Bitcoin mining stocks got hit hard on Friday. Every major publicly-listed miner fell in a single session, with losses ranging from 2.52% all the way to 9.59% — a wide spread that pretty much tells you the selling wasn't random or surgical.
The Bitcoin price has surged towards the $80,000 mark over the past few weeks, signaling an ongoing resurgence from the bear-market lows observed in the first quarter of 2026. However, the premier cryptocurrency appears to have run out of the bullish impetus to sustain its current recovery, as it hovers around a psychological price level.
Bitcoin traders reduced short-term volatility expectations as network participation slowly recovered from earlier.
While reports tied to onchain-tracked wallets have widely circulated claims that Bhutan has been reducing its bitcoin holdings over the past year, Druk Holding and Investments (DHI) told the media the firm does not “recall” the last time the entity sold BTC.
Crypto analyst Gargoyle has advised market participants not to buy Bitcoin until it sees high volume, which could mark the bottom. This comes amid BTC's recent drop below the psychological $80,000 level, with the leading crypto at risk of another decline.
On-chain metrics reveal a healthy mid-cycle reset, not a structural breakdown in Bitcoin's bull trend.
Bitcoin and altcoins look vulnerable to a sharp pullback as FOMC risk nears, with BTC struggling below key $79K resistance and momentum fading.
Bitcoin abruptly dropped as the specter of a new military escalation in the Middle East shakes global markets. After reports of possible US and Israeli strikes against Iran, investors fled risky assets, causing a wave of sell-offs in cryptos and massive liquidations in derivative markets.
Abu Dhabi-based Mubadala added over $90 million to its already sizeable position in BlackRock's iShares Bitcoin Trust ETF.
Bitcoin fell below $78,000 for the first time since the start of May, but traders refused to give up hope of a BTC price rebound coming next.
Bitcoin ETFs have just experienced 1 billion dollars of outflows in one week, ending six weeks of inflows. Is Bitcoin holding below $78,000?
The crypto market lost $90B in an hour as PPI hit 6%, BlackRock's IBIT shed $136M, and 154,000 traders were liquidated in 24 hours.