Tag: Bitcoin

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…

Saylor Says Bitcoin Slide Is Capital Rotation as Strategy Loss Grows

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Strategy’s Bitcoin holdings fell deep into paper-loss territory as BTC traded below the company’s average purchase price, renewing scrutiny of Michael Saylor’s Bitcoin treasury model. Strategy holds 843,706 Bitcoin (BTC) acquired at an average price of $75,699 per coin, with a total cost basis of $63.8 billion. However, the latest Bitcoin downturn sank the value of Strategy’s Bitcoin reserve to $52.6 billion, pushing its unrealized loss to $11.2 billion, according to the company’s dashboard. Strategy’s variable-rate perpetual preferred stock, STRC, has also declined below its intended $100 value and is…

$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…

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.…