Riot Sells 3,778 BTC in Q1 as Miner Strategy Shifts
Crypto markets saw a sharp 'leverage flush' over the past 24 hours, with roughly $185 million in forced liquidations hitting derivatives traders even as spot prices held firm—suggesting the day's key story was risk being taken off the table, not a decisive shift in direction. Liquidations were concentrated in the two bellwether assets, highlighting a broader cooling in 'risk appetite' rather than an altcoin-specific shock.
Younger investors are approaching financial markets with a perspective that sharply differs from previous generations. For Gen Z, volatility in assets like Bitcoin is not a deterrent but a deliberate element of their investment strategy. Digital assets are increasingly integrated into portfolios as tools for diversification rather than purely speculative bets.
ARK Invest CEO Cathie Wood said that Bitcoin as a "proven" asset would no longer experience drawdowns of 85% or more from all-time highs.
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Circle Unveils New Token to Expand Bitcoin Utility
Traders' mindset isn't likely to shift bullishly anytime soon.
Bitcoin dropped to $65,834 Thursday after President Trump delivered a primetime address vowing to strike Iran “extremely hard” in the coming weeks, marking the cryptocurrency's lowest price of 2026. Ethereum fell 5% and BNB declined 6.8%, with most top-ten tokens finishing the week in the red.
MARA Holdings conducted a series of company-wide layoffs this week affecting multiple departments, with sources describing the cuts as “ongoing” and carried out across at least two rounds on Wednesday and Thursday.
Riot's BTC sale underscores the delicate balance between operational funding and market stability, potentially influencing future Bitcoin volatility. Riot sells 3,778 BTC for $290M, impacting Bitcoin price targets by June 2026: FT.
Riot Platforms earned over $289 million from its Bitcoin sale.
CRCL stays near $90 as Circle unveils 1:1 BTC-backed cirBTC while the stock remains under pressure from stablecoin policy concerns.