Author: boss

Bitcoin Price Action Sees First Sub-$70,000 Dip Since Mid-April

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Bitcoin (BTC) traded below $70,000 for the first time in two months on Tuesday as sellers stayed in control. Key points: Bitcoin drops under $70,000 to new two-month lows. Analysis sees 200-day trend lines coming back into play as bulls fail to rescue BTC price action. Stocks continue to post record highs while crypto stays bearish on US-Iran events. BTC price analysis warns of “bearadise” as support thins Data from TradingView showed new BTC price lows of $69,631 on Bitstamp. After failing to follow stock markets higher, BTC/USD increased its…

Polymarket users challenge outcome of $80M Strategy Bitcoin bet

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More than $80 million has been wagered on a Polymarket market tied to Strategy’s Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market’s May 31 deadline. Summary A Polymarket market with more than $80 million in volume entered a dispute after Strategy disclosed a 32 Bitcoin sale that occurred before the May 31 deadline. Polymarket proposed a “No” resolution, arguing that confirmation of the sale was not publicly available within the market’s timeframe. The final…

Binance Unveils Trading Access To Over 7,000 US Stocks, ETFs—And Adds A New Tokenization Plan

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Binance is making another push to blur the line between digital assets and traditional markets. In an announcement made Monday, the company said its users will soon be able to trade more than 7,000 US stocks and exchange-traded funds (ETFs).  It also detailed a plan to let customers convert the stocks they hold into tokenized, crypto-style digital assets, as part of what Binance describes as a wider effort to evolve into a “multi-asset financial super app.” Binance Targets ‘Friction-Free’ Stock Trading Speaking to Fortune, Binance co-CEO Richard Teng highlighted why…

Is Mt. Gox selling $739 million worth of Bitcoin?

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Mt. Gox has transferred 10,422 BTC worth about $739 million in its first on-chain bitcoin movement since March, raising concerns among market watchers. Summary Mt. Gox moved 10,422 BTC worth about $739 million in its first major bitcoin transfer since March, according to Arkham Intelligence. Blockchain data shows the bitcoin was sent to a new unmarked wallet rather than a known exchange address, leaving the purpose of the transfer unclear. The exchange still holds more than 34,500 BTC as creditor repayments continue under a deadline that runs through October 2026.…

Sosnick Warns Crypto’s ‘Tourists’ Are Cashing out as Bitcoin ETFs Bleed $1.42 Billion

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Key Takeaways Interactive Brokers’ Steve Sosnick warns crypto bought by performance chasers will be sold by performance chasers. Spot bitcoin ETFs lost $1.42 billion last week, the third-highest weekly outflow on record. A real conviction-based rally, Sosnick argues, depends on holders who do not flee at the first AI-stock distraction. The “ Crypto Tourist” Thesis Speaking on Laura Shin’s “Bits + Bips” podcast alongside co-host Steven Ehrlich, Sosnick argued that much of the capital that flowed into crypto during the rally never had real conviction behind it. “If it was…

S&P 500 Closes at Record 7,599 as Stocks Outrun a Lagging Bitcoin

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Key Takeaways The S&P 500 closed at a record 7,599.96 on June 1, up 0.26% on an Nvidia-led tech rally. Bitcoin opened June below $71,000 after $2.43 billion in May spot ETF outflows, lagging stocks. A widening stocks- crypto gap could test bitcoin’s correlation with risk assets into the summer. Tech Leads Indexes to Fresh Records U.S. equities began June on a solid note, as the S&P 500 rose 0.26% to close at an all-time high of 7,599.96, while the Nasdaq Composite gained 0.42% to 27,086.81 and the Dow Jones…

Arthur Hayes Says HYPE Will Beat SOL

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As Hyperliquid (HYPE) reaches new all-time highs (ATHs), Arthur Hayes has bet six figures that the token will continue to rally and outperform Solana (SOL) in the coming months. Related Reading Arthur Hayes Doubles Down On Hyperliquid On Sunday, BitMEX co-founder Arthur Hayes reaffirmed his bullish outlook for Hyperliquid, affirming that the token will outperform the leading cryptocurrencies by market capitalization. In an X post, he asked long-time Solana believer and Chairman of Forward Industries, Kyle Samani, to do “a gentleman’s charitable bet” on which token would have the best…

Bitcoin ETF withdrawals reach $3.45B in 11 day streak as BTC slides

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Bitcoin ETFs have recorded $3.45 billion in net outflows across 11 consecutive trading sessions after another $483.8 million left the funds on Monday, as investors reacted to geopolitical tensions and renewed selling pressure in the crypto market. Summary U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive trading sessions. Bitcoin fell below $71,000 as ETF withdrawals accelerated and geopolitical tensions between the U.S. and Iran weighed on market sentiment. Strategy disclosed its first Bitcoin sale since 2022, while more than…

Robinhood Enters Canada Crypto Market With $180M WonderFi Deal

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Stock and crypto trading platform Robinhood has entered the Canadian market after closing a $180 million stock acquisition of local crypto technology company WonderFi, gaining the company’s licenses and regulatory approvals in the country. Robinhood said on Monday that the acquisition marks the platform’s entry into Canada and will see crypto exchanges Bitbuy and Coinsquare come under the company’s banner. Bitbuy and Coinsquare are among Canada’s largest crypto exchanges. WonderFi disclosed in March that the platforms generated combined revenue of $49.8 million in 2025. Johann Kerbrat, the general manager of…

Bitcoin Falls to Two-Month Low as Stocks Hit Record Highs

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Bitcoin fell to its lowest level in almost two months on Tuesday as cryptocurrencies continue to diverge from traditional equity markets. Bitcoin (BTC) fell to a low of $70,023 on Coinbase early on Tuesday, its lowest level since April 7, marking a daily decline of more than 4% and a weekly loss of 8%, according to TradingView. Bitcoin is down 44% from its October peak of $126,000.  US stock markets such as the S&P 500 have meanwhile hit a record high of just over 7,600 points on Monday, while the…