Bitcoin | Crypto

cirBTC gives Circle a BTC wrapper, but the harder test is whether custody, reserves, liquidity, and redemption controls can win institutional use. The post Circle wants wrapped Bitcoin to look bank grade before institutions trust it as collateral appeared first on CryptoSlate.

Bitwise research suggests that Bitcoin is leading a broader risk-off move across markets as global liquidity and stablecoin reserves remain elevated. Bitcoin’s (BTC) recent performance may be less about crypto market weakness and more about its position at the front of the risk curve. Asset management firm Bitwise said that BTC often acts as a “canary in the macro coal mine,” responding to shifts in liquidity and financial conditions before traditional markets. With equities now showing similar signs of strain, the firm sees Bitcoin's move as part of a wider risk-off adjustment.  Bitwise said that Bitcoin and Ether reached cycle lows of $58,000 and $1,507, respectively, as other global risk assets faced mounting pressure. The Nasdaq recorded its sharpest daily decline of 5% in months, and South Korea’s KOSPI (Korea Composite Stock Price Index), its benchmark stock index, triggered a temporary trading halt after a steep sell-off led by semiconductor stocks. The shift followed stronger-than-expected US labor ma...

Bitcoin bear market analysis showed copycat BTC price moves ongoing despite new hopes of a US-Iran peace deal. Bitcoin (BTC) hit week-to-date lows at Tuesday's Wall Street open as analysis put $65,000 as bulls’ level to beat. Key points: Read more

A $50,000 Bitcoin price target remains in play despite BTC maintaining above $60,000 support for now, as multiple indicators warn the bottom may not be in. Bitcoin (BTC) bulls successfully defended the $60,000 psychological support during last week’s 13% correction. BTC/USD daily chart. Source: TradingView Read more

Bitcoin’s drop toward $60,000 last week exposed how quickly a shift in investor appetite can turn into forced selling when leverage has been rebuilt beneath the surface of the crypto market. The largest cryptocurrency by market value fell nearly 14% last week, triggering almost $10 billion in liquidations of long futures as traders who had […] The post Bitcoin’s $10 billion liquidation wave reveals why the AI boom is hurting crypto appeared first on CryptoSlate.

Bitcoin at $62,500: Could Trump's Iran peace Deal Spark a Rally? The post Bitcoin at $62,500 and Waiting: Could Trump Iran Peace Deal Trigger a Major Rally? appeared first on Cryptonews.

OpenAI filed a confidential S-1 with the SEC, targeting a public debut as early as September at a valuation between $852 billion and $1 trillion. The filing arrived inside a broader wave that Goldman Sachs says could produce a record $160 billion in US IPO proceeds in 2026, with SpaceX targeting a $75 billion raise […] The post Bitcoin faces a Wall Street test as AI’s mega-IPO wave targets the same capital appeared first on CryptoSlate.

Bitcoin trader said that BTC price was approaching its cycle bottom "window" with the $53,000 cycle midpoint a potential buy-in level. Bitcoin (BTC) should see new all-time highs in 2028, a trader says as $53,000 becomes an important buy-in level. Key points: Read more

Standard Chartered maintained its call for Bitcoin to reach $100,000 by Dec. 31, even after the cryptocurrency briefly fell below $60,000 last week for the first time since October 2024. Geoffrey Kendrick, the bank's global head of digital assets research, called the selloff “painful” but argued the bulk of selling may be over, adding that […] The post Wall Street still says Bitcoin can hit $100,000, the market is starting to doubt it appeared first on CryptoSlate.

Circle Launches cirBTC to Challenge WBTC on Ethereum The post Bitcoin On Ethereum? Circle Launches cirBTC on ETH Targeting $9B WBTC Market appeared first on Cryptonews.

Bitcoin's recovery highlights investors' belief that BTC is discounted, but weak futures market activity could slow the rebound. Bitcoin (BTC) rallied toward $64,000 on Monday, but futures market activity was lagging, which may be a sign that the rebound could lose momentum. Traders placed nearly $162 million in buy orders between $57,000 and $59,000, forming one of the largest visible liquidity clusters below the current pricing, potentially setting the stage for BTC's next move.  Bitcoin's recovery coincided with a decline in futures market activity. Futures data shows that the aggregated open interest fell to 255,000 BTC from 282,000 BTC during the selloff and even though Bitcoin has recovered from its drop to $59,000, the open interest remains well below last week's peak. Read more

Bitcoin has entered its most painful phase, and the BlackRock ETF launch region remains crucial, according to new data.

Bitcoin is down about 50% from its peak, but Wall Street researchers argue the selloff reflects a maturing asset, not a dying one.

Record-low Bitcoin RSI readings and whale accumulation highlight a generational buying opportunity, even as analysts still expect BTC to fall below $60,000. Bitcoin's (BTC) lowest-ever readings on the daily and two-week relative strength index (RSI) are coinciding with steady accumulation across several investor cohorts, strengthening what one analyst called the "best thesis" for buying BTC.  Onchain data shows wallets holding 1,000–10,000 BTC added more than 53,000 BTC over the past 60 days, while smaller retail investors also increased their holdings.  MN Capital founder Michael van de Poppe highlighted Bitcoin's historically weak momentum readings as a potential long-term opportunity. Read more

A June 5 court stay and a June 2 spend turned the Noah Doe case into a test of legal title versus private-key control. The post A $239B claim on dormant Bitcoin wallets faces a new obstacle after old address moves appeared first on CryptoSlate.

Bitcoin analysis warned that $60,000 may not hold next, as bear-market moves continued and macro hurdles multiplied. Bitcoin (BTC) approached intraday highs ahead of Monday’s Wall Street open, with $60,000 holding as key support. Key points: Read more

Bitcoin flashes only its second weekly bullish divergence on record, a signal that previously preceded a 755% BTC price rally. Bitcoin (BTC) is showing a rare divergence between its falling prices and rising momentum, a setup that last appeared around the FTX-era market bottom. Key takeaways: As of Monday, BTC's weekly relative strength index (RSI) was over 34, almost two weeks after slipping under the oversold threshold of 30. In the same period, the price dropped to around $63,000 from $75,770. Read more

Strategy Bitcoin buying spree is back after a brutal week, and Tom Lee’s BitMine mirrored the aggression. Is bull run coming back? The post Strategy Bought more Bitcoin as Tom Lee Scooped more ETH in the Bloodbath Aftermath: Bull Run Making a Comeback? appeared first on Cryptonews.

Strategy resumed Bitcoin buying by purchasing 1,550 BTC for $101.3 million, bringing its total holdings to 845,256 BTC after last week’s controversial sale. [Update 18:15 UTC June 8: Adds outcome of Strategy shareholder vote on change in preferred stock dividend payments in sixth paragraph.] Strategy purchased 1,550 Bitcoin for approximately $101.3 million last week, bringing its total holdings to 845,256 BTC. The company paid an average price of $65,332 per Bitcoin for the purchase, according to a Monday 8-K filing with the US Securities and Exchange Commission. Strategy's aggregate Bitcoin holdings were acquired at an average price of $75,680 per BTC, for a total cost of about $63.97 billion. Read more

Bitcoin traders warned that it should be Q3 at least before the real BTC price bear market bottom entered. Bitcoin (BTC) starts the second week of June with damage control — and new macro lows are still expected this year. Bitcoin saw modest relief around its latest weekly close, data from TradingView shows, but among traders, the lack of major good news is conspicuous. Read more