Spot Bitcoin and Ethereum ETF flows show institutional moves as Bitcoin holds near $63,154 and dominance sits at 56.1% with total market cap at $2.26T.
In an eventful week for corporate bitcoin holdings, Strategy dominated crypto headlines with two contradictory moves that sent shockwaves through digital asset markets.
Bitcoin experienced a steep 14% decline last week, momentarily dipping to a 2026 low near $60,800. The dramatic sell-off has ignited heated debate about its underlying cause.
Arthur Hayes says AI absorbed dollar liquidity, sold HYPE, NEAR, WLD and ZEC, while keeping Bitcoin and Ethereum.
A few days after fueling speculation with a rare bitcoin sale, Strategy is already back on the path of accumulation. The company led by Michael Saylor has just acquired 1,550 additional BTC while raising its cash reserve to one billion dollars.
London BTC Company Ltd (LSE:BTC, OTCQB:VINZF) told investors it has staked its first US gold project, marking the first move under a planned strategy to build hard-asset gold exposure alongside its Bitcoin treasury and mining operations. The company has secured 111 mineral claims at the Huntington-Whitman Gold-Silver Project in Humboldt County, Nevada, through its wholly owned US subsidiary Tethered Gold LLC.
Where does Bitcoin's price stand right now after Strategy's purchase?
U.S. spot Bitcoin exchange-traded funds have extended their redemption pattern into a fourth consecutive week, recording $1.72 billion in net withdrawals for the period ending June 5, based on figures from SoSoValue.
Bitcoin (BTC) slipped below the $63,000 mark on Monday, extending a mild pullback as markets weighed a mix of regulatory developments, ETF flow data, and fresh warnings over wallet-focused malware targeting macOS users. According to OKX pricing cited in local reports, BTC was trading around $62,990, down 0.38% over the past 24 hours as of Monday UTC.
Wealthy crypto investors are continuing to cluster around Bitcoin (BTC) and Ethereum (ETH), underscoring a defensive, 'core-asset' stance as market volatility persists. At the same time, a handful of smaller-cap tokens are flashing 'extreme oversold' readings, with Relative Strength Index (RSI) values dropping into the 0% range—levels that typically spark debate around a potential short-term bottom.
Despite the Bitcoin crash to $59,000 triggering extreme fear across the crypto market, not everyone is worried about the move. For some, this move was expected and means that the cryptocurrency's price is actually going according to plan.
Arca is blaming Strategy's sale of 32 BTC for last week's BTC crash, not AI capital rotation, as Strategy's Saylor claimed.