kuwait, Bitcoin drops below $73K.
Strategy, the company led by Michael Saylor, has sold 32 Bitcoins for approximately $2.5 million, according to a recent SEC filing. The transaction was completed between May 26 and May 31 at an average price of $77,135 per BTC, marking the company's first Bitcoin sale since its 2022 tax-loss harvesting trade.
Geopolitical tensions and leveraged liquidations highlight Bitcoin's vulnerability, shaking investor confidence and signaling potential volatility. Bitcoin falls below $72K amid US-Iran tensions, impacting market confidence.
Crypto markets continue to struggle even as risk markets across the globe surge higher.
Bitcoin slipped below $73,000 after failing to extend its weekend rebound, touching about $72,500 near short-term support around $72,000. Spot Bitcoin ETFs recorded 10 straight days of outflows totaling $2.97 billion, while derivatives still showed positive funding, steady open interest and call demand.