Bitcoin held a narrow intraday range of $72,622 to $76,047 on Thursday, as bears maintained structural control across multiple timeframes. Price action on the 1-hour, 4-hour, and daily charts all pointed to a market searching for directional conviction near multi-week lows.
BlackRock's significant Bitcoin investment signals growing institutional trust, potentially stabilizing and boosting the cryptocurrency market's trajectory. BlackRock deposits $517M in Bitcoin to Coinbase Prime, boosting market confidence.
Massive Outflow: The BlackRock ETF recorded a $527.8 million withdrawal, landing just short of its January record and marking its second‑largest daily redemption since launch. Market Turmoil: Bitcoin's slide below $73K after U.S. airstrikes near the Strait of Hormuz added pressure, creating a feedback loop where falling prices and ETF redemptions reinforced each other.
A fresh note from Alea Research argues that the crypto market is entering a more selective phase led by Bitcoin (BTC), as resurgent U.S. inflation and an intensifying wave of AI-related capital spending tighten the liquidity backdrop that typically supports risk assets. The firm's core message: equities can still lean on earnings and cash flow to justify lofty valuations, but crypto remains more directly exposed to shifts in ‘liquidity', collateral conditions, and marginal capital inflows.
Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor doubled down on his long-running Bitcoin (CRYPTO: BTC) thesis, arguing that it has already won the global digital monetary race due to its massive network effects and institutional adoption. "There's no second-best crypto asset," Saylor said during a recent interview.
Jeff Walton thinks the idea is almost too simple. The chief risk officer at Strive Asset Management said this week that Bitcoin-backed securities could reshape how people think about money and credit — and that skepticism around the sector partly stems from how straightforward the concept seems.
One of the few analysts who accurately called Bitcoin's 2025 top believes BTC needs to hold one key level to avoid a price collapse. The pseudonymous analyst KillaXBT tells his 201,600 followers on X that Bitcoin may attempt to break through resistance around the $80,000 level in the near term.
BlackRock, the world's largest asset manager, has recorded the second-largest single-day outflow in the history of its Bitcoin (BTC) fund launched in 2024.
Strive bought 1,109 bitcoin last week, raising its total holdings to 16,500 BTC and strengthening its place among major public corporate holders. The company is also reviewing new capital-raising tools as it prepares to expand its bitcoin-linked treasury strategy.
Bitcoin Drops Below $73K as US-Iran Strikes Trigger $1B Liquidations
Bitcoin BTC$73,288.76 fell below $73,000 to the lowest level since April 13 on Thursday as renewed fighting between the U.S. and Iran rattled global markets, pushing oil higher and dimming hopes for a permanent ceasefire.
Investor retreat from debasement trade signals a shift in market sentiment, potentially impacting asset valuation and hedging strategies. JPMorgan strategist notes retreat from debasement trade as bitcoin, gold ETFs see outflows.