Category: News

Standard Chartered reaffirms $100K Bitcoin bet as bears see more pain

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Bitcoin has fallen more than 15% this week and briefly slipped towards $61,000, yet Standard Chartered has kept its year-end price target at $100,000 and said the current decline may offer a buying opportunity. Summary Standard Chartered kept its $100,000 Bitcoin target, saying the recent selloff may be nearing an end. Geoffrey Kendrick expects Strategy to resume Bitcoin purchases and cited resilient spot ETF inflows. The bank said recent Bitcoin liquidations were smaller than those seen in major past market crashes. According to a note sent to clients on June…

Bitcoin Must Hold $60,000 Next After $2 Trillion Crypto Market Wipeout

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Bitcoin (BTC) returned below $64,000 after Thursday’s Wall Street open as bulls nursed 13.5% weekly losses. Key points: Bitcoin struggles to stabilize amid its worst week of losses in 2026 so far. $60,000 is the line in the sand for bulls to defend, analysis says. BTC price action with a key trend line closely mimics the 2022 bear market. Bitcoin “sellers remain in control” as $60,000 nears Data from TradingView showed BTC price strength barely recovering after a slide to its lowest levels since early February. BTC/USD one-hour chart. Source:…

Bybit Lists Western Union’s USDPT Stablecoin Amid Payments Push

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Crypto exchange Bybit has added support for Western Union’s USDPT stablecoin, a move that brings the payments giant’s digital dollar onto a major crypto trading venue for the first time. The companies announced on Thursday that USDPT, Western Union’s US dollar-pegged stablecoin, is now available on Bybit for holding, trading and transfers. The integration expands USDPT beyond payments and into crypto trading while increasing the range of dollar-denominated stablecoins available to Bybit users. Bybit said it is the first major cryptocurrency exchange to support USDPT. Source: Western Union Western Union…

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…

Why It’s Time To Start Paying Attention To Solana Before It Stages A Repeat Of 2024

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Crypto analyst Crypto Patel has made a bullish case for Solana, explaining why it is time to start paying attention to the crypto asset. This came as he noted that SOL has printed 8 consecutive red monthly candles for the first time in its history.  Why It Is Time To Start Paying Attention To Solana In an X post, Crypto Patel stated that Solana had just printed 8 consecutive red monthly candles in its existence and that this is worth paying attention to. He reiterated that this has never happened…

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…