Tag: Bitcoin

Over $600M in Bitcoin Longs Liquidated As BTC Price Nears $60K

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Bitcoin’s (BTC) brief plunge toward the $60,000 area triggered more than $600 million in long liquidations, raising doubts over whether the latest rebound marks a real bottom or only a relief bounce after a leverage flush. BTC price may rebound toward $70,000 next BTC fell to roughly $61,300 on Thursday before recovering 5.52% to around $64,690, with the rebound coinciding with reports that Israel and Lebanon had agreed to implement a ceasefire. BTC/USD four-hour chart. Source: TradingView The volatile move liquidated over $737 million in BTC positions on a 24-hour…

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…

Bitcoin at $25k? – Peter Brandt & Ran Neuner

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Peter Brandt called Bitcoin’s top to the exact month. Now he’s calling the bottom — somewhere in the $50-60K range. And he says nobody will want to buy it when it gets there. Ran sat down with one of the most respected chartists alive — 6 decades of trading, zero hype. This is the clip everyone in crypto needs to see. Follow Peter Brandt on X: 👉 Subscribe to our channel: 👉 Ran’s Show – Crypto Alpha, News & Fundamentals: 🌎 𝗝𝗢𝗜𝗡…

Bitmine Targets $300M in Preferred Stock to Stack More ETH, Yields 9.50% – Bitcoin News

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Key Takeaways Bitmine filed to raise $300M through 9.50% perpetual preferred stock on June 3, 2026, backed by Moelis and Cantor Fitzgerald. The company holds 5,416,901 ETH worth roughly $9.89B total (using current exchange rates), with projected staking income of up to $296M annually covering the $28.5M dividend obligation. BMNR applied to list the preferred shares on NYSE under BMNP, with trading expected within 30 days of issuance pending approval. The Offering The said it company filed a preliminary prospectus supplement with the SEC on June 3, 2026, pricing 3,000,000…

Polymarket upholds ‘No’ ruling in disputed Strategy Bitcoin sale market

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Polymarket has finalized a disputed prediction market with a “No” outcome after 98.6% of voting power backed the decision in a final UMA review, despite Strategy disclosing that it sold 32 Bitcoin before the market’s May 31 deadline. Summary Polymarket finalized the disputed Strategy Bitcoin sale market with a “No” outcome after 98.6% of UMA voting power backed the decision. Traders challenged the ruling because Strategy disclosed that it sold 32 Bitcoin between May 26 and May 31, before the contract deadline. The dispute has fueled debate over whether prediction…

Bitcoin price slides below $63K as Iran tensions shake crypto markets

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Bitcoin fell below $63,000 on Thursday as the selloff in the crypto market deepened.  Summary Bitcoin dropped below $63,000 as sellers broke the May range and liquidations crossed $1.1 billion. Analysts now watch $60,000, $55,000 and $50,000 as pressure builds across Bitcoin derivatives markets. RSI and MACD readings show Bitcoin is deeply oversold, but bearish momentum remains active. The move pushed BTC to its weakest level since February and extended a sharp decline from its May range. The drop came as renewed U.S.-Iran tensions weighed on wider risk markets. The…

Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels

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Bitcoin has lost the $66,000 level as selling pressure and uncertainty intensify across a market that is now testing support levels not seen since the early stages of this year’s recovery. The breakdown is accelerating, and a CryptoQuant report has identified a specific pattern in the on-chain data that places the current selling in a historical context that traders will recognize immediately. Related Reading Short-term holders are realizing losses at the strongest pace since early February. The “STH Loss to Binance” metric on Binance dropped to -16,400 BTC on June…

Wyoming targets AI data centers as Bitcoin mining power race grows

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Wyoming Governor Mark Gordon signed Executive Order 2026-03 to guide data center and advanced computing development across the state. The order is titled “Data Centers the Wyoming Way.” Summary Wyoming’s order guides AI data center growth while seeking to protect water, power and local communities. Big Tech’s $650B AI spending plan adds pressure on states with cheap land and energy. Bitcoin miners in Wyoming could benefit as more firms shift toward AI and HPC hosting. The order applies to state agencies that permit, review, regulate, support or help large data…

Community Clashes Over Strategy’s First Bitcoin Sale in 4 Years as MSTR Craters 7%

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Key Takeaways Strategy sold 32 bitcoin for $2.5 million between May 26 and May 31, its first disclosed sale since December 2022. MSTR shares dropped roughly 6% to around $150 and bitcoin fell below $65,000 days after the June 1 filing, triggering billions in crypto liquidations. Crypto analysts and X commentators split sharply on whether the sale signals routine treasury management or the first crack in Saylor’s accumulation machine. Forty-One Months of Holding, Then This The filing, signed by Executive Vice President and General Counsel Thomas C. Chow, confirms the…

Bitcoin Holders Signal Stress, $60K Becomes Critical Battleground

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…