Category: Bitcoin News

Bitcoin network activity drops to a 7-year low as price weakens

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Bitcoin has seen its network use fall to its weakest level in more than seven years as selling pressure and lower on-chain activity weigh on market confidence. Summary Bitcoin active addresses dropped near 2019 bear market levels, according to Bitcoin Magazine’s 60-day moving average data. Bitcoin network use has declined since the 2021 bull market, as ETFs reduced direct on-chain transaction demand. The Genius Act helped stablecoin activity expand on Ethereum, Solana, and Tron, adding pressure on Bitcoin utilization. Bitcoin Magazine data showed that the 60-day moving average of active…

Who Sold Bitcoin During the Crash? Coinshares Reveals Who’s Really Selling Bitcoin ETFs

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Key Takeaways Coinshares reported 52.5K BTC sold by 13F filers in Q1 2026. JPMorgan and Wells Fargo lifted bitcoin exposure as hedge funds cut 39%. Bitcoin ETF inflows topped $2.3B by mid-May, shifting focus to Q2 filings. The Great Bitcoin ETF Shakeout, Coinshares Shows Which Investors Lost Conviction According to a recent report from Coinshares Digital Asset Analyst Matt Kimmell, professional bitcoin holdings fell from 313,000 BTC equivalent to 261,000 BTC, a 17% quarter-over-quarter decline. The total value of those holdings dropped 35% to $17.8 billion. The report characterizes the…

Bitcoin ETFs Hit 13-Day Outflow Streak With $396M Exit

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Key Takeaways Bitcoin ETFs lost $396.6M on June 3, with Blackrock IBIT shedding $342.3M. Ether, solana, and XRP ETFs saw outflows; ETHA drove a 17-day ether losing streak. HYPE ETFs gained $2.99M via 21Shares THYP, standing alone against broader weakness. HYPE ETFs Add $2.99M While Bitcoin and Ether Outflow Streaks Deepen The pressure that began in bitcoin and ether has now spread across much of the crypto exchange-traded fund (ETF) market. After nearly two weeks of steady redemptions, investors continued to pull money from the largest digital asset funds. Bitcoin…

Bitcoin and MSTR fall as Saylor points to a bigger AI shift

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Bitcoin (BTC) has fallen into bear-market territory after a sharp overnight selloff, while Michael Saylor framed the decline as a temporary capital rotation into artificial intelligence rather than a loss of confidence in the asset. Summary Bitcoin fell into bear-market territory after dropping 22.7% from its four-week high. Michael Saylor said that AI infrastructure funding caused capital to rotate away from Bitcoin ETFs. The strategy’s small Bitcoin sale raised concern because the company had not sold BTC since 2022. Strategy Executive Chairman Michael Saylor said Thursday on X that capital…

Coinbase funds first Bitcoin mortgage backed by Fannie Mae

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Coinbase has funded the first Fannie Mae-insured mortgage in the U.S. using Bitcoin-backed collateral, bringing digital assets into a part of the housing finance market traditionally dominated by cash savings and bank deposits. Summary Coinbase and Better Mortgage have completed the first Fannie Mae-insured U.S. mortgage backed by Bitcoin collateral. Borrowers can pledge Bitcoin and USDC without selling their holdings, with the assets held in a custodial account during the mortgage process. Better Mortgage expects up to $250 million in loan volume from its waitlist, while Coinbase plans a nationwide…

Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital – Bitcoin News

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Key Takeaways Strategy sold 32 BTC on June 1, 2026, ending its standalone sale streak since 2022. U.S. bitcoin ETFs logged $4B in outflows, adding pressure to BTC prices. Michael Saylor cites $400B artificial intelligence (AI) spending as a key factor to watch next. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500. The asset is down 26.5% year-to-date, 11.8% over the past week, and more than 20% during the last 30 days. It also sits roughly 48% to 49% below…

Bitcoin price recovers after weak U.S. jobs data eases pressure on risk assets

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Bitcoin has rebounded from an intraday low near $61,500 after weaker-than-expected U.S. labor market data strengthened expectations that the Federal Reserve could still lower interest rates later this year. Summary Bitcoin price rebounded from an intraday low near $61,550 after U.S. jobless claims exceeded forecasts, boosting expectations of future Federal Reserve rate cuts. U.S. initial jobless claims rose to 225,000 last week, while first-quarter labor costs increased 1.8%, below economists’ 2.5% estimate. Despite the recovery, Bitcoin remains below a key technical support level after confirming a bearish rounding-top pattern, with…

$1 Trillion Payments Giant Visa Tests Private Stablecoin Settlement for Institutions – Bitcoin News

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Key Takeaways Visa and Brale launched a 2026 SBC stablecoin settlement proof of concept. Canton Network privacy features target institutional payment and compliance needs. Visa, active in stablecoins since 2021, is evaluating additional settlement options. Visa Expands Stablecoin Strategy The collaboration centers on SBC, a U.S. dollar-backed stablecoin issued by Brale, and will examine whether privacy-enabled blockchain infrastructure can support faster and more programmable settlement while helping institutions protect sensitive transaction data. Visa said the initiative reflects growing interest among financial institutions in using stablecoins for settlement without sacrificing privacy,…

Bitcoin crashed below $62,000. What happened

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Bitcoin has been in freefall since June 2, 2026. What started as a midday flash crash that knocked the price from about $71,765 to $67,895 has turned into a three-day slide. Summary Bitcoin fell below $62,000 after a three-day selloff that erased months of gains and triggered roughly $1.8 billion in liquidations. Data showed leverage had climbed to levels last seen before the October 2025 crash, leaving the market vulnerable to a liquidation cascade. Analysts pointed to weakening Bitcoin demand, persistent ETF outflows, and broader risk aversion as factors that…

Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin

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Key Takeaways DDC Enterprise purchased 90 BTC on June 3, 2026, lifting total holdings to 2,804 BTC at a $78,736 average cost. The company’s YTD BTC Yield of 48.3% tracks per-share bitcoin exposure growth, not price appreciation. DDC now ranks approximately #28 among public corporate bitcoin holders, with holdings nearly tripling since mid-2025. Another Dip Buy as Holdings Near 3,000 BTC The company announced the purchase via its official X account with the note: “When the market offers discounts, we lean in.” The 90- bitcoin buy follows a 131 BTC…