Category: Bitcoin News

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…

Traders Eye $61K as Bitcoin’s Last Defense Before a Drop to the High $50Ks

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Key Takeaways Bitcoin’s RSI dropped to 17 on June 4, 2026, with the $61,310 swing low as the last clear support before $58K. All 14 moving averages signal bearishness, placing BTC $7K to $18K below its key trend lines. Traders need a 4-hour close above $64,500 for any rally to carry credibility toward the $67K to $70K resistance band. 1-Hour Chart: Relief Bounce Stalls, Structure Stays Bearish The 1-hour chart shows Bitcoin staged a brief relief bounce off the $61,310 low, but that move ran out of momentum around $64,500.…

Why Ethereum is falling harder than Bitcoin

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In the June 2026 crypto selloff, Ethereum has fallen harder than Bitcoin, and not by a little. Summary Ethereum has fallen about 32% in 2026, while Bitcoin is down roughly 11%, with the ETH/BTC ratio dropping to a 10-month low near 0.0283. Strong demand from spot Bitcoin ETFs has helped Bitcoin hold value better than Ethereum, whose ETF market remains much smaller and has seen persistent outflows. Analysts point to Ethereum’s higher risk profile, ETF weakness, whale selling, and growing competition from rival blockchains as key factors behind its underperformance.…

How Low Can Bitcoin Go? The Bear Targets

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With Bitcoin sliding below $62,000 in early June 2026, down more than 50 percent from its October 2025 high near $126,200, the question every holder is asking is simple: how low can it go?  Summary Bitcoin’s first major line is $65,000, with the $60,000 to $62,000 zone directly below it. Analysts see $55,000 to $57,000 as the most cited realistic stress-test floor. Prediction markets price meaningful odds of $50,000, $45,000, and $40,000 before 2027. The deeper $38,000 calls depend on Bitcoin repeating older cycle drawdowns despite ETF-era demand. The honest…

Bitcoin isn’t crashing because of Saylor

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When Bitcoin slid below $62,000 in early June 2026, the crypto world reached for the nearest villain: Michael Saylor.  Summary Strategy’s 32 BTC sale was too small to explain Bitcoin’s multi-day selloff or liquidation cascade. Jim Ferraioli argues Bitcoin’s real problem is that it has lost the market’s dominant momentum trade. Bitcoin has been grinding lower since its October 2025 peak, months before Saylor’s June sale. Gold, AI stocks, and IPO speculation are pulling speculative capital away from Bitcoin for now. On June 1, his company Strategy disclosed it had…

Bitcoin slipped below key cost basis levels during May market correction:  Finestel

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Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. Summary Finestel said Bitcoin ended May near $70,600 after inflation concerns, rising Treasury yields, and geopolitical tensions triggered a market pullback. The report found Bitcoin fell below key holder cost basis levels, while support emerged in the $70,000 to $73,000 range. Professional asset managers increased stablecoin allocations and reduced altcoin exposure as they adopted a more defensive stance.…

Bitcoin quantum discount hits 28% as BTC price sinks near $62K

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Bitcoin’s latest price decline has brought a new theory back into focus. Capriole Investments founder Charles Edwards says Bitcoin now trades with a 28% quantum discount. Summary Charles Edwards says Bitcoin trades at a 28% quantum discount due to slow developer action. Citi and Quantus have both warned that Bitcoin faces rising quantum-security risks. Bitcoin’s price drop toward $62K comes as macro stress and treasury concerns weigh on sentiment. Edwards argues that the market is pricing in fear over slow post-quantum security planning. His model compares Bitcoin’s market price with…

Crypto Holders Avoid Israel’s Tax Program, Exposing Just $50.7M of Hidden Capital – Bitcoin News

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Key Takeaways In August 2025, the Israel Tax Authority cut anonymity rules, causing crypto disclosures to drop to just 58. The policy shift left Israel with $14 million in revenue, missing a $700 million market collection goal. Taxpayers face a steep compliance hurdle before the current voluntary disclosure track closes on Aug. 31, 2026. Broad Underperformance Across All Assets Israel’s push to surface undeclared cryptocurrency holdings is falling far short of expectations, with new data showing that taxpayers are largely avoiding the country’s latest voluntary disclosure program. According to a…

Bitcoin has lost its momentum trade, says Charles Schwab’s Jim Ferraioli

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Bitcoin has fallen more than 16% over the past month even as the S&P 500 has gained 5%, a divergence that Charles Schwab says is being driven less by crypto-specific problems and more by investors chasing opportunities elsewhere. Summary Charles Schwab’s Jim Ferraioli says Bitcoin has struggled as investors chase momentum in AI stocks, commodities and anticipated IPOs. Ferraioli argues Bitcoin is competing for capital with a growing range of speculative opportunities, including pre IPO trading on platforms such as Hyperliquid. Recent ETF outflows and profit-taking by investors have added…