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Established in 2013, NewsBTC is a pioneer in the crypto industry and a wholly-owned, independent publisher.
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Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead
Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment. Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the...
Fri, Jun 5
Strategy’s Leveraged Bitcoin Model Is Under Strain, Researchers Warn
Grayscale’s head of research says Strategy’s leveraged business model has come under pressure, and that pressure could make it harder for the company to keep adding Bitcoin to its holdings. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy A Dividend...
Fri, Jun 5
Here’s How High The Bitcoin Price Will Climb If It Breaks The Current Bear Trend
Bitcoin has spent the better part of the past several weeks delivering a painful lesson to bulls. The largest cryptocurrency by market capitalization has shed more than 22% over the past month, slicing through support levels that many traders had considered established. Bitcoin is still trapped belo...
Fri, Jun 5
Arthur Hayes Dumps Entire Zcash Bag, Keeps WLD Bet Alive
Arthur Hayes says Maelstrom has sold its entire Zcash position after new disclosures around the Orchard Pool vulnerability sharpened the perceived risk around ZEC’s monetary integrity. The move effectively ends his recent “Holy Trinity” trade across ZEC, NEAR and HYPE, while leaving Worldcoin as the...
Fri, Jun 5
Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor
Bitcoin spot ETFs have now recorded net outflows in 17 of the last 19 days, with investors pulling a combined $5.6 billion from the products during that stretch. Taking Stock Of The Damage The numbers have pushed year-to-date flows for US-traded Bitcoin ETFs into negative territory, landing at negat...
Fri, Jun 5
Dogecoin Has Entered A Historically Red Month And The Result Could Be Catastrophic
In the 13 years that Dogecoin has been in existence, it has seen some interesting trends across various months. However, each month has had its fair share of greens and reds, but the month of June has mostly defied this. With Dogecoin mostly ending June in the red over the years, the odds of this re...
Fri, Jun 5
Bitcoin Price In ’Vulnerable Position’ As 2022 Playbook Repeats – Is $54,000 Next?
While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point. Related Reading: Zcash Fixes Critical Orchard Vulnerabilit...
Fri, Jun 5
HYPE Defies Market Selloff As Whales Withdraw Another $108M From Exchanges
HYPE is trading above $60 despite the recent market selloff that has dragged most crypto assets to significant losses over the past several days. The relative strength is notable — but Arkham Intelligence data has revealed a series of institutional-scale transactions in the past several hours that t...
Fri, Jun 5
Analyst Spots XRP Signal That Preceded Every Major Rally Since 2017
XRP may be heading toward a significant price recovery if a rare technical signal repeating across multiple market cycles holds true again. Related Reading: Bitcoin’s $60K Range Seen As Potential Long-Term Accumulation Zone, Analyst Says Based on analysis, a long-term ascending channel that has guid...
Fri, Jun 5
Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage
Nearly four months after crypto exchange Coinbase and the Federal National Mortgage Association—better known as Fannie Mae—announced their partnership, the companies have now disclosed what they describe as the first-ever mortgage backed by crypto collateral. No Need To Sell Crypto The concept was o...
Fri, Jun 5
Bitcoin’s Most Important Metric Flashes Warning As Bulls Fight To Hold $60K
Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market’s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has ide...
Fri, Jun 5
Bitcoin Price Back At $63,000 Despite 1.2 Million BTC Absorption
Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi’s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the la...
Fri, Jun 5
Ethereum Price Downtrend May Not Be Over—Sub-$1,700 Levels Loom
Ethereum price started a fresh decline and traded below $1,750. ETH is now consolidating below $1,750 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $1,800. The price is trading below $1,780 and the 100-hourly Simple Moving Average. There is a bearis...
Fri, Jun 5
Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy
BitMine Immersion Technologies is seeking $300 million through a preferred stock sale that would pay a 9.5% annual dividend and, if approved, be listed on the New York Stock Exchange. The filing gives the Tom Lee-led company fresh money it can use to add more Ether while tying investor returns to a ...
Fri, Jun 5
Bitcoin Price Pain Isn’t Over Yet As Selling Pressure Persists
Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average. There is a beari...
Fri, Jun 5
Has The Bitcoin Crash Ended After Falling Below $70,000?
Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks. ...
Fri, Jun 5
XRP Long-Awaited Wave Structure Finally Unfolds – What Comes Next?
XRP has entered a pivotal stage as the wave structure traders have been tracking for months finally begins to take shape. With volatility increasing and crucial price levels approaching, the next few moves could provide valuable clues about whether XRP is nearing a bottom or preparing for another le...
Fri, Jun 5
Bitcoin’s Great Wealth Transfer May Fuel Next Rally, Says CryptoQuant CEO
CryptoQuant CEO Ki Young Ju says Bitcoin’s current distribution phase may be less a sign of structural weakness than a major transfer of supply from old market participants to US financial institutions, ETFs and new long-term holders. In a series of posts on X, Ki argued that selling by Bitcoin OGs ...
Thu, Jun 4
If XRP Price Loses This Current Support, This Is How Low It Will Go
XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range l...
Thu, Jun 4
XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish
The XRP price slid on Wednesday to its lowest level in four months, hitting $1.14. The drop has contributed to a broader soft patch across crypto, and both chart analysis and on-chain indicators are now pointing to a more bearish environment for the altcoin. XRP Price Slips Below Key Averages Market...
Thu, Jun 4
